Gibson Energy Announces Closing of $215 Million Bought Deal Offering of Common Shares and Exercise in Full of Over-Allotment Option

Press Release

CALGARY, Alberta, Feb. 17, 2026  — 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.

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

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