{
  "id": 19292125,
  "title": "Adnoc Gas expects 2026 net income to hit at least $4bn as Q3 profit improves on previous quarter",
  "url": "https://urgent.news/2026/11/10/adnoc-gas-expects-2026-net-income-to-hit-at-least-4bn-as-q3-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T05:59:23.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/11/10/adnoc-gas-expects-2026-net-income-to-hit-at-least-4bn-as-q3-profit-improves-on-previous-quarter/"
  },
  "original_language": "en",
  "account": "Adnoc Gas has raised its forecast for its 2026 full-year net income to at least $4 billion, following a strong improvement in Q3 earnings despite the ongoing disruption caused by the Iran war. The company's third-quarter net income reached $1.33 billion, nearly flat annually and double the $664.6 million in the second quarter, according to the Abu Dhabi Securities Exchange. Revenue for the period fell by nearly 10% annually to $4.38 billion. Ongoing maritime disruption through the Strait of Hormuz continued to create challenging conditions for Adnoc Gas, but the company's operational strength and commercial agility allowed it to meet domestic and international demand while driving strong financial results. Adnoc CEO Fatema Al Nuaimi emphasized the company's resilience in meeting demand despite challenging external conditions. The Q3 net income marked a significant improvement from the previous quarter's $664.6 million, and Adnoc Gas raised its full-year 2026 net income guidance to at least $4 billion, compared to the previous estimate of $3.5 billion to $4 billion. The company remains subject to developments in regional maritime conditions, which continue to be closely monitored. Domestic gas sales volumes declined by 19% annually to 513 trillion British thermal units (Tbtu) due to reduced reinjection gas and ethane offtake, while sales gas volumes remained broadly flat year-on-year. While export and traded liquids sales decreased by 28% annually, they increased by 69% on a quarterly basis, driven by improved shipping activities. However, high gas and naptha prices, coupled with ongoing maritime disruptions, limited Adnoc Gas's ability to fully capitalize on higher market prices. The Iran war and subsequent attacks on energy infrastructure in the Middle East also impacted Adnoc Gas's operations.",
  "summary": "Adnoc Gas has raised its forecast for its 2026 full-year net income to at least $4 billion, after the company's third quarter earnings improved on the previous quarter despite the disruption caused by the Iran war. Net income for the three months to the end of September reached $1.33 billion, nearly flat annually and up about double from $664.6 million in the second quarter, Adnoc Gas said in a…",
  "key_points": [
    "Adnoc Gas forecasts 2026 net income of at least $4 billion",
    "Q3 net income reached $1.33 billion, double Q2's $664.6 million",
    "Maritime disruptions from Iran war impact operations"
  ],
  "editors_take": "Strong quarterly earnings and improved shipping activities allow the company to raise its long-term profit guidance despite the persistent operational challenges and maritime disruptions caused by regional conflict.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}