Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.45 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 17 July 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%). Declared Dividend • May 21
First quarter dividend of CA$0.45 announced Shareholders will receive a dividend of CA$0.45. Ex-date: 29th June 2026 Payment date: 17th July 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (196% earnings payout ratio) nor is it covered by cash flows (124% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 118% to bring the payout ratio under control. EPS is expected to grow by 60% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Ankündigung • May 06
Gibson Energy Inc. Declares Quarterly Dividend, Payable on July 17, 2026 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.45 per common share, payable on July 17, 2026, to shareholders of record at the close of business on June 29, 2026. Ankündigung • Apr 11
Gibson Energy Inc. to Report Q1, 2026 Results on May 04, 2026 Gibson Energy Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 04, 2026 Ankündigung • Feb 24
Gibson Energy Inc., Annual General Meeting, May 05, 2026 Gibson Energy Inc., Annual General Meeting, May 05, 2026. Ankündigung • Feb 18
Gibson Energy Inc. Declares Quarterly Dividend, Payable on April 17, 2026 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.45 per common share, an increase of $0.02 per common share per quarter. The quarterly dividend is payable on April 17, 2026, to shareholders of record at the close of business on March 30, 2026. Ankündigung • Feb 17
Gibson Energy Inc. has completed a Follow-on Equity Offering in the amount of CAD 200.02285 million. Gibson Energy Inc. has completed a Follow-on Equity Offering in the amount of CAD 200.02285 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,591,000
Price\Range: CAD 26.35 Ankündigung • Feb 11
Gibson Energy Inc. has filed a Follow-on Equity Offering in the amount of CAD 200.02285 million. Gibson Energy Inc. has filed a Follow-on Equity Offering in the amount of CAD 200.02285 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,591,000
Price\Range: CAD 26.35 Ankündigung • Jan 14
Gibson Energy Inc. to Report Q4, 2025 Results on Feb 17, 2026 Gibson Energy Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 17, 2026 Ankündigung • Nov 05
Gibson Energy Inc. Appoints Blake Hotzel as SVP, Commercial Development U.S Gibson Energy Inc. announced the expansion of leadership team with the appointment of Blake Hotzel as SVP, Commercial Development U.S., bringing over 20 years of commercial and U.S. expertise, including roles at Tallgrass and Phillips 66. Ankündigung • Nov 04
Gibson Energy Inc. Declares Dividend, Payable on January 16, 2026 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.43 per common share, payable on January 16, 2026, to shareholders of record at the close of business on December 30, 2025. Ankündigung • Oct 09
Gibson Energy Inc. to Report Q3, 2025 Results on Nov 03, 2025 Gibson Energy Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Ankündigung • Aug 20
Gibson Energy Inc. announced that it has received CAD 375 million in funding On August 20, 2025, Gibson Energy Inc. closed the transaction. Ankündigung • Aug 19
Gibson Energy Inc. announced that it expects to receive CAD 375 million in funding Gibson Energy Inc. announced a private placement to issue senior unsecured notes of CAD 375 million on August 18, 2025. The notes will have an interest rate of 4.45% and maturity date August 20, 2032. The transaction is expected to close on August 20, 2025, subject to customary closing conditions. Ankündigung • Jul 29
Gibson Energy Inc. Approves Quarterly Dividend, Payable on October 17, 2025 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.43 per common share, payable on October 17, 2025, to shareholders of record at the close of business on September 30, 2025. Ankündigung • Jul 11
Gibson Energy Inc. to Report Q2, 2025 Results on Jul 28, 2025 Gibson Energy Inc. announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Ankündigung • May 06
Gibson Energy Inc. Approves Quarterly Dividend, Payable on July 17, 2025 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.43 per common share, payable on July 17, 2025, to shareholders of record at the close of business on June 30, 2025. Ankündigung • Apr 09
Gibson Energy Inc. to Report Q1, 2025 Results on May 05, 2025 Gibson Energy Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 05, 2025 Ankündigung • Feb 25
Gibson Energy Inc., Annual General Meeting, May 06, 2025 Gibson Energy Inc., Annual General Meeting, May 06, 2025. Ankündigung • Feb 19
Gibson Energy Inc. Declares Quarterly Dividend, Payable on April 17, 2025 Gibson Energy Inc. announced that its Board of Directors has approved and declared a quarterly dividend of $0.43 per common share, representing a 5% increase of $0.02 per common share per quarter. The quarterly dividend is payable on April 17, 2025, to shareholders of record at the close of business on March 31, 2025. Ankündigung • Jan 17
Gibson Energy Inc. to Report Q4, 2024 Results on Feb 18, 2025 Gibson Energy Inc. announced that they will report Q4, 2024 results After-Market on Feb 18, 2025 Declared Dividend • Nov 03
Third quarter dividend of CA$0.41 announced Shareholders will receive a dividend of CA$0.41. Ex-date: 31st December 2024 Payment date: 17th January 2025 Dividend yield will be 8.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CA$0.33 (vs CA$0.13 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.33 (up from CA$0.13 in 3Q 2023). Revenue: CA$2.90b (down 10% from 3Q 2023). Net income: CA$53.9m (up 161% from 3Q 2023). Profit margin: 1.9% (up from 0.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to fall by 5.8% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Oct 30
Gibson Energy Inc. Declares Quarterly Dividend, Payable on January 17, 2025 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.41 per common share payable on January 17, 2025, to shareholders of record at the close of business December 31, 2024. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson’s dividends are subject to Canadian withholding tax. Ankündigung • Oct 02
Gibson Energy Inc. to Report Q3, 2024 Results on Oct 29, 2024 Gibson Energy Inc. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.41 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 17 October 2024. The company is paying out more than 100% of its profits and is paying out 79% of its cash flow. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Recent Insider Transactions • Sep 06
Key Executive recently bought €681k worth of stock On the 4th of September, Curtis Philippon bought around 46k shares on-market at roughly €14.81 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Curtis' only on-market trade for the last 12 months. Declared Dividend • Aug 04
Second quarter dividend of CA$0.41 announced Shareholders will receive a dividend of CA$0.41. Ex-date: 27th September 2024 Payment date: 17th October 2024 Dividend yield will be 8.9%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (144% earnings payout ratio). However, it is covered by cash flows (85% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 60% to bring the payout ratio under control. EPS is expected to grow by 57% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: CA$0.39 (vs CA$0.37 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.39 (up from CA$0.37 in 2Q 2023). Revenue: CA$3.23b (up 24% from 2Q 2023). Net income: CA$63.3m (up 22% from 2Q 2023). Profit margin: 2.0% (in line with 2Q 2023). Revenue is expected to decline by 33% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 36%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Jul 30
Gibson Energy Inc. Declares Dividend, Payable on October 17, 2024 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.41 per common share payable on October 17, 2024, to shareholders of record at the close of business September 30, 2024. Buy Or Sell Opportunity • Jul 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to €15.10. The fair value is estimated to be €18.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 21% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Ankündigung • Jun 25
Gibson Energy Inc. to Report Q2, 2024 Results on Jul 29, 2024 Gibson Energy Inc. announced that they will report Q2, 2024 results After-Market on Jul 29, 2024 Upcoming Dividend • Jun 21
Upcoming dividend of CA$0.41 per share Eligible shareholders must have bought the stock before 28 June 2024. Payment date: 17 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%). Buy Or Sell Opportunity • Jun 13
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €15.50. The fair value is estimated to be €19.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 21% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Buy Or Sell Opportunity • May 23
Now 21% undervalued Over the last 90 days, the stock has risen 2.0% to €15.10. The fair value is estimated to be €19.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 15% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Declared Dividend • May 06
First quarter dividend of CA$0.41 announced Shareholders will receive a dividend of CA$0.41. Ex-date: 28th June 2024 Payment date: 17th July 2024 Dividend yield will be 8.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is covered by cash flows (59% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 64% to bring the payout ratio under control. EPS is expected to grow by 59% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Buy Or Sell Opportunity • May 02
Now 21% undervalued Over the last 90 days, the stock has risen 4.2% to €15.00. The fair value is estimated to be €18.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 15% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. New Risk • Apr 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Dividend is not well covered by earnings (145% payout ratio). Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (14% increase in shares outstanding). Significant insider selling over the past 3 months (€476k sold). Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CA$0.25 (vs CA$0.62 in 1Q 2023) First quarter 2024 results: EPS: CA$0.25 (down from CA$0.62 in 1Q 2023). Revenue: CA$3.29b (up 39% from 1Q 2023). Net income: CA$40.5m (down 54% from 1Q 2023). Profit margin: 1.2% (down from 3.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Apr 30
Gibson Energy Inc. Declares Dividend, Payable on July 17, 2024 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.41 per common share payable on July 17, 2024, to shareholders of record at the close of business June 28, 2024. Ankündigung • Apr 12
Gibson Energy Inc. to Report Q1, 2024 Results on Apr 29, 2024 Gibson Energy Inc. announced that they will report Q1, 2024 results After-Market on Apr 29, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.41 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 17 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • Mar 05
Now 20% undervalued Over the last 90 days, the stock has risen 9.4% to €15.10. The fair value is estimated to be €18.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to decline by 14% per annum. Earnings are forecast to grow by 9.3% per annum over the same time period. Declared Dividend • Feb 25
Fourth quarter dividend of CA$0.41 announced Shareholders will receive a dividend of CA$0.41. Ex-date: 27th March 2024 Payment date: 17th April 2024 Dividend yield will be 8.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (60% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control. EPS is expected to grow by 17% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Ankündigung • Feb 23
Gibson Energy Inc., Annual General Meeting, Apr 30, 2024 Gibson Energy Inc., Annual General Meeting, Apr 30, 2024. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: CA$1.43 (vs CA$1.53 in FY 2022) Full year 2023 results: EPS: CA$1.43 (down from CA$1.53 in FY 2022). Revenue: CA$11.0b (flat on FY 2022). Net income: CA$214.2m (down 4.0% from FY 2022). Profit margin: 1.9% (down from 2.0% in FY 2022). Revenue is forecast to decline by 32% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 14
Now 20% undervalued Over the last 90 days, the stock has risen 2.9% to €14.00. The fair value is estimated to be €17.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to decline by 28% per annum. Earnings are forecast to grow by 9.4% per annum over the same time period. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Craig Richardson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jan 23
Gibson Energy Inc. to Report Q4, 2023 Results on Feb 20, 2024 Gibson Energy Inc. announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Ankündigung • Jan 10
Gibson Energy Inc. Appoints Craig V. Richardson to its Board of Directors Gibson Energy Inc. announced the appointment of Craig V. Richardson to its Board effective January 9, 2024. Mr. Richardson is Executive Vice President, Chief Legal Officer and Corporate Secretary at Union Pacific Corporation. In this role, he oversees all aspects of the company's legal affairs, including commercial transactions and litigation, labour and employment and regulatory matters. Prior to joining Union Pacific Mr. Richardson was principal shareholder at Greenberg Traurig, and Vice President and General Counsel of the El Paso Pipeline Group. Notably, Mr. Richardson has held various national security positions in the United States government, and he is a retired commander in the United States Navy Reserve. Mr. Richardson holds a bachelor's degree from Pomona College, a master's degree from Princeton University's School of Public and International Affairs and a J.D. degree from Stanford University. As part of joining Gibson's Board of Directors, Mr. Richardson will also serve on the Audit Committee and the Health and Safety Committee. Ankündigung • Jan 06
Gibson Energy Inc. Announces Resignation of John Festival from its Board of Directors Gibson Energy Inc. announced that John Festival has resigned from its Board of Directors, effective immediately, in order to focus on his increasing professional commitments. John Festival was appointed a Director of Gibson in 2018 and served as a member of both the Health and SafetyCommittee and the Sustainability and ESG Committee. During his time with the Gibson Board, John leveraged his over three decades of experience in the oil and gas industry to provide valuable guidance and insight. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.39 per share at 7.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 17 January 2024. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 7.7%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.1%). Ankündigung • Dec 05
Gibson Energy Inc. Announces Board and Committee Appointments Gibson Energy Inc. also announced the appointment of two new directors to its Board effective December 5, 2023: Maria Hooper, an internationally recognized energy executive and Khalid Muslih, a growth and transformation executive, both of whom have extensive experience with the US and global energy markets and Gibson's newly acquired Gateway Terminal. With these changes, Gibson's Board will comprise eleven directors, five of whom will have been appointed in the past three years, demonstrating its commitment to board rejuvenation and strong governance practices. In addition, over 50% of Gibson's Board positions will now be held by members of diverse communities, exceeding Environmental, Social and Governance (‘ESG’) Targets in these areas. As a part of joining Gibson's Board of Directors, Maria will also serve on the Audit Committee and Health and Safety Committee, and Khalid will serve on the Corporate Governance, Compensation and Nomination Committee and Sustainability and ESG Committee. About Maria Hooper: Maria is a global energy industry executive with over 30 years' experience driving growth in financial results, leading adaptive change and ensuring long-term sustainability for leading energy organizations, most recently as Senior Vice President, Commercial, at Phillips 66. Ms. Hooper is an innovative business builder who collaborates internally and externally to identify and capitalize on new opportunities in the market, and consistently gains stakeholder and team commitment to exceed business targets. Earlier in her career, she served in senior leadership roles at ConocoPhillips and in various positions at Producers Energy Trading, LLC, Apache Corporation and ANR Pipeline. Ms. Hooper earned a Bachelor of Science degree in Petroleum Engineering from The University of Texas at Austin. About Khalid Muslih: Khalid is the Chief Executive Officer of Manchester Energy, an EnCap Flatrock Midstream and EnCap Investments portfolio company. Mr. Muslih has over 30 years of corporate leadership and operational management experience for both private and publicly traded companies. Prior to founding Manchester Energy, he served as Executive Vice President at Buckeye Partners, L.P. where he spearheaded the company's strategic vision and led its growth and transformation from a regional pipeline transportation company into a global, diversified logistics enterprise. During his time at Buckeye, he also established Buckeye's Alternative Energy business and steered its carbon mitigation efforts by leading the company's expansion into renewable energy and next generation fuels. Mr. Muslih earned a Master of Business Administration from the University of Houston and a Bachelor of Science in Civil Engineering from the University of Texas at Austin. Ankündigung • Nov 01
Gibson Energy Inc. Declares Quarterly Dividend, Payable on January 17, 2024 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of CAD 0.39 per common share payable on January 17, 2024, to shareholders of record at the close of business December 29, 2023. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CA$0.11 (vs CA$0.49 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.11 (down from CA$0.49 in 3Q 2022). Revenue: CA$3.23b (up 22% from 3Q 2022). Net income: CA$20.6m (down 71% from 3Q 2022). Profit margin: 0.6% (down from 2.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 12
Gibson Energy Inc. to Report Q3, 2023 Results on Oct 30, 2023 Gibson Energy Inc. announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.39 per share at 7.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 16 October 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks High level of debt (285% net debt to equity). Shareholders have been diluted in the past year (10% increase in shares outstanding). Significant insider selling over the past 3 months (€339k sold). Ankündigung • Aug 02
Gibson Energy Inc. (TSX:GEI) completed the acquisition of South Texas Gateway Terminal LLC from Buckeye Partners, L.P. and others. Gibson Energy Inc. (TSX:GEI) entered into an agreement to acquire South Texas Gateway Terminal LLC from Buckeye Partners, L.P. and others for $1.1 billion on June 14, 2023. Under the terms of the transaction, Gibson Energy will acquire 100% membership interests of South Texas Gateway Terminal LLC for a total purchase price of $1.1 billion in cash, subject to closing adjustments. Gibson has fully committed bridge financing facilities totaling $1.1 billion in place from with Royal Bank of Canada, BMO Capital Markets, and JPMorgan Chase Bank N.A., Toronto Branch; with a permanent financing of the transaction expected to be achieved through a $262.3 million (CAD 350 million) bought deal offering of subscription receipts (the “Equity Offering”) and subsequent offerings of senior unsecured medium-term notes and hybrid debt securities of various tenors (the “Debt Offerings”). The transaction is subject to satisfaction of customary closing conditions, including receipt of all required regulatory approvals and the expiration or termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act. The transaction has been approved by the Board of Directors of Gibson. As of August 1, 2023, Gibson Energy announce the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976. The closing of the transaction is expected to occur in the third quarter of 2023. J.P. Morgan Securities Canada acted as financial advisor and Latham and Watkins LLP and Kwang Lim, John E. Piasta and Greg M. Johnson of Bennett Jones LLP as legal advisors to Gibson Energy.
Gibson Energy Inc. (TSX:GEI) completed the acquisition of South Texas Gateway Terminal LLC from Buckeye Partners, L.P. and others on August 1, 2023. The purchase price for the Transaction was funded, in part, from the net proceeds of Gibson Energy's CAD 403 million ($305.022 million) bought deal offering of subscription receipts, which closed on June 22, 2023. New Risk • Aug 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks High level of debt (285% net debt to equity). Significant insider selling over the past 3 months (€339k sold). Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: CA$0.37 (vs CA$0.24 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.37 (up from CA$0.24 in 2Q 2022). Revenue: CA$2.61b (down 18% from 2Q 2022). Net income: CA$52.0m (up 45% from 2Q 2022). Profit margin: 2.0% (up from 1.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • Aug 01
Gibson Energy Inc. Declares Quarterly Dividend, Payable on October 16, 2023 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.39 per common share payable on October 16, 2023, to shareholders of record at the close of business September 29, 2023. Ankündigung • Jul 12
Gibson Energy Inc. to Report Q2, 2023 Results on Jul 31, 2023 Gibson Energy Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2023 Recent Insider Transactions • Jun 25
Independent Chairman recently bought €698k worth of stock On the 22nd of June, James Estey bought around 50k shares on-market at roughly €13.96 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.39 per share at 7.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 17 July 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Ankündigung • Jun 15
Gibson Energy Inc. (TSX:GEI) entered into an agreement to acquire South Texas Gateway Terminal LLC from Buckeye Partners, L.P. and others for $1.1 billion. Gibson Energy Inc. (TSX:GEI) entered into an agreement to acquire South Texas Gateway Terminal LLC from Buckeye Partners, L.P. and others for $1.1 billion on June 14, 2023. Under the terms of the transaction, Gibson Energy will acquire 100% membership interests of South Texas Gateway Terminal LLC for a total purchase price of $1.1 billion in cash, subject to closing adjustments. Gibson has fully committed bridge financing facilities totaling $1.1 billion in place from with Royal Bank of Canada, BMO Capital Markets, and JPMorgan Chase Bank N.A., Toronto Branch; with a permanent financing of the transaction expected to be achieved through a $262.3 million (CAD 350 million) bought deal offering of subscription receipts (the “Equity Offering”) and subsequent offerings of senior unsecured medium-term notes and hybrid debt securities of various tenors (the “Debt Offerings”). The transaction is subject to satisfaction of customary closing conditions, including receipt of all required regulatory approvals and the expiration or termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act. The transaction has been approved by the Board of Directors of Gibson. The closing of the transaction is expected to occur in the third quarter of 2023. J.P. Morgan Securities Canada acted as financial advisor and Latham and Watkins LLP and Bennett Jones LLP as legal advisors to Gibson Energy. Recent Insider Transactions • May 14
Senior VP & COO recently sold €339k worth of stock On the 10th of May, Omar Saif sold around 23k shares on-market at roughly €14.94 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Omar has been a net seller over the last 12 months, reducing personal holdings by €699k. Reported Earnings • May 02
First quarter 2023 earnings released: EPS: CA$0.62 (vs CA$0.35 in 1Q 2022) First quarter 2023 results: EPS: CA$0.62 (up from CA$0.35 in 1Q 2022). Revenue: CA$2.37b (down 12% from 1Q 2022). Net income: CA$88.3m (up 70% from 1Q 2022). Profit margin: 3.7% (up from 1.9% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.39 per share at 7.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 17 April 2023. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: CA$1.53 (vs CA$0.99 in FY 2021) Full year 2022 results: EPS: CA$1.53 (up from CA$0.99 in FY 2021). Revenue: CA$11.0b (up 53% from FY 2021). Net income: CA$223.2m (up 54% from FY 2021). Profit margin: 2.0% (in line with FY 2021). Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.3%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Jan 25
Gibson Energy Inc. to Report Q4, 2022 Results on Feb 21, 2023 Gibson Energy Inc. announced that they will report Q4, 2022 results After-Market on Feb 21, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.37 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 17 January 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: CA$0.49 (vs CA$0.25 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.49 (up from CA$0.25 in 3Q 2021). Revenue: CA$2.65b (up 47% from 3Q 2021). Net income: CA$71.5m (up 99% from 3Q 2021). Profit margin: 2.7% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 21% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Ankündigung • Nov 01
Gibson Energy Declares Quarterly Dividend, Payable on January 17, 2023 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.37 per common share payable on January 17, 2023, to shareholders of record at the close of business December 30, 2022. This dividend is designated as an eligible dividend for Canadian income tax purposes. Ankündigung • Oct 04
Gibson Energy Inc. to Report Q3, 2022 Results on Oct 31, 2022 Gibson Energy Inc. announced that they will report Q3, 2022 results After-Market on Oct 31, 2022 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.37 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 17 October 2022. The company is paying out more than 100% of its profits and is paying out 79% of its cash flow. Trailing yield: 6.0%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: CA$0.24 (vs CA$0.22 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.24 (up from CA$0.22 in 2Q 2021). Revenue: CA$3.20b (up 91% from 2Q 2021). Net income: CA$35.9m (up 11% from 2Q 2021). Profit margin: 1.1% (down from 1.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • Aug 03
Gibson Energy Inc. Approves Quarterly Dividend for Common Share Payable on October 17, 2022 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.37 per common share payable on October 17, 2022, to shareholders of record at the close of business September 30, 2022. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to Canadian withholding tax. Ankündigung • Jul 26
Gibson Energy Inc. Announces the Addition of Ms. Diane Kazarian to the Company's Board of Directors Gibson Energy Inc. announced that Ms. Diane Kazarian joined the Company's Board of Directors effective from now. Prior to joining Gibson, Ms. Kazarian was the first female Managing Partner of the Greater Toronto Area at PwC and a member of the Leadership Team at PwC. Reporting directly to the Chief Executive Officer, Ms. Kazarian led PwC's largest market in Canada and managed a team of approximately 300 partners and 4,000 individuals. Prior to, Ms. Kazarian was an Audit Partner and Adviser for over 25 years, including the roles of National Financial Service Leader, National Banking and Capital Markets Leader, and National IFRS Leader. Ms. Kazarian holds a Bachelor of Science in Business Administration, Accounting Major, from Bryant University and is a Fellow of Chartered Professional Accountants of the Ontario Institute of Chartered Accountants. Ms. Kazarian is also a member of the board of Choice Properties Real Estate Investment Trust, chair of the board of St. Joseph'sHealth Centre Foundation and a member of the board of Unity Health Toronto. Ms. Kazarian also sits on the boards of Bryant University, Appleby College Foundation and Kingsway College School. As part of joining Gibson's Board of Directors, Ms. Kazarian will also serve on the Audit Committee. Ankündigung • Jul 06
Gibson Energy Inc. to Report Q2, 2022 Results on Aug 02, 2022 Gibson Energy Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.37 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €17.10, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.94 per share. Recent Insider Transactions • Jun 05
Senior VP recently sold €1.0m worth of stock On the 2nd of June, Sean Wilson sold around 50k shares on-market at roughly €20.28 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €811k more than they bought in the last 12 months. Recent Insider Transactions • May 27
Key Executive recently bought €360k worth of stock On the 25th of May, Omar Saif bought around 19k shares on-market at roughly €18.98 per share. This was the largest purchase by an insider in the last 3 months. This was Omar's only on-market trade for the last 12 months. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: CA$0.35 (vs CA$0.23 in 1Q 2021) First quarter 2022 results: EPS: CA$0.35 (up from CA$0.23 in 1Q 2021). Revenue: CA$2.69b (up 67% from 1Q 2021). Net income: CA$52.0m (up 59% from 1Q 2021). Profit margin: 1.9% (down from 2.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 11% compared to a 44% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Ankündigung • Apr 05
Gibson Energy Inc. to Report Q1, 2022 Results on May 02, 2022 Gibson Energy Inc. announced that they will report Q1, 2022 results After-Market on May 02, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.37 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.9%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$0.99 (up from CA$0.83 in FY 2020). Revenue: CA$7.21b (up 46% from FY 2020). Net income: CA$145.1m (up 20% from FY 2020). Profit margin: 2.0% (down from 2.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 4.1%, compared to a 80% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • Feb 24
Gibson Energy Inc. Declares A Quarterly Dividend, Payable on April 14, 2022 Gibson Energy Inc. announced that its Board of Directors has approved a quarterly dividend of $0.37 per common share, an increase of $0.02 per common share, which will be payable on April 14, 2022, to shareholders of record at the close of business on March 31, 2022. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to Canadian withholding tax. Ankündigung • Feb 16
Gibson Energy Inc., Annual General Meeting, May 03, 2022 Gibson Energy Inc., Annual General Meeting, May 03, 2022. Upcoming Dividend • Dec 23
Upcoming dividend of CA$0.35 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 17 January 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.2%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS CA$0.25 (vs CA$0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$1.81b (up 33% from 3Q 2020). Net income: CA$36.0m (up 105% from 3Q 2020). Profit margin: 2.0% (up from 1.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. 
