---
title: "ADNOC Gas Net Income Surges Amid Project Expansion"
publisher: "Stockmark.IT"
author: "Stockmark.IT Website"
published: "2026-08-12T06:54:24+00:00"
modified: "2026-08-12T06:54:24+00:00"
date: 2026-08-12
canonical: "https://stockmark.it/adnoc-gas-reports-net-income-of-665m-in-q2-2026/"
category: "Business"
categories: ["Business", "Companies", "Gas"]
image: "https://i0.wp.com/stockmark.it/wp-content/uploads/2026/08/adnoc-gas-net-income-surges-amid-project-expansion.png?fit=1536%2C1024&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# ADNOC Gas Net Income Surges Amid Project Expansion

**Published:** August 12, 2026
**Author:** Stockmark.IT Website
**Categories:** Business, Companies, Gas
**Featured image:** ![ADNOC Gas Net Income Surges Amid Project Expansion](https://i0.wp.com/stockmark.it/wp-content/uploads/2026/08/adnoc-gas-net-income-surges-amid-project-expansion.png?fit=1536%2C1024&quality=80&ssl=1)

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ADNOC Gas has announced a net income of $665 million for the second quarter of 2026, significantly exceeding its initial guidance range of between $400 million and $600 million. The subsidiary attributed this strong financial performance to robust domestic demand for gas and resilient operating margins achieved despite exceptional external disruptions affecting global operations during the period.

During the reporting quarter, management approved final investment decisions regarding Phases 2 and 3 of its Rich Gas Development project. Associated engineering procurement and construction contracts were awarded with a combined value of $8.2 billion. Wison Engineering was appointed to execute Phase 2 for $3.9 billion involving new processing train installation at the Habshan facility, while Tecnimont secured a separate contract worth $4.3 billion for Phase 3 focused on natural gas liquids fractionation at Ruwais.

When including an earlier commitment of $5 billion made in June 2025 regarding Phase 1, total investment allocated to the Rich Gas Development project has now reached $13.2 billion. The company has revised its growth targets upward, aiming for a sixty percent increase in EBITDA by 2030 relative to 2023 levels, surpassing previous projections of over forty percent growth by 2029. To achieve these objectives, ADNOC Gas plans to invest approximately $28 billion across the period between 2026 and 2030.

CEO Fatema Al Nuaimi described the current situation as a defining moment for the entity, noting that final investment decisions are accelerating one of the world’s largest gas processing growth programmes while raising ambition targets. The board also approved a quarterly dividend payment of $940 million scheduled for September 2026 and reaffirmed its policy to increase annual dividends by five percent through to 2030.

Operations faced challenges due to security incidents at the Habshan site in April, yet supply restoration reached eighty-five per cent exceeding year-end targets. Furthermore, maritime disruptions within the Strait of Hormuz constrained certain product liftings during Q2, though inventory and supply chain measures helped manage these effects. For the third quarter, net income is forecast between $600 million and $800 million assuming continued disruption.

Looking ahead to full-year 2026, if operations normalise in the fourth quarter and realisations recover, total net income could amount between $3.5 billion and $4 billion. The company continues scaling artificial intelligence and robotics usage across facilities to reduce inspection costs and improve worker safety through automation.

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