ADNOC Gas Doubles Quarterly Profit to AED4.92 Billion, Raising Full-Year Outlook

Strong performance across domestic gas, LNG and international operations propels ADNOC Gas to revised guidance of AED14.69 billion for 2026, with the company reinforcing its position as a leading energy provider and dividend payer.

The rhythm of ADNOC Gas’s performance this year has quickened into something altogether more assured. In the third quarter of 2026, the company recorded net income of AED4.92 billion, a figure that doubled the profit achieved in the preceding three months and reflected sustained momentum across its integrated portfolio of operations.

This acceleration reflects disciplined execution and the resilience of an organisation operating across multiple domains: domestic gas, liquefied natural gas, export-traded liquids and sulphur production. Fatema Al Nuaimi, Chief Executive of ADNOC Gas, attributed the results to strong execution across all business segments, whilst acknowledging that operational strength and commercial agility had enabled the company to meet both domestic and international demand despite continued external headwinds.

The uplift in quarterly performance prompted the company’s leadership to raise full-year guidance to at least AED14.69 billion in net income for 2026, a significant increase from the original projection of between AED13.1 billion and AED15 billion. EBITDA for the quarter reached AED7.46 billion, a rise of 70 percent from the prior quarter, with domestic gas sales climbing 20 percent and international product EBITDA expanding by 106 percent.

The Board has approved a quarterly dividend of AED3.45 billion, payable in December 2026, representing a five percent year-on-year increase and maintaining the company’s commitment to annual dividend growth through 2030. This distribution reflects both the company’s financial strength and its disciplined capital allocation strategy. Over the first nine months of 2026, ADNOC Gas generated AED14.03 billion in cash from operations, comfortably covering year-to-date dividend distributions by a multiple of 1.3 times.

Behind these financial measures lies an ambitious expansion programme that extends to 2030 and beyond. Four megaprojects are driving growth: Rich Gas Development, Ruwais LNG, Maximising Ethane Recovery and Monetisation, and Estidama. Together they are forecast to generate AED49.21 billion in In-Country Value, anchoring the company’s target of increasing EBITDA by 60 percent by 2030 compared with 2023 levels. In the quarter just passed, Phase 3 of Rich Gas Development commenced construction, whilst first gas reached Maximising Ethane Recovery and Monetisation facilities. At Ruwais LNG, the first two main refrigeration compressor trains were installed, a technical milestone toward full commissioning.

Beyond conventional expansion, ADNOC Gas is embracing artificial intelligence and autonomous systems to enhance safety and operational efficiency. Control rooms at Bu Hasa and Taweelah now employ AI-powered decision-making, whilst autonomous inspection robots improve productivity and real-time situational awareness. As we reported in October, ADNOC continues to channel its industrial momentum into broader manufacturing opportunities across the Emirates, creating pathways for suppliers and partners to benefit from the energy sector’s transformation. These technology investments are expected to unlock more than AED3.31 billion in value creation by 2030 whilst bolstering the company’s operational autonomy.

What it means for Abu Dhabi

ADNOC Gas’s strengthened financial performance and raised guidance reflect the health of the UAE’s energy sector and its importance to the broader economy. The company’s growing cash generation and dividend commitments support wealth creation for shareholders and underpin capital investment in one of the world’s most significant gas development programmes. The four megaprojects are not merely corporate expansion; they represent a material commitment to advancing the UAE’s industrial base through In-Country Value creation, supporting local manufacturing and supplying critical energy and feedstock to downstream industries.

The deployment of artificial intelligence and robotics across operations signals how energy companies are shaping the future of industrial production in the emirate. As we noted at ADIPEC 2026, energy sector demand is becoming a catalyst for domestic industrial growth, with substantial procurement opportunities flowing to local suppliers and manufacturers. ADNOC Gas’s commitment to technology-enabled operations strengthens Abu Dhabi’s position as a centre of industrial innovation whilst creating skilled employment across the energy and adjacent sectors.