Earnings report 📈 Stocks 🌍 United Arab Emirates

ADNOC Gas Net Income Hits $1.34 Billion as Full-Year Guidance Raised

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.

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1 assets impacted (Stocks). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: ADNOCGAS ↑ 6/10 (85% confidence).

📊 Affected Assets (1)

ADNOCGAS
Bullish 🤖 85%
📅 Short-term 🌍 AE · Explicit

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.

Catalysts
  • ▲ Q3 2026 net income doubled quarter-on-quarter to $1.34 billion with EBITDA up 70% to $2.03 billion
  • ▲ Full-year 2026 net income guidance raised to at least $4 billion
Risk Factors
  • ▼ LNG flows through the Strait of Hormuz remain severely disrupted, challenging gas exports
  • ▼ Outlook for Hormuz LNG exports depends on regional maritime conditions

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🎯 Key Takeaways

  • Q3 2026 net income reached $1.34 billion, doubling from $665 million in the second quarter.
  • EBITDA rose 70% quarter-on-quarter to $2.03 billion, with sulfur segment EBITDA surging 249%.
  • Full-year 2026 net income guidance was raised to at least $4 billion.
  • The board approved a $940 million quarterly dividend, marking a 5% year-on-year increase payable in December 2026.
  • Domestic gas sales volume increased by 20% quarter-on-quarter.

📝 Executive Summary

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.

❓ FAQ

How much did ADNOC Gas earn in the third quarter?

Net income reached $1.34 billion, double the $665 million of the previous quarter, with EBITDA up 70% to $2.03 billion.

What dividend will shareholders receive?

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.