ADNOC Gas reported third-quarter net income of AED4.92 billion ($1.34 billion), more than double the AED2.44 billion recorded in the previous quarter, prompting the company to raise its full-year earnings guidance.
The Abu Dhabi-based company increased its 2026 net-income forecast to at least AED14.69 billion ($4 billion), up from its initial guidance of $3.5 billion to $4 billion.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 70 percent quarter-on-quarter to AED7.46 billion, supported by stronger performance across domestic gas, liquefied natural gas, export-traded liquids and sulphur businesses.
Domestic gas sales increased 20 percent from the previous quarter, while EBITDA from international product sales rose 106 percent. Sulphur-related EBITDA climbed 249 percent.
ADNOC Gas’ board approved a quarterly dividend of AED3.45 billion ($940 million), up 5 percent year-on-year, payable in December.
The company is also advancing a $28 billion investment programme between 2026 and 2030, targeting a 60 percent increase in EBITDA by 2030 compared with 2023.
