ADNOC Gas Surpasses Q2 Net Income Guidance with Strong Operational Performance

ADNOC Gas plc delivered net income of $665 million in Q2 2026, exceeding its guided range of $400-600 million. This achievement reflects strong operational performance in a challenging operating environment.

The company took Final Investment Decisions on major growth projects and awarded engineering, procurement, and construction (EPC) contracts for Phases 2 and 3 of the Rich Gas Development project. These investments will expand ADNOC's natural gas processing capacity and unlock lasting value for shareholders.

As part of its long-term growth strategy, ADNOC Gas aims to reach a 60% EBITDA growth by 2030. This target represents an upgrade from the previously communicated goal of more than 40% over 2023-2029.