06:36 AM EDT, 08/01/2025 (MT Newswires) -- AltaGas ( ATGFF ) on Friday said second-quarter normalized net income doubled, driven by strong performance in its midstream and utilities segments.

Normalized net income was $81 million, or $0.27 per share, up from $41 million, or $0.14 per share. Normalized EBITDA also rose to $342 million from $295 million.

A 23% increase in normalized EBITDA in the midstream segment was driven by strong global exports, higher gas processing volumes and improved earnings from the Mountain Valley Pipeline.

The utilities segment also recorded a 10% increase in normalized EBITDA due to modernization improvements, improved asset optimization and colder weather in Michigan, partially offset by lower retail contributions.

The company reiterated its 2025 full-year guidance of normalized EBITDA of $1.78 billion to $1.88 billion and normalized earnings per share of $2.10 to $2.30.