Brookfield Infrastructure Partners (BIP) reported Q4 funds from operations Thursday of $0.82 per unit, up from $0.79 a year earlier.

Analysts polled by FactSet expected $0.78.

Revenue for the quarter ended Dec. 31 was $1.96 billion, compared with $1.87 billion a year earlier.

Analysts polled by FactSet expected $1.95 billion.

The company said its board approved a quarterly dividend of $0.43 per unit, up from the $0.405 dividend per unit in the previous quarter, payable on March 31 to unitholders as of Feb. 28.