Gibson Energy Inc - Company Profile
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Business Description
Gibson Energy Inc (Gibson) is a midstream energy company with operations in major hydrocarbon basins in North America. The company carries out the transportation, storage, blending, processing, marketing, and distribution of crude oil and refined products. The company operates through two reportable business segments: Infrastructure and Marketing. Within its infrastructure segment, it has operations in Hardisty and Edmonton terminals which provide liquids and refined products. Its marketing segment stores and optimizes hydrocarbon products which include crude oil, natural gas liquids, road asphalt, frac oils, and light and heavy straight-run distillates. In FY2023, the segment's capital expenditure stood at CAD117.2 million.
Business Segments
Overview
Includes a network of liquids infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other small terminals. The primary facilities within this segment include the Hardisty and Edmonton Termi4,224nals. The segment reported capital expenditure of CAD120.336 million.
Performance
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Overview
Comprises the selling, trucking, purchasing, storing and optimizing of hydrocarbon products for supplying to the Moose Jaw facility, and marketing refined products through the company’s major infrastructure assets. Hydrocarbon products include crude oil, natural gas liquids, and road asphalt, roofing flux, frac oils, light and heavy straight run distillates, combined vacuum gas oil and an oil-based mud product. Sources majority of its hydrocarbon products from Western Canada and Permian basin. Markets its products throughout Canada and the US.
Performance
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