Snapshot of ADNOC Gas performance, Q2 2026 earnings forecasts

ADNOC Gas logo

Argaam provides a snapshot of earnings forecasts for ADNOC Gas, a subsidiary of Abu Dhabi National Oil Co. (ADNOC) operating in natural gas processing, utilization and consumption for Q2 2026. The report also covers the evolution of quarterly profits, performance indicators, and profitability.

*Costs reallocated to related parties.

Key events during Q2 2026:

- The company reported an incident at its Habshan complex on April 3, which resulted in limited damage to certain facilities. Supply was largely restored at the Habshan gas processing facility, while the company continues to assess the impacted area, determine the scale of the effect, and estimate costs resulting from the damage to the related facilities.

- The board approved an interim cash dividend of 4.5 fils per share for Q1 2026.

- The company announced it had signed a long-term agreement with Abu Dhabi National Oil Co. (ADNOC) to supply natural gas as primary feedstock to the TA'ZIZ methanol production facility for 25 years, with gas supply scheduled to begin in 2029 on commencement of methanol production. The agreement is valued at over $ 5 billion (AED 18.4 billion), subject to the agreement's terms and relevant operational conditions.

- The general assembly approved an interim cash dividend for shareholders of 4.287 fils per share for Q4 2025

Average research house forecasts for Q2 2026 earnings:

Consensus forecasts indicate the company will report net profit of $ 674 million. The company is covered by eight research firms. The estimate is 45% lower than actual profit for Q2 2025. The following table provides details: