The company exceeded its $400m–600m guidance, driven by robust domestic gas demand and higher operating margins.
ADNOC Gas posted a Q2 2026 net income of $665m, surpassing its earlier guidance of $400m–600m. The company attributed the outperformance to strong domestic gas demand and resilient operating margins amid external disruptions.
The firm also approved final investment decisions for Phases 2 and 3 of its Rich Gas Development project, awarding $8.2bn in EPC contracts. Total investment in the project now stands at $13.2bn, including a $5bn commitment to Phase 1. ADNOC Gas raised its EBITDA growth target to 60% by 2030, up from a prior 40% goal.
ADNOC Gas plans to invest $28bn between 2026 and 2030 to achieve its expanded growth objectives, reflecting confidence in long-term gas market dynamics.