Gibson Energy Completes $215 Million Bought Deal Financing to Strengthen Financial Position

Calgary, Alberta – February 17, 2026 – Gibson Energy Inc. has officially announced the successful closing of its previously disclosed bought deal public offering of common shares, raising total gross proceeds of approximately $215 million. The financing includes the full exercise of the over-allotment option granted to the underwriters, underscoring strong investor demand and confidence in the company’s long-term growth strategy.

The completion of this equity financing marks a significant milestone for Gibson Energy as it continues to enhance its balance sheet flexibility, support strategic capital investments, and maintain a disciplined approach to capital allocation.

Details of the Bought Deal Offering

Under the terms of the bought deal agreement, Gibson Energy issued a total number of common shares at a fixed offering price determined prior to closing. The syndicate of underwriters agreed to purchase the shares on a bought deal basis, meaning the underwriters committed to acquiring the entire offering from the company before reselling them to investors.

The offering generated gross proceeds of approximately $215 million, which includes additional proceeds from the full exercise of the over-allotment option. The over-allotment option allowed the underwriters to purchase additional shares to cover excess demand, further demonstrating robust market interest in Gibson Energy’s equity.

Strong Market Demand

The fact that the over-allotment option was exercised in full highlights the strong institutional and retail investor appetite for Gibson Energy shares. Market analysts have pointed to the company’s consistent performance, strategic infrastructure assets, and stable cash flow generation as key factors driving this confidence.

Strategic Use of Proceeds

Gibson Energy has stated that the net proceeds from the offering will be used primarily to:

• Reduce existing indebtedness
• Fund ongoing capital projects
• Support general corporate purposes
• Enhance financial flexibility

By allocating funds toward debt reduction, the company aims to maintain a strong credit profile and preserve balance sheet strength. This move aligns with its long-term strategy of sustainable growth while managing leverage prudently.

Supporting Growth Projects

The capital infusion is also expected to support ongoing infrastructure investments across Gibson Energy’s core operating segments. The company continues to focus on expanding its liquids infrastructure platform, including storage terminals, gathering systems, and related midstream assets.

These projects are designed to generate stable, fee-based revenues that provide long-term value for shareholders while minimizing exposure to commodity price volatility.

Overview of Gibson Energy

Gibson Energy Inc. is a leading North American liquids infrastructure company headquartered in Calgary, Alberta. The company operates a diversified portfolio of strategically located infrastructure assets, including:

• Crude oil storage terminals
• Pipeline infrastructure
• Processing facilities
• Marketing operations

With decades of operational expertise, Gibson Energy plays a vital role in connecting upstream production with downstream markets. Its infrastructure network is designed to support energy producers and refiners with reliable and efficient transportation and storage solutions.

Commitment to Financial Discipline

The successful closing of the $215 million bought deal offering reinforces Gibson Energy’s commitment to disciplined capital management. The company has consistently emphasized maintaining investment-grade credit metrics and delivering sustainable shareholder returns.

By proactively raising equity capital at a time of favorable market conditions, Gibson Energy strengthens its ability to fund growth initiatives while preserving long-term financial stability.

Balance Sheet Optimization

Management has highlighted that optimizing the balance sheet remains a top priority. The use of equity proceeds to repay debt improves leverage ratios and enhances the company’s financial resilience in varying market environments.

This strategic move also positions Gibson Energy to pursue potential future investment opportunities, partnerships, or acquisitions that align with its core infrastructure focus.

Underwriting Syndicate and Offering Structure

The bought deal offering was led by a syndicate of reputable financial institutions acting as underwriters. These institutions facilitated the distribution of shares to investors across various markets.

The offering was conducted pursuant to a prospectus supplement filed under Gibson Energy’s base shelf prospectus in applicable Canadian jurisdictions. Regulatory approvals and customary closing conditions were satisfied prior to completion.

Regulatory Compliance

All securities issued under the offering were offered in compliance with applicable securities laws. The shares were not registered under the United States Securities Act and were not offered or sold in the United States except in compliance with available exemptions.

Market Reaction and Investor Confidence

Following the announcement of the closing, market observers noted positive sentiment surrounding Gibson Energy’s proactive capital management strategy. Investors appear to view the financing as a constructive step toward reinforcing long-term growth while maintaining prudent leverage levels.

The successful transaction reflects ongoing confidence in the company’s operational performance and strategic positioning within the North American energy infrastructure sector.

Long-Term Outlook

Looking ahead, Gibson Energy remains focused on executing its strategic priorities, which include:

• Expanding high-quality infrastructure assets
• Maintaining financial discipline
• Delivering sustainable dividends
• Enhancing operational efficiency

The additional capital provides the company with enhanced flexibility to navigate evolving market conditions while continuing to invest in projects that create long-term value.

Resilience in a Dynamic Energy Market

The energy infrastructure sector continues to evolve amid shifting supply-demand dynamics and regulatory frameworks. Gibson Energy’s diversified asset base and emphasis on fee-based revenue streams help mitigate risks associated with commodity price fluctuations.

By strengthening its balance sheet through this equity offering, the company enhances its ability to respond effectively to market opportunities and challenges.

Corporate Governance and Transparency

Gibson Energy maintains strong corporate governance standards and transparent communication with investors. The company regularly provides updates on financial performance, capital projects, and strategic initiatives.

This transparent approach has helped build investor trust and supports long-term relationships with shareholders, lenders, and business partners.

Conclusion

The successful closing of Gibson Energy’s $215 million bought deal offering, including the full exercise of the over-allotment option, represents a meaningful step in reinforcing the company’s financial foundation. The transaction not only reflects strong investor confidence but also enhances Gibson Energy’s capacity to execute its growth strategy responsibly.

With a strengthened balance sheet, disciplined capital allocation strategy, and focus on infrastructure excellence, Gibson Energy remains well-positioned to deliver sustainable value to its stakeholders in the years ahead.

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