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Adnoc Gas Reports Record Quarterly Surge and Raised Profit Outlook

Tue, Nov 10, 2026(8h ago)Finance

Adnoc Gas has delivered a stellar performance for the third quarter of 2026, with net income surging by 101% to reach $1.34 billion, up from $665 million in the previous quarter. This significant financial leap has prompted the energy giant to raise its full-year profit forecast to at least $4 billion. Driven by strong results across its domestic gas, LNG, and sulphur segments, the company’s EBITDA climbed 70% to $2.03 billion. CEO Fatema Al Nuaimi credited this momentum to the firm’s operational agility and a consistent ability to meet both local and international demand, even amidst a complex and challenging global landscape.

Beyond its immediate earnings, the company is doubling down on its commitment to shareholders by announcing a $940 million quarterly dividend, marking a 5% year-on-year increase. As the largest dividend payer on the Abu Dhabi Securities Exchange, Adnoc Gas is prioritizing long-term value through a massive growth program. This strategy includes four major megaprojects—such as the Ruwais LNG and Rich Gas Development initiatives—which are expected to drive a 60% increase in EBITDA by 2030. Furthermore, the company is aggressively integrating AI and robotics into its infrastructure, aiming to enhance efficiency and achieve substantial cost savings as it transitions into an "AI-native" operation.

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