US EditionADNOC Gas Is a Dividend Machine, But the Bill for “Growth” Is Arriving
- In a filing to the Abu Dhabi Securities Exchange on February 09, 2026, ADNOC Gas plc said net income for the year reached a record $5.2 billion, up 3 percent year-on-year.
- Adnoc Gas's domestic unit posted a 10 percent year-on-year EBITDA increase to $3.38 billion, with sales volumes up 4 percent after improved commercial terms.
- Capital spending jumped to $3.6 billion, ADNOC Gas launched phase one of the Rich Gas Development project, and after IGD E2 commissioning, work on the ADNOC Estidama gas-pipeline project advances.
- Management added that the business remains well positioned after confirming a $3.4 billion 2025 dividend, with final $896 million pending AGM, and Fatema Al Nuaimi called 2025 a `defining year`.
- Looking ahead, ADNOC Gas says it is well positioned to capture domestic demand beyond 2026, supplying 60% of UAE sales gas and serving customers in over 20 countries.
26 Articles
26 Articles
ADNOC Gas Is a Dividend Machine, But the Bill for “Growth” Is Arriving
Abu Dhabi’s main gas company, ADNOC Gas, has presented its financials. Again, the gas giant is being sold to investors as the perfect Gulf utility, based on its scale, stability, and domestic demand, and especially on its dividend stream, engineered to feel more like a sovereign coupon than an equity risk. The numbers definitely support the story, as the company’s record full-year net income in 2025 is $5.2bn, which is an increase of 3% in compa…
Adnoc Gas profit down on weaker export prices
Net profit of $1.17bn in fourth quarter In line with analysts’ predictions Ebitda also declines despite sales Abu Dhabi’s Adnoc Gas reported a 15 percent drop in fourth-quarter net profit as higher domestic gas sales failed to fully offset declines in the prices of its export products. The company, a subsidiary of Abu Dhabi National Oil Company, processes natural gas. Its business is split roughly evenly between UAE gas sales and exports of liqu…
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