See pages 29 and 18 to 23 for a reconciliation of distributable cash flow to cash flow from operations and EBITDA to net income (loss), respectively. Gibson Energy is followed by several analysts.
"Looking forward, the structural cost reductions we have achieved during the past year, and the successful sale of our Industrial Propane business, have positioned us as a more streamlined midstream operator with an enhanced focus on our key Infrastructure segment. Management's Discussion and Analysis and Financial Statements.
Any opinions, estimates or forecasts made by these analysts regarding our performance are theirs alone and do not represent opinions, forecasts or predictions of Gibson Energy or our management.
%USER_NAME% was successfully added to your Block List. Financial Reports. With nearly 12 million barrels of storage, and over 500 km of crude pipelines, we touch 1 in every 4 barrels produced in Western Canada. Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today its operating and financial results for the three months and year ended December 31, 2016. Data may be intentionally delayed pursuant to supplier requirements. Gibson Energy’s Women in Finance & Energy Marketing Development Program is a great opportunity for students to learn about the exciting career developmental opportunities at Gibson Energy. Despite many challenges, the year highlighted certain key strengths of our operations, including the stability and value of our key terminal assets, as well as our team's ability to bring new Infrastructure projects into service below budget and ahead of schedule," said Stewart Hanlon, Gibsons' President and Chief Executive Officer. We are a leading, oil-focused infrastructure company with a focused asset base and stable, long-term cash flows. For the six months ended 30 June 2020, Gibson EnergyInc. Your ability to comment is currently suspended due to negative user reports. ET) on Wednesday, March 8, 2017, for interested investors, analysts and media representatives. {{ticker.Quote.FiftyTwoWeekHigh | currency}}, {{ticker.Quote.FiftyTwoWeekLow | currency}}, https://careers.gibsonenergy.com/#/search/, Canadian Pipeline and Other Terminals Overview.
Gibson Energy Announces the Addition of Ms. Peggy Montana to the Company’s Board of Directors. Our two-day program is designed to provide insights to the various facets of our Finance, Energy Marketing/Trading and Commercial organizations. A conference call to discuss Gibsons' fourth quarter and year end results will be held at 7:00 a.m. MT (9:00 a.m. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Annual and quarterly financial reports, income statements and balance sheets for GIBSON ENERGY INC. (GEI) on MSN Money.
Financial Reports Dividends Analyst Coverage Shareholder Information View our presentations and events. Certain statements contained in this news release constitute forward-looking information and statements (collectively, "forward-looking statements") including, but not limited to, statements concerning the Company's growth capital spending, the timing and completion of construction projects, future additional construction projects, the sale of the Company's Industrial Propane business, the current dividend level and management's expectation with respect to the Company's business and financial prospects and opportunities. Financial reports are also available on SEDAR and EDGAR websites. These statements speak only as of the date of this news release. In addition, this news release may contain forward-looking statements and forward-looking information attributed to third party industry sources. Users can opt to see 4 periods of either annual or quarterly information. With nearly 12 million barrels of storage, and over 500 km of crude pipelines, we touch 1 in every 4 barrels produced in Western Canada.
It may therefore take some time before it appears on our website. {{ticker.Quote.FiftyTwoWeekHigh | currency}}, {{ticker.Quote.FiftyTwoWeekLow | currency}}, https://careers.gibsonenergy.com/#/investors/, 478-219-0003 / 844-358-6759 | Pass Code: 2298236. We are a leading, oil-focused infrastructure company with a focused asset base and stable, long-term cash flows. Press Releases Overview; Presentations and ... Gibson Energy Confirms 2020 Third Quarter Earnings Release Date and Provides Conference Call & Webcast Details.
These documents are available at www.gibsons.com and at www.sedar.com. Combined segment profit, Adjusted EBITDA, and EBITDA, represents the aggregatedresults of both continuing and discontinued operations. With nearly 12 million barrels of storage, and over 500 km of crude pipelines, we touch 1 in every 4 barrels produced in Western Canada. Press Releases Overview; Presentations and Events Overview ... Gibson Energy Announces Its Inaugural Submission to CDP and the Creation of Its Sustainability and ESG … As of {{ticker.Quote.Date.DatePart}} {{ticker.Quote.Date.TimePart}} EST. All statements other than statements of historical fact are forward-looking statements. Interested in working for us? We are a leading, oil-focused infrastructure company with a focused asset base and stable, long-term cash flows. We are a crude oil infrastructure company that connects customers to markets, employees to rewarding careers, and investors to long-term value. On December 6, 2016, the Company announced its growth capital expenditure plans for 2017 with a range of spending between $150 million and $250 million, which includes a recently approved growth capital project to complete the initial civil and engineering work for an array of up to four new tanks on the east side of its Hardisty terminal. Distributable cash flow is used to assess the level of cash flow generated from ongoing operations and to evaluate the adequacy of internally generated cash flow to fund dividends. With nearly 12 million barrels of storage, and over 500 km of crude pipelines, we touch 1 in every 4 barrels produced in Western Canada. Source: Kantar Media, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Gibson Energy Inc. announced today it expects to release its 2020 third quarter financial and operating results on Monday, November 2, 2020 after the close of North American markets. Distributable cash flow from combined operations include results from continuing and discontinued operations.
All rights reserved. Infrastructure segment profit increased by 12% to $56 million in the fourth quarter of 2016 as a result of the additional tank capacity and associated fixed fee contracts added in the period; Logistics and Wholesale segment profits in the fourth quarter of $15 million and $17 million respectively, improved materially over the third quarter as business and market conditions improved; On February 13, 2017, the Company announced that it had entered an agreement to sell its Industrial Propane business to Superior Plus LP and on March 1, 2017, the Company received the associated, non-refundable cash proceeds of $412 million; In 2016, the Company successfully commissioned a large tranche of assets associated with the Hardisty and the Edmonton Terminal expansion projects, thereby increasing the storage, blending, and handling capabilities of the Hardisty Terminal by 48% to 8,900,000 barrels and the Edmonton Terminal by 50% to 900,000 barrels; On September 6, 2016, the Company announced it had received committed customer support for the construction of two new 400,000 barrel crude oil storage tanks and related pipeline connection infrastructure at the Company's Edmonton Terminal, which are underpinned by a long-term, fixed fee contract with a large, integrated, investment grade customer; Capital expenditures were $233 million in 2016, of which $204 million related to growth initiatives primarily advancing the expansion of terminal storage and pipeline connections at the Company's key Hardisty and Edmonton facilities; and. Comparative period information has been restated to reflect the impact of discontinued operations. As of {{ticker.Quote.Date.DatePart}} {{ticker.Quote.Date.TimePart}} EST. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. August 27, 2020.
Investors are encouraged to evaluate each adjustment and the reasons the Company considers it appropriate for supplemental analysis. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The use of any of the words "anticipate", "plan", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential" and "capable" and similar expressions are intended to identify forward-looking statements. For a full discussion of the material risk factors please refer to those included in Gibson’s Annual Information Form dated March 4, 2019 as filed on SEDAR and available on the Gibson … Avoid profanity, slander or personal attacks. {{ticker.Quote.FiftyTwoWeekHigh | currency}}, {{ticker.Quote.FiftyTwoWeekLow | currency}}, /about-us/#/news/press-releases/2017/gibsons-reports-financial-results-for-2016/, /our-operations/#/news/press-releases/2017/gibsons-reports-financial-results-for-2016/, /our-responsibility/#/news/press-releases/2017/gibsons-reports-financial-results-for-2016/, /news/#/news/press-releases/2017/gibsons-reports-financial-results-for-2016/, /investors/#/news/press-releases/2017/gibsons-reports-financial-results-for-2016/, https://careers.gibsonenergy.com/#/news/press-releases/2017/gibsons-reports-financial-results-for-2016/, Gibsons Reports Financial Results for 2016, Canadian Pipeline and Other Terminals Overview, Basic and diluted income (loss) per share.
Most Recent Annual Report.
Calgary, Alberta T2P 5E9: Head Office Address: Suite 1700, 440 - 2nd Avenue S.W. See "Distributable Cash Flow" in the Company's MD&A for a reconciliation of distributable cash flow to cash flow from operations, the IFRS measure most directly comparable to distributable cash flow. revenues decreased 39% to C$2.25B. {{ticker.Quote.FiftyTwoWeekHigh | currency}}, {{ticker.Quote.FiftyTwoWeekLow | currency}}, /our-operations/#/investors/analystcoverage/, /our-responsibility/#/investors/analystcoverage/, Discover how we've become part of the family, Canadian Pipeline and Other Terminals Overview, Women in Finance & Energy Marketing Development Program, Women in Operations & Engineering Development Program, Women in Finance & Energy Marketing Development Program Overview, Women in Operations & Engineering Development Program Overview.
These statements relate to future events or the Company's future performance.
No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. With nearly 12 million barrels of storage, and over 500 km of crude pipelines, we touch 1 in every 4 barrels produced in Western Canada. For over 60 years, Gibsons has delivered integrated midstream solutions to customers in the oil and gas industry.
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