نظرة على أداء أدنوك للإمداد والخدمات والنتائج المتوقعة خلال الربع الثاني 2026An ADNOC L&S LNG carrier

Argaam highlights the expected Q2 2026 results of ADX-listed ADNOC L&S. The report also covers recent quarterly profit trends, key performance metrics, and profitability indicators.

Quarterly revenue trend – $ mln

Item

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026
(Consensus)

Revenue

1,257.5

1,265.6

1,311.6

1,082.7

1,365.2

Change (%)

+39.8%

+36.3%

+48.8%

(8.4%)

+8.6%
 

 

Quarterly net income development – $ mln

Item

Q2
2025

Q3
2025

Q4
2025

Q1
2026

Q2
2026
(Consensus)

Net income

228.8

205.4

223.8

202.7

418.4

Exceptional items

0.0

0.0

29.2*

0.0

0.0

Net income before one-offs

228.8

205.4

194.6

202.7

418.4

EPS excluding one-offs  (cent/shr)

3.09

2.78

2.63

2.75

5.66
 

*Gain from the disposal of property, plant and equipment of $11.4 million, and charges related to the termination of non-equipped vessel lease contracts of USD 17.9 million.

 

Key developments in Q2 2026:

- The company announced the delivery of the LNG carrier "Al Taweelah," which is the sixth new carrier under its fleet expansion program, with a capacity of 175,000 cubic meters, built at Jiangnan Shipyard, China.

- The board approved an interim cash dividend for shareholders of 4.23 fils per share for Q1 2026.

Consensus forecast for Q2 2026 earnings:

Consensus estimates indicate the group will deliver net profit of $418.4 million, covered by five research firms. This figure is 83% higher than the company's result in the same quarter of 2025, as shown in the following table:

Consensus estimates by research houses – $ mln

Research House

Estimate ($ mln)

Goldman Sachs

626.0

Morgan Stanley

482.8

United Securities

381.0

FAB Securities

355.0

Bernstein

247.0

Consensus estimate

418.4

Net profit before exceptional and non-recurring items (Q2 2025)

228.8

Variance (%)

+83%
 

 

Share Performance

Item

Company

Market

Change YTD

+5.74%

+1.09%

Change (Last 12 months)

+33.48%

(1.91%)

Previous close

6.26

10,101.64

Recurring P/E

15.17

22.41

Trailing 12-Month EPS Excluding Non-Recurring Items (fils/shr)

41.28

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