Abu Dhabi:ADNOC Gas plc has announced its financial results for the third quarter of 2026, revealing a net income of AED4.92 billion (US$1.34 billion), which is double the figure recorded in the previous quarter. This impressive increase underscores the company's strong performance across its domestic gas, LNG, export-traded liquids, and sulphur sectors.

According to Wam, the company's CEO, Fatema Al Nuaimi, attributed this success to strong execution across various business units and the ability to meet both domestic and international demand despite challenging external conditions. She emphasized the company's integrated business model and commitment to advanced technologies as key factors in achieving these results.

CFO Peter van Driel highlighted that the robust third-quarter performance led to an upward revision of the company's 2026 net-income guidance to at least $4 billion. This adjustment follows the company's initial full-year guidance of between $3.5 billion and $4 billion. ADNOC Gas' Board has also approved a quarterly dividend of AED3.45 billion ($940 million), aligned with its target of a 5 percent annual increase through 2030.

The company has been proactive in addressing challenges in maritime movements by enhancing inventory, logistics, and supply-chain management in collaboration with customers and partners. ADNOC Gas is advancing its ambitious gas growth program, which includes four major projects expected to generate substantial in-country value and support the UAE's industrial development. These initiatives aim to increase EBITDA by 60 percent by 2030, leveraging planned investments of AED102.83 billion ($28 billion) from 2026 to 2030.