Gibson Energy Announces Renewal of Normal Course Issuer Bid

^{All financial figures are in Canadian dollars.}

CALGARY, Alberta, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the renewal of its Normal Course Issuer Bid (“NCIB”).

The Toronto Stock Exchange (the “TSX”) has accepted Gibson’s notice of intention to commence its NCIB for an additional one-year period. This enables the Company to purchase and cancel up to 7,251,988 common shares, representing 5% of the Company’s public float as of September 4, 2026, over the 12-month period commencing September 18, 2026, in accordance with the applicable rules and policies of the TSX and applicable securities laws. As of September 4, 2026, the Company had 172,561,791 common shares issued and outstanding.

Under the NCIB, common shares may be repurchased in open market transactions on the TSX, and/or other Canadian alternative trading platforms. In accordance with the rules of the TSX governing an NCIB, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 202,097 common shares, representing 25% of the average daily trading volume of 808,390 common shares on the TSX calculated for the six-month period ended August 31, 2026. The NCIB will terminate at the earlier of September 17, 2027 and the date on which the maximum number of common shares that can be acquired pursuant to the NCIB has been purchased.

The price that Gibson will pay for common shares in open market transactions will be the market price at the time of purchase. Gibson continues to believe that the availability of an NCIB will enable the Company to maximize return to shareholders. The actual number of common shares that may be purchased, if any, and the timing of any such purchases, will be determined by Gibson based on several factors, including the continued adherence to its financial principles. Gibson has not purchased any common shares under its normal course issuer bid that commenced on September 18, 2025 and will end on September 17, 2026 (the “Prior NCIB”). 10,182,288 common shares were approved for purchase under the Prior NCIB.

The Company expects to enter into an automatic purchase plan with its broker, BMO Nesbitt Burns Inc., to facilitate purchases of its common shares. The automatic purchase plan allows for purchases by the Company of its common shares at any time, including, without limitation, when the Company would ordinarily not be permitted to make purchases due to regulatory restriction or self-imposed blackout periods. Purchases will be made by Gibson’s broker based upon the parameters prescribed by the TSX and the terms of the parties’ written agreement.

About Gibson
Gibson is a leading liquids infrastructure company providing storage, optimization, processing, gathering, and waterborne vessel loading services for liquids and refined products. 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.

Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”) including, but not limited to, statements concerning the NCIB, common shares which may be purchased under the NCIB and related matters. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “expect”, “may”, “will”, “can”, “should”, “would”, “plan”, “intend”, “believe”, “target” and similar expressions are intended to identify forward looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in “Forward-Looking Statements“ and “Risk Factors” included in the Company’s Annual Information Form dated February 17, 2026 and Management’s Discussion and Analysis, dated July 27, 2026, as filed on SEDAR+ and available on the Gibson website at www.gibsonenergy.com.

For further information, please contact:

Investor Relations
(403) 776-3077
investor.relations@gibsonenergy.com