Gibson Energy Q1 2023 Earnings Report

Gibson Energy EPS Results

• Actual EPS: C$0.61
• Consensus EPS: C$0.44
• Beat/Miss: Beat by +C$0.17
• One Year Ago EPS: N/A

Gibson Energy Revenue Results

• Actual Revenue: $2.37 billion
• Expected Revenue: $2.85 billion
• Beat/Miss: Missed by -$479.96 million
• YoY Revenue Growth: N/A

Gibson Energy Announcement Details

• Quarter: Q1 2023
• Date: 5/1/2023
• Time: N/A

Gibson Energy (TSE:GEI), together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals. The Marketing segment purchases, sells, stores, and optimizes hydrocarbon products, including crude oil, natural gas liquids, road asphalt, roofing flux, frac oils, light and heavy straight run distillates, vacuum gas oil, and an oil-based mud product. It serves producers, refiners, marketers, and integrated companies, as well as exploration and production companies. The company was formerly known as Gibson Energy Holdings ULC and changed its name to Gibson Energy Inc. in April 2011. Gibson Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.