Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Gibson Energy (TSE:GEI)
TSX:GEI
Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.32Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 6.16%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with significant achievements in the Infrastructure segment and ongoing projects at the Edmonton and Gateway terminals. However, challenges in the Marketing segment, particularly due to weaker demand for refined products, were notable. While Infrastructure performance was robust, contributing to financial stability, the decline in Marketing performance and lower distributable cash flow offset some of the positive aspects.Company Guidance
During the third quarter 2024 earnings call for Gibson Energy, the company reported a strong performance with an adjusted EBITDA of $151 million, slightly surpassing the previous year's third quarter results due to an additional month of Gateway EBITDA contribution. The Infrastructure segment notably contributed $150 million to adjusted EBITDA, continuing its robust performance. However, the Marketing segment experienced a decline, with adjusted EBITDA falling to approximately $14 million, a $10 million decrease from Q3 2023, primarily due to softer refined products results. Looking ahead, the company anticipates modest Marketing performance in the fourth quarter, with expectations that annual Marketing results may end the year at or below the $80 million to $120 million run rate guidance. Despite these challenges, Gibson Energy maintains a strong financial profile, with a leverage ratio of 3.2x and a payout ratio of 65%, providing significant financial flexibility. The company continues to focus on strategic growth opportunities, including the construction of new tanks at the Edmonton Terminal and the Cactus II connection at the Gateway terminal, alongside ongoing discussions for a second contract extension at Gateway.Strong Infrastructure Performance
Adjusted EBITDA of $151 million, driven by near-record contribution from the Infrastructure segment of $150 million, which was $10 million higher than in Q3 2023.
Edmonton Terminal Expansion
Construction of 2 new tanks at the Edmonton Terminal progressed on schedule, expected to add 870,000 barrels of storage capacity by the end of the year.
Gateway Terminal Development
Started work on the Cactus II connection at the Gateway terminal, providing access to approximately 700,000 barrels a day of incremental Permian supply, expected to be in service by Q3 2025.
Financial Stability
Maintained leverage of 3.2x within the target range of 3 to 3.5x, with a payout ratio of 65% below the 70% to 80% target range.
---
TSE:GEI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TSE:GEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | C$22.98 | C$22.71 | -1.20% |
| Jul 29, 2024 | C$21.99 | C$21.91 | -0.39% |
| Apr 29, 2024 | C$21.64 | C$21.42 | -1.01% |
| Feb 20, 2024 | C$19.46 | C$20.35 | +4.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Gibson Energy (TSE:GEI) report earnings?
Gibson Energy (TSE:GEI) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Gibson Energy (TSE:GEI) earnings time?
Gibson Energy (TSE:GEI) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GEI EPS forecast?
TSE:GEI EPS forecast for the fiscal quarter 2024 (Q4) is 0.32.
---