Gibson Energy Announces Major Contract Extensions of 20 and 10 Years at Edmonton, Sanctioning of New Wink-to-Gateway Integration Project, and $150 Million of Growth Capital in 2026

Executive Summary

• Gibson Energy renewed a 20‑year take‑or‑pay refined products services agreement and extended a terminal storage take‑or‑pay agreement by 10 years at its Edmonton Terminal with senior integrated oil sands customers.
• The Company announced a $150 million 2026 growth capital budget, including a newly sanctioned $50 million Wink‑to‑Gateway integration project in Texas.
• A replacement capital program of $50–$60 million for 2026 was approved, and Gibson confirmed it remains fully funded to meet its financial principles.

Key Details

• Contract Extensions:
• 20‑year renewal of refined products services take‑or‑pay contract at Edmonton Terminal.

• Additional 10‑year extension of terminal storage take‑or‑pay agreement covering 800,000 bbl of tankage at Edmonton.

• Growth Capital Guidance (2026):

• Total guidance: $150 million.
• $50 million allocated to Wink‑to‑Gateway integration project (new tankage at Wink and new pipeline connection at Gateway).

• Remaining $100 million directed toward other high‑return infrastructure opportunities across Gibson’s asset base.

• Replacement Capital Program (2026):

• Board approved $50–$60 million for integrity and reliability upgrades of existing infrastructure.

• Funding Position:

• Company states it is fully funded and expects to operate well within its Financial Principles, supported by stable infrastructure cash flows in 2026.

• Investor Day:

• Scheduled for December 2, 2025, 8:30 am–10:00 am ET (in‑person invitation only; webcast available).

Notable Quotes

• “The extension of these long‑term, take‑or‑pay contracts at Edmonton speaks to the growing demand for our Infrastructure services and the essential role our assets play in supporting our customers,” – Curtis Philippon, President & CEO.
• “We are pleased to announce our 2026 capital budget…we will remain focused on value creation and financial discipline, delivering within our target five‑to‑seven‑times build multiple,” – Riley Hicks, SVP & CFO.