Brookfield Renewable Partners (BEP) reported Q4 funds from operations Friday of $0.46 per unit, up from $0.38 a year earlier.

Analysts polled by FactSet expected $0.46.

Revenue for the quarter ended Dec. 31 was $1.43 billion, compared with $1.32 billion a year earlier.

Three analysts surveyed by FactSet expected $1.45 billion.

The company's board of directors raised the quarterly distribution by 5% to $0.373 per unit, payable on March 31 to unitholders of record as of Feb. 28.