Gibson Energy Inc

Gibson Energy Inc (GEI.TO) has added the Viking Pipeline to its asset portfolio, a notable development confirmed on June 30, 2026. This addition marks the first analysis for the ticker, establishing a baseline for future performance tracking without prior comparative data. The Viking Pipeline is an operating oil and NGL pipeline located in Canada with a capacity of 13,000 barrels per day. This asset is classified specifically as an oil pipeline, contributing to the company's infrastructure capabilities in the Canadian energy sector. This expansion underscores Gibson Energy's focus on midstream operations, specifically in oil transportation. The inclusion of a 13,000 bpd operating asset enhances the company's throughput capacity and operational footprint within Canada. As this is the initial analysis for GEI.TO, there are no prior analyst estimates, index memberships, or top holder records to compare against. The addition of the Viking Pipeline serves as the foundational event for understanding the company's current asset base and operational scale.

Operating income grew 15.0% year-over-year to CAD 393.8 million, indicating strong operational leverage despite revenue declines.

The company achieved a 10.3% revenue CAGR over four years, showing consistent long-term top-line growth trajectory.

Cash conversion of 2.58 exceeds the cohort median of 1.3, suggesting superior ability to turn earnings into cash.

Net income increased 29.9% year-over-year to CAD 197.6 million, highlighting improved bottom-line profitability in the latest period.

A debt-to-equity ratio of 3.39 places Gibson Energy in the bottom quartile, signaling extreme leverage risk.

The company faces high credit risk, which could impair its ability to refinance debt or secure favorable financing terms.

Free cash flow turned negative at CAD -83.2 million, indicating an inability to generate cash after capital expenditures.

Revenue C$9.62B, +248,6% YoY.

• ▍Revenue C$9.62B, +248,6% YoY

Revenue C$2.75B, +0,3% YoY; Operating income −63,6% YoY.

• ▍Revenue C$2.75B, +0,3% YoY
• ▍Operating income −63,6% YoY
• ▍Net income −102,7% YoY
• ▍Free cash flow −451,9% YoY
• ▍Net margin -0.0%

Revenue C$2.30B, −2,2% YoY; Operating income +155,7% YoY.

• ▍Revenue C$2.30B, −2,2% YoY
• ▍Operating income +155,7% YoY
• ▍Net income +842,3% YoY
• ▍Free cash flow +91,1% YoY
• ▍Net margin 1.8%

Revenue C$2.36B; Operating income C$34.2M.

• ▍Revenue C$2.36B
• ▍Operating income C$34.2M
• ▍Net margin -0.2%

Revenue C$2.90B; Operating income C$101.0M.

• ▍Revenue C$2.90B
• ▍Operating income C$101.0M
• ▍Net margin 1.9%

Revenue C$10.69B, −9,3% YoY; Operating income +15,0% YoY.

• ▍Revenue C$10.69B, −9,3% YoY
• ▍Operating income +15,0% YoY
• ▍Net income +29,9% YoY
• ▍Free cash flow +19,3% YoY
• ▍Net margin 1.8%

Revenue C$11.78B, +7,0% YoY; Operating income −14,7% YoY.

• ▍Revenue C$11.78B, +7,0% YoY
• ▍Operating income −14,7% YoY
• ▍Net income −29,0% YoY
• ▍Free cash flow −21 110,3% YoY
• ▍Net margin 1.3%

Revenue C$11.01B, −0,2% YoY; Operating income +13,1% YoY.

• ▍Revenue C$11.01B, −0,2% YoY
• ▍Operating income +13,1% YoY
• ▍Net income −4,0% YoY
• ▍Free cash flow −103,6% YoY
• ▍Net margin 1.9%

Revenue C$11.04B, +53,0% YoY; Operating income +46,4% YoY.

• ▍Revenue C$11.04B, +53,0% YoY
• ▍Operating income +46,4% YoY
• ▍Net income +53,9% YoY
• ▍Free cash flow +62,6% YoY
• ▍Net margin 2.0%

Revenue C$7.21B; Operating income C$242.6M.

• ▍Revenue C$7.21B
• ▍Operating income C$242.6M
• ▍Net margin 2.0%