Markets

UPDATE: Gibson Energy Nearer Yr Highs As Reports Record 2012 Results, Increases Quarterly Dividend

Gibson Energy Inc. (GEI.TO), which has touched $26.49 compared to a year high $26.93, last night announced record annual results for 2012 supported by large profit increases across four businesses.

Highlights include:

- Adjusted EBITDA increased by 43% to $96.1 million for the three months ended December 31, 2012 compared to $67.4 million in the three months ended December 31, 2011. For the full year, 2012 Adjusted EBITDA increased by 31% to $302.1 million compared to $231.3 million in 2011.

- It approved a 5.8% increase to its quarterly dividend. The quarterly increase to $0.275 per common share is payable on April 17, 2013 to shareholders of record at the close of business on March 29th, 2013.

Gibson is one of the largest independent midstream energy companies in Canada and an integrated service provider to the oil and gas industry in the United States.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More