Adjusted EBITDA increased by 69% to $121.0 million in the three months ended March 31, 2013 compared to $71.8 million in the three months ended March 31, 2012.

Segment profit increased by 62% to $127.0 million in the three months ended March 31, 2013 compared to $78.4 million in the three months ended March 31, 2012, with increases in all of the company’s segments.

The company is divided into six business segments: terminals and pipelines; truck transportation; environmental services; propane and NGL marketing and distribution; processing and wellsite fluids; and marketing.

The strongest segment in terms of percentage increases is marketing, which rose from $9.956 million a year ago to $29.489 million for the first quarter. Marketing also became the largest segment in terms of value, surpassing terminals and pipelines, and truck transportation.

In early May, the company received committed support from a large oil sands producer for a 500,000-bbl oil storage tank at Hardisty Terminal. This is the fourth large storage tank to be announced in the past seven months for a combined total of 1.7 million bbl of new storage capacity.

Gibson’s share price on the Toronto Stock Exchange was up C$1.06 to $27 at presstime, with the 52-week range at C$19.82-C$27.16.