05:30 PM EST, 02/27/2025 (MT Newswires) -- Pembina Pipeline ( PBA ) was up 0.7% in US after-hours trade Thursday as it reported weaker fourth-quarter earnings and said it does not expect any material near-term impacts from proposed U.S. tariffs "given the highly contracted, take-or-pay nature of its business".

The oil and gas processing and infrastructure company said it earned $572 million, or $0.92, in the period, down 18% from $698 million, or $1.21, in the year-prior quarter, on weaker results from its pipeline and marketing divisions.

Net revenue rose 21% to $1.38 billion from $1.14 billion.

Pembina reported record quarterly adjusted EBITDA of $1,254 million, and record quarterly adjusted cash flow from operating activities of $922 million, or $1.59 per share.

The board of directors declared a common share cash dividend for the first quarter of 2025 of $0.69 per share to be paid on March 31 to shareholders of record on March 17.

On 2025 guidance, Pembina noted that in December it announced a 2025 adjusted EBITDA guidance range of $4.2 billion to $4.5 billion, which relative to 2024 reflects the impacts of continued volume growth across the Western Canadian Sedimentary Basin, new assets acquired or placed into service, and the full year impact of the consolidation of the Alliance and Aux Sable assets, partially offset primarily by the full year impact of the re-contracting of the Cochin Pipeline, and normalization of commodity margins in the marketing business.

Despite proposed tariffs on U.S. energy imports, Pembina does not expect any material near-term impacts given the highly contracted, take-or-pay nature of its business.

Also on Thursday, Kineticor Asset Management said Pembina agreed to acquire a 50% interest in the Greenlight Electricity Centre Limited Partnership, which is developing an 1,800 megawatt power facility in the Alberta Industrial Heartland near Edmonton, Alberta.

The company's shares were last seen up US$0.25 to US$36.60 after hours. They closed up $0.58 to $52.51 on the Toronto Stock Exchange.