05:35 PM EDT, 05/08/2025 (MT Newswires) -- Pembina Pipeline ( PBA ) was up 0.2% in US after hours as it met first-quarter earnings expectations and raised its dividend.

The oil and gas infrastructure and processing company reported first-quarter earnings of $502 million, adjusted EBITDA of $1,167 million, and adjusted cash flow from operating activities of $777 million or $1.34 per share), which compared to $1.42 in the year earlier period.

Earnings per share were $0.80 versus $0.74 a year ago and meeting the FactSet forecast.

The board of directors declared a dividend for the second quarter of 2025 of $0.71 per share, a 3% increase, to be paid on June 30 to shareholders of record on June 16.

On guidance, the company is currently trending towards the midpoint of its 2025 adjusted EBITDA guidance range of $4.2 billion to $4.5 billion.

The company's shares were last seen up US$0.09 to US$39.50 after hours. They closed up $0.31 to $54.86 on the Toronto Stock Exchange.