Abu Dhabi-based ADNOC Gas and its subsidiaries reported a net income of USD 1.1 billion for Q1 2026, highlighting strong operational performance and robust financial health. The company successfully met domestic customer needs while efficiently managing logistics, inventory, and supply chains to lessen the effects of ongoing export disruptions caused by the Iran conflict and the blockade of the Strait of Hormuz.
The company generated USD 572 million in free cash flow while registering a cash flow of USD 4.2 billion on its balance sheet.
“ADNOC Gas’s strong financial position also enables ongoing investment throughout market cycles, supporting its commitment to meet the 2026 dividend outlook and its policy of annual dividend growth at 5% until 2030. The Board approved a quarterly dividend of USD 941 million, set for payment in June 2026,” the company remarked.
Regarding the Q1 2026 results, Fatema Al Nuaimi, Chief Executive Officer (CEO) of ADNOC Gas, stated, “This quarter was shaped by exceptional external disruption, and our priorities were clear: protect our people and assets, maintain safe domestic supply, and protect shareholder value through disciplined execution. Our Q1 results demonstrate resilience, supported by rigorous cost management and a solid balance sheet. As we manage the disruption to maritime movements through the Strait of Hormuz, the long-term foundations of ADNOC Gas remain intact. Demand growth in the UAE – supported by continued industrial expansion – and increased flexibility associated with the UAE’s evolving production framework reinforce our confidence in ADNOC Gas’ strategy and dividend commitment.”
ADNOC Gas’ balance sheet strength and disciplined capital allocation have continued to underpin the business’ resilience. Despite the ongoing Iran war, which saw the Middle East’s energy infrastructure come under attack, the company’s long-term growth ambitions remain intact, with its targeted EBITDA growth of over 40% between 2023 and 2029 unchanged.
Talking about ADNOC’s domestic prospects, the company sees boosting demand, with the signing of the USD 5 billion supply contract with TA’ZIZ, which will be covering activities like offtake, feedstock and sales across the latter’s chemicals portfolio. ADNOC, too, made a USD 55 billion investment pledge in local manufacturing under the “Make it in the Emirates” initiative.