ADNOC Gas reports $665 million net income in Q2 2026, advances major gas project

ADNOC Gas plc announced its second-quarter 2026 results, achieving a net income of $665 million. This figure surpassed the company's guidance range of $400-600 million, despite facing exceptional external disruptions during the period. The company highlighted a significant milestone in executing its long-term growth strategy by making Final Investment Decisions (FIDs) and awarding engineering, procurement, and construction (EPC) contracts for Phases 2 and 3 of its Rich Gas Development (RGD) Project.

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, described the moment as defining for the company. She stated, "With the final investment decision and contract awards for the Rich Gas Development Project, we are not only accelerating one of the world's largest gas-processing growth programs - we are raising our ambition, targeting 60 percent EBITDA growth by 2030." These strategic investments are expected to substantially increase ADNOC Gas's natural gas processing and export capabilities.

The company's strategic investments are designed to unlock lasting value and enhance its market position. By advancing the RGD Project, ADNOC Gas aims to secure future growth and meet increasing global demand for natural gas. The successful FID and contract awards signal strong execution of the company's expansion plans and underscore its commitment to achieving ambitious financial targets.

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This is a defining moment for ADNOC Gas. With the final investment decision and contract awards for the Rich Gas Development Project, we are not only accelerating one of the world's largest gas-processing growth programs - we are raising our ambition, targeting 60 percent EBITDA growth by 2030.