Gibson Energy Reports Strong Q1 with Record Volumes

Gibson Energy Inc. (TSE:GEI) has released an update.

Gibson Energy Inc. reports a robust start to 2024 with a 39% revenue increase in Q1, driven by record volumes at the fully integrated Gateway Terminal and strong infrastructure segment performance. The company experienced a notable rise in distributable cash flow and maintained dividend payout and debt ratios within target ranges. However, net income fell by 54% due to unrealized financial instrument impacts and higher costs, even as overall EBITDA grew by 10%.

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