Gibson Energy Extends Hardisty Platform with $400 Million Chauvin Infrastructure Acquisition, Conditionally Sanctions Hardisty Connection Project, Announces $200 Million Bought Deal Equity Offering and Announces Certain Preliminary Fourth Quarter 2025 Results
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All financial figures are in Canadian dollars unless otherwise notedTransaction Highlights:Extends Gibson’s strategic core position in Hardisty – enhances Gibson’s heavy crude oil network by extending reach to new and established producers in the growing Mannville Stack
Grows high-quality, stable cash flows – 90%+ of revenue from the assets is supported by take-or-pay or fee-for-service arrangements, with 50% of volumes under long-term take-or-pay or area-of-dedication agreements with Teine Energy
Enhances Infrastructure EBITDA per share growth visibility – incremental cash flow...
