Mr. Riley Hicks reports

GIBSON ENERGY ANNOUNCES 5% DIVIDEND INCREASE AND DECLARES DIVIDEND

Gibson Energy Inc.'s board of directors has approved and declared a quarterly dividend of 43 cents per common share, representing a 5-per-cent increase of two cents per common share per quarter. The quarterly dividend is payable on April 17, 2025, to shareholders of record at the close of business on March 31, 2025. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to Canadian withholding tax.

"We are pleased to announce a 5-per-cent increase to the dividend, marking the sixth consecutive annual increase," said Riley Hicks, senior vice-president and chief financial officer. "This dividend increase is reflective of the growth of our long-term, stable cash flows in 2024, driven by record-setting volumes achieved at the Gateway and Edmonton terminals. As we move into 2025, we remain committed to our infrastructure strategy, prioritizing safety, adhering to our financial governing principles and maintaining a disciplined approach to per-share growth. In order to further enhance shareholder returns, we expect to deploy up to $200-million between growth capital and share repurchases this year."

About Gibson Energy Inc.

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, Alta., the company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alta., Ingleside and Wink, Tex., and a facility in Moose Jaw, Sask. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

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