Gibson Energy Announces Closing of $215 Million Bought Deal Offering of Common Shares and Exercise in Full of Over-Allotment Option
MWN-AI** Summary
Gibson Energy Inc. has successfully completed a bought deal offering, raising approximately $215 million through the issuance of 8,160,325 common shares at a price of $26.35 per share. This offering included full exercise of the over-allotment option granted to underwriters, with the proceeds earmarked for funding part of the acquisition of Teine Energy Ltd.'s Chauvin Infrastructure Assets. The closing of this transaction is anticipated in the second quarter of 2026, subject to regulatory approvals, including clearance under the Competition Act in Canada.
The offering was arranged by a syndicate of underwriters led by CIBC Capital Markets and Scotiabank, underscoring strong market confidence in Gibson's strategy and growth potential. The funds raised from this equity offering will help Gibson expand its operations in the liquids infrastructure space, which includes the storage, processing, and transportation of liquids and refined products across North America.
Headquartered in Calgary, Alberta, Gibson Energy owns significant terminal assets in key locations such as Hardisty and Edmonton, Alberta, and Ingleside and Wink, Texas, further enhancing its operational footprint. The company's shares are traded on the Toronto Stock Exchange under the ticker GEI.
As a forward-looking statement, Gibson emphasizes that while it expects the closing of the acquisition to proceed smoothly, various uncertainties could impact this timeline and overall results. The company seeks to manage risks related to regulatory compliance, economic conditions, and market fluctuations that could affect its business objectives.
For further details, investors and interested parties are encouraged to contact Gibson's Investor Relations. However, this announcement is not intended for distribution within the United States and should not be considered an offer to sell securities there or in other jurisdictions where such offerings would be prohibited.
MWN-AI** Analysis
Gibson Energy Inc.'s recent announcement of closing a $215 million bought deal offering of common shares presents a significant opportunity for investors. The issuance of 8,160,325 common shares at an offering price of $26.35 indicates strong market interest and confidence in the company. The net proceeds are aimed at funding the acquisition of Teine Energy Ltd.'s Chauvin Infrastructure Assets, which could substantially enhance Gibson’s operational capacity and market positioning within the liquids infrastructure sector.
From a market perspective, this equity offering signals Gibson's strategy to pursue growth through acquisitions during a period when energy infrastructure assets could be undervalued in the wake of economic fluctuations. Investors should consider the potential long-term benefits of this acquisition, which is expected to close in the second quarter of 2026, subject to regulatory approval. The integration of Teine Energy's assets could potentially lead to increased revenue streams and improved operational efficiencies.
Moreover, the fact that the offering was led by prominent underwriters such as CIBC Capital Markets and Scotiabank adds credibility to the transaction. Nevertheless, investors should be mindful of the associated risks highlighted in Gibson's forward-looking statements. Factors such as regulatory hurdles, market volatility, and the broader economic landscape could impact the anticipated success of the acquisition and, consequently, Gibson’s share performance.
Given the current context, investors should closely monitor Gibson Energy's developments leading up to the transaction's closure. A cautious approach that balances the company's growth potential with the inherent risks will be prudent. Overall, for risk-tolerant investors looking for exposure to the energy infrastructure sector, Gibson may represent a promising opportunity, especially if future performance aligns with the company's strategic goals.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States.
CALGARY, Alberta, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI) is pleased to announce the closing of its previously announced bought deal offering (the "Equity Offering") of common shares ("Common Shares"). Pursuant to the Equity Offering, Gibson issued a total of 8,160,325 Common Shares, inclusive of the Common Shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters. The Common Shares were issued at an offering price of $26.35 per Common Share for total gross proceeds of approximately $215 million.
The net proceeds from the Equity Offering are intended to be used by Gibson to fund a portion of the purchase price to acquire Teine Energy Ltd.'s Chauvin Infrastructure Assets (the "Transaction"), as previously announced. Closing of the Transaction is expected to occur in the second quarter of 2026, subject to the satisfaction of customary closing conditions, including clearance under the Competition Act (Canada) and other applicable regulatory reviews.
The Equity Offering was made through a syndicate of underwriters co-led by CIBC Capital Markets and Scotiabank.
About Gibson
Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan.
Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.
This press release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in the United States or any other jurisdiction. The Common Shares have not been or will be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and such securities may not be offered or sold in the United States absent registration or pursuant to an available exemption from such registration.
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information and statements (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "aim", "target", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential", "possible", "capable" and similar expressions are intended to identify forward-looking statements. Forward-looking statements included or referred to in this press release include, but are not limited to statements with respect to: the Transaction; the closing of the Transaction and the timing thereof; and the use of net proceeds from the Equity Offering.
The forward-looking statements reflect Gibson's beliefs and assumptions with respect to, among other things; the satisfaction of all conditions to closing the Transaction and the timing thereof; the successful completion of the Transaction; and general economic and industry conditions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Gibson believes these statements to be reasonable, no assurance can be given that the results or events anticipated in these forward-looking statements will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. Actual results or events could differ materially from those anticipated in these forward-looking statements as a result of, among other things, failure to complete the Transaction in all material respects in accordance with the Transaction purchase and sale agreement; failure to obtain, in a timely manner, regulatory, and other required approvals in connection with the Transaction; unexpected costs or liabilities related to the Transaction; competitive factors and economic conditions in the industries in which Gibson operates; prevailing global and domestic financial market and economic conditions; Gibson's ability to access various sources of debt and equity capital, generally, and on terms acceptable to Gibson; changes in government policies, laws and regulations, including environmental and tax laws and regulations; and levels of demand for Gibson's services and the rate of return for such services.
The forward-looking statements contained in this press release represent Gibson's expectations as of the date hereof and are subject to change. Gibson disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable laws. Readers are cautioned that the foregoing lists are not exhaustive. For additional information on the Company's assumptions, and the risks and uncertainties that could cause actual results to differ from the anticipated results, please refer to the risks and uncertainties described in "Forward-Looking Information" and "Risk Factors" included in the Company's Annual Information Form dated February 18, 2025, Management's Discussion and Analysis for three and nine months ended September 30, 2025, and 2024, and the prospectus supplement dated February 12, 2026, each as filed on SEDAR+ at www.sedarplus.ca.
For further information, please contact:
Investor Relations
Phone: (403) 776-3077
Email: investor.relations@gibsonenergy.com
Media
Phone: (403) 476-6334
Email: communications@gibsonenergy.com
FAQ**
How does the acquisition of Teine Energy Ltd.'s Chauvin Infrastructure Assets align with Gibson Energy Inc GBNXF's overall growth strategy and operational goals?
What are the key risks associated with the closing of the Transaction for Gibson Energy Inc GBNXF, and how does the company plan to mitigate them?
Can you provide insights into how the net proceeds from the Equity Offering will specifically enhance the financial position of Gibson Energy Inc GBNXF?
How does Gibson Energy Inc GBNXF anticipate market conditions might affect the completion of the Transaction and the integration of the acquired assets?
**MWN-AI FAQ is based on asking OpenAI questions about Gibson Energy Inc (OTC: GBNXF).
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