Gibson Bets on Permian Strength Powering US Oil Exports Growth [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
exports, boosting profit from a major Gulf Coast terminal it bought last year for about $1.1 billion. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding China Tells Iran Cooperation Will Last After Attack on Israel What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Tesla Asks Investors to Approve Musk's $56 Billion Pay Again Powell Signals Rate-Cut Delay After Run of Inflation Surprises The acquisition of the South Texas Gateway Terminal — which expanded Gibson beyond its core business of storing and processing Canadian crude in Alberta and Saskatchewan — is seen by analysts as a key earnings driver for the company. While Gibson has plans to generate more revenue from the terminal through physical improvements and enhanced contracts, the deal is also a macro bet on growing US oil exports. On that front, Chief Financial Officer Sean Brown sees analysts growing more bullish on long-term oil production from the Permian, even
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
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- 5/17/24 - Form DEFA14A
- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- TSLA's page on the SEC website