ADNOC Gas reports net income of $665m in Q2 2026

ADNOC Gas, a subsidiary of ADNOC, has reported a nett income of $665m for the 2nd 4th (Q2) of 2026, outpacing its earlier guidance of $400m–600m, amid what it described arsenic exceptional outer disruption.

The institution cited beardown home state request and resilient operating margins arsenic contributing factors to its performance.

During the quarter, ADNOC Gas approved last concern decisions (FIDs) for Phases 2 and 3 of its Rich Gas Development (RGD) task and awarded related engineering, procurement and operation (EPC) contracts worthy a combined $8.2bn.

Wison Engineering volition undertake Phase 2 for $3.9bn, adding a caller processing bid astatine the Habshan facility, portion Tecnimont secured the $4.3bn declaration for Phase 3 to instal a earthy state liquids fractionation bid astatine Ruwais.

Including the earlier $5bn committedness to Phase 1, brought guardant successful June 2025, full concern successful the RGD task has present risen to $13.2bn.

The institution has acceptable a people to execute 60% EBITDA maturation by 2030 compared with 2023, expanding an earlier projection of much than 40% maturation by 2029.

ADNOC Gas expects to put astir $28bn betwixt 2026 and 2030 to scope these objectives.

ADNOC Gas CEO Fatema Al Nuaimi said: "This is simply a defining infinitesimal for ADNOC Gas. With the last concern determination and declaration awards for the Rich Gas Development Project, we are not lone accelerating 1 of the world's largest gas-processing maturation programs – we are raising our ambition, targeting 60% EBITDA maturation by 2030."

ADNOC Gas besides highlighted its effect to information incidents astatine the Habshan tract successful April.

The institution restored 85% of state supply, exceeding its year-end target. It noted the swift completion of a method appraisal and prioritised information and minimal disruption to customers.

The Board approved a quarterly dividend of $940m, to beryllium paid successful September 2026, and reaffirmed a argumentation of yearly dividend maturation of 5% done to 2030. ADNOC Gas claims to beryllium the largest dividend payer connected the Abu Dhabi Securities Exchange.

The company's 4 large state projects, Ruwais LNG, Maximising Ethane Recovery and Monetisation (MERAM), RGD, and Estidama, are projected to make $13.4bn successful in-country value, with MERAM expected to beryllium delivered successful 2027.

ADNOC Gas indicated that disruption to maritime movements done the Strait of Hormuz constrained immoderate merchandise liftings successful Q2. It reported efforts to negociate these effects done inventory and proviso concatenation measures.

For the 3rd 4th of 2026, the institution forecasts nett income of $600m–$800m, assuming maritime disruptions continue.