Gibson Energy reported record infrastructure adjusted EBITDA of CAD 169 million for the second quarter of 2026, a CAD 17 million increase over the same period last year, driven by higher network utilization and the Chauvin acquisition. Consolidated adjusted EBITDA also reached CAD 169 million, matching the company's previous quarterly record and rising CAD 22 million year over year. Marketing adjusted EBITDA came in at CAD 15 million, reflecting improved refined products execution and strong crack spreads, with full-year marketing guidance now trending toward the upper end of the CAD 0 to CAD 40 million range. Distributable cash flow increased to CAD 96 million, up CAD 15 million year over year, while reported net debt to adjusted EBITDA stood at 4.2 times, with management expecting leverage to return to the 3 to 3.5 times target range by early 2027. The company also closed the Chauvin Pipeline acquisition on May 1, 2026, and advanced key growth projects including the Hardisty connection and Wink to Gateway integration.
GSK plcRecord infrastructure EBITDA, raised marketing guidance, and strong distributable cash flow