Negative (in the short term). On May 3, 2016, Gibsons released its first quarter financial results with adjusted EBITDA of $74 mm, below our estimate of $98 mm and consensus of $85 mm. The decline in earnings is primarily due to Gibson's customers decreasing capital expenditures in response to weak commodity prices. Gibsons now reports with restructured business segments, comprised of: Infrastructure, Logistics, Wholesale and Industrial Propane.
04 May 2016
REPORTS 1Q16 RESULTS; EBITDA $74 MM (FCC $98 MM/CONSENSUS $85 MM)
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REPORTS 1Q16 RESULTS; EBITDA $74 MM (FCC $98 MM/CONSENSUS $85 MM)
Gibson Energy Inc. (GEI:TSE) | 0 0 1.5% | Mkt Cap: 2,392m
- Published:
04 May 2016 -
Author:
Steven I. Paget -
Pages:
4
Negative (in the short term). On May 3, 2016, Gibsons released its first quarter financial results with adjusted EBITDA of $74 mm, below our estimate of $98 mm and consensus of $85 mm. The decline in earnings is primarily due to Gibson's customers decreasing capital expenditures in response to weak commodity prices. Gibsons now reports with restructured business segments, comprised of: Infrastructure, Logistics, Wholesale and Industrial Propane.