ADNOC Gas posts record Q3 profit on rising UAE gas demand, improved margins

ADNOC Gas reported the strongest third-quarter results in its history, delivering $1.34 billion in net income—an 8% year-over-year increase—driven by robust domestic gas demand and improved commercial terms. Year-to-date profit reached $3.99 billion, up 10% from 2024, despite lower average oil prices.

The company’s domestic gas segment posted particularly strong performance, with Q3 EBITDA rising 26% to $914 million. ADNOC Gas attributed the gains to the UAE’s accelerating economic growth—forecast by the IMF to reach 4.8% in 2025—and a 4% increase in domestic gas sales volumes over the first nine months of the year. Structural margin improvements following contract renegotiations also contributed to the uplift.

“Our record results in the third quarter and strong year-to-date performance are a testament to the resilience and adaptability of our operating model,” said Fatema Al Nuaimi, CEO of ADNOC Gas. “Despite lower oil prices, we continue to deliver strong returns driven by operational excellence and more favorable commercial agreements.”

The company emphasized that predictable cash flows remain a core strength, supporting both capital investment and an expanded shareholder returns program. ADNOC Gas introduced quarterly dividend payments beginning in Q3 2025 and extended its commitment to a 5% annual dividend increase through 2030. The inaugural interim dividend of $896 million will be distributed on Dec. 12.

ADNOC Gas highlighted that its disciplined balance sheet and cash generation position it well for long-term growth as the company continues to invest in capacity expansion and reliability across its integrated gas operations.