ADNOC Gas posted a sharp profit recovery in Q3 2026, doubling net income to $1.34 billion and raising its full-year guidance to $4 billion, supported by a 5% year-on-year dividend increase.
Q3 2026 net income doubled to $1.34 billion from $665 million in Q2, EBITDA jumped 70% to $2.03 billion, and full-year 2026 net income guidance was raised to at least $4 billion. The board also approved a $940 million quarterly dividend, up 5% year-on-year. These hard, above-earlier figures support a higher share price.
ADNOC Gas reported a strong third-quarter performance, with net income doubling to $1.34 billion from $665 million in the second quarter. The company's EBITDA surged 70% to $2.03 billion, driven by increased domestic sales and international exports, leading management to raise its full-year 2026 net income guidance to at least $4 billion.
Net income reached $1.34 billion, double the $665 million of the previous quarter, with EBITDA up 70% to $2.03 billion.
The board approved a quarterly dividend of $940 million, up 5% year-on-year, payable in December 2026, in line with a target to raise the dividend 5% annually through 2030.