While that kind of reliability may seem like a rare gem in today’s uncertain macroeconomic environment, some TSX-listed companies still continue to grow, build new revenue streams and reward patient shareholders quarter after quarter. That’s exactly what Gibson energy (TSX:GEI) has been doing this for years.
In this article, let’s take a closer look at why Gibson Energy could be one of the best Canadian dividend stocks worth holding for decades, especially if reliable income and long-term growth are part of your investment goals.
A high-yield Canadian dividend stock to buy
This Calgary-based energy infrastructure company focuses primarily on the storage, processing and collection of liquids and refined products in North America.
After falling nearly 6% so far in 2025, GEI stock is currently trading at $22.66 per share with a market cap of $3.7 billion. However, recent share price weakness has made the annualized dividend yield look even more attractive at 7.6%, which could help income-oriented investors create a rare income stream in today’s uncertain market.
Recent performance shows why this stock continues to pay
Despite a difficult year for many TSX-listed energy stocks, Gibson’s performance remains steady. As of early November 2025, GEI stock was down about 15% from its 52-week high, but the company is still holding up very well operationally.
In the last quarter (ending September), Gibson achieved record volumes in both the US and Canada. The Edmonton terminal, now connected to the Trans Mountain extension, saw volumes increase 26% year over year (year over year). At the same time, the company’s US Gateway terminal in Texas recorded a 30% year-on-year increase to 717,000 barrels per day thanks to a completed dredging project. This operating strength is exactly what helps GEI stock maintain cash flow – and grow dividends.
The financials reflect consistency despite short-term headwinds
Last quarter, Gibson posted $147 million in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), slightly lower than a year ago. This dip was mainly due to weaker performance in the marketing segment, which fell to $7 million as the trading environment remained challenging. However, the company’s infrastructure segment remained strong, delivering $154 million in adjusted EBITDA, primarily due to higher volumes and cost-cutting efforts.
Notably, Gibson Energy reduced one-time and recurring costs by more than $9 million in the last quarter, limiting the decline in net profit. These moves also increased distributable cash flow per share by 10%, which is very important for a dividend stock like this.
Why this profit generator never stops
Despite the short-term uncertainties, Gibson continues to prepare for long-term stability and growth. It just issued $375 million in unsecured notes to clear older debt and strengthen its balance sheet. In the meantime, it has also concluded a major infrastructure deal Baytex energywhich should help the country secure stable future volumes under a long-term agreement.
As the energy sector continues to gain momentum, Gibson’s focus on core infrastructure, cost efficiency and long-term contracts could keep this revenue machine running strong for years to come. That’s why GEI stock can be a great buy for long-term investors, especially at current levels.
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