07:59 AM EST, 11/05/2025 (MT Newswires) -- Rockpoint Gas Storage (RGSI.TO) reported Wednesday lower net earnings in its fiscal second quarter ended Sept. 30, but still declared an inaugural quarterly dividend.

The company posted net earnings of US$45.8 million, down from $48.7 million recorded a year ago but up 89% when excluding a one-time deferred tax benefit in the prior period.

Adjusted EBITDA rose 27% to $83.2 million while adjusted gross margin climbed to $101.3 million from $82.8 million. Distributable cash flow increased to $48.0 million from $45.3 million.

Rockpoint declared a quarterly dividend of $0.22 per class A share, payable Dec. 31 to holders of record as of Dec. 15.

"In the quarter, our business benefited from enhanced volatility and low natural gas prices, especially in our Alberta markets, led by the start-up of LNG Canada operations coupled with higher production targeting liquids-rich natural gas," chief executive officer Toby McKenna said. "We expect these two new trends to continue and contribute to enhanced storage value."