- Gibson Energy‘s 2Q Adjusted EBITDA was C$146.4 million, marking a 8% decrease from the previous year.
- The adjusted EBITDA surpassed the estimate of C$142.6 million.
- Net income for the quarter was C$60.7 million, a 4.2% decrease year-over-year.
- Net income exceeded the estimate of C$45.6 million.
- The company achieved cost savings of approximately $9 million this quarter.
- The cost savings increased Distributable Cash Flow (DCF) per share by $0.05, or 12%, in the second quarter.
- Gibson Energy is on track to exceed its overall cost savings target of $25 million.
- Analyst recommendations include 8 “buys,” 4 “holds,” and 1 “sell” for Gibson Energy.
A look at Gibson Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Gibson Energy shows promising signs for long-term investors. With a strong dividend score of 5, investors can expect consistent and attractive dividend payouts from the company. Additionally, the company scores well in momentum with a score of 4, indicating positive market trends and investor sentiment surrounding Gibson Energy.
Gibson Energy‘s value, growth, and resilience scores all sit at a respectable 3, showing a balanced overall outlook. As a North American midstream company with a diverse portfolio including facilities, pipelines, and retail propane services, Gibson Energy appears well-positioned for stable growth and resilience in the long run.
### Gibson Energy Inc. is a North American midstream company. The Company operates facilities and infrastructure – injection stations, terminals, pipelines, tank storage, and a fleet of truck transportation units. Gibson Energy also provides retail propane service. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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