05:34 PM EST, 11/06/2025 (MT Newswires) -- Pembina Pipeline ( PBA ) was up 2% in after-hours New York trading after the company on Thursday reported lower third-quarter profit and revenue while raising its full-year adjusted EBITDA outlook.

The company earned $286 million, or $0.43 per share, in the period, down from $385 million, or $0.60, a year ago. FactSet expected $0.64.

The company said that "the change in earnings was due to the recognition of a gain on the sale of the north segment of Western Pipeline, offset by higher depreciation and amortization due to the decrease in the estimated useful life of an intangible asset."

Revenue for the quarter fell to $1.79 billion, down from $1.84 billion a year ago. FactSet projected $2.07 billion.

The company said that based on year-to-date results and the current commodity price outlook for the remainder of the year, it is updating its 2025 adjusted EBITDA guidance range to $4.25 billion to $4.35 billion, up from its previous $4.225 billion to $4.425 billion.

On the proposed expansion of Alliance Pipeline, the company said that the project could start operations in Q4 2029, pending regulatory approvals, and based on interest received, Alliance plans to hold a binding open season in Q1 2026.

Regarding its 20-year LNG agreement with Petronas, Pembina said that the Cedar LNG project remains on schedule and within budget. Onshore work is also moving ahead, tree clearing for the transmission line is underway, and construction at the marine terminal site continues. Cedar LNG is expected to begin operations in late 2028.

The company's shares were last seen up US$0.75 to US$38.92 after hours. They closed up $0.49 to $53.86 on the Toronto Stock Exchange.