05:24 PM EST, 02/26/2026 (MT Newswires) -- Pembina Pipeline ( PBA ) after trade on Thursday reported lower fourth-quarter profit and revenue.

The oil and gas infrastructure and processing company earned $489 million, or $0.78 per share, in the period, down from $572 million, or $0.92, a year ago. FactSet expected $0.72 per share.

Revenue fell to $1.91 billion from $2.15 billion in the year-ago quarter. FactSet projected $2.21 billion.

Adjusted EBITDA for the quarter ended Dec. 31 was $1.08 billion, down from $1.25 billion a year ago.

The company said its board declared a cash dividend for the first quarter of 2026 of $0.71 per share, to be paid on March 31 to shareholders of record on March 16.

Pembina also said it approved two pipeline-expansion projects worth about $425 million to handle rising production in northeast British Columbia and Alberta.

The company's shares closed down $0.21 to $60.19 on the Toronto Stock Exchange.