Gibson Energy Buys South Texas Gateway Oil Terminal For $1.1B
Portfolio Pulse from Nabaparna Bhattacharya
Gibson Energy plans to acquire the South Texas Gateway oil terminal for $1.1 billion in cash, expanding its footprint and connectivity to the Permian basin. The acquisition is expected to strengthen Gibson's infrastructure revenues and boost distributable cash flow per share.

June 15, 2023 | 2:09 pm
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Gibson Energy's acquisition of the South Texas Gateway oil terminal for $1.1B is expected to strengthen its infrastructure revenues and boost distributable cash flow per share.
The acquisition of the South Texas Gateway oil terminal will expand Gibson Energy's footprint and connectivity to the Permian basin, providing a platform for future infrastructure growth with existing and new customers. This is expected to strengthen the company's infrastructure revenues and boost distributable cash flow per share, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100