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Abu Dhabi National Energy Posts Lower Hydrocarbon Output, Asset Availability in Q1

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Abu Dhabi National Energy, a diversified utilities and energy company, Friday reported year-over-year declines in oil and gas production, and availability of generation assets and transmission network for power and water.

For the quarter ended March 31, oil and gas output dropped to 94,600 barrels of oil equivalent per day, relative to the prior year's 94,900 boe/d. The oil and gas segment generated 992 million UAE dirhams ($270.12 million) in revenue during the period, down from 1.49 billion dirhams a year earlier, largely due to "timing differences" between production and sales, the company said.

The global commercial availability of generation assets, mainly used for the production of electricity and desalinated water, eased year over year to 94.3% from 95.3%. The generation segment contributed 2.75 billion dirhams in revenue, lower than the prior year's 2.89 billion dirhams.

The company attributed these declines to the downtime of Shuweihat 1 power plant, due to construction activities for the extension of the plant.

The availability of the company's transmission network also fell to 98.4% from 98.7%. Nonetheless, the transmission segment's revenue rose to 1.71 billion dirhams in Q1, compared with 1.58 billion dirhams a year ago.

The company's distribution segment recorded higher revenue for the period at 9.09 billion dirhams, up from 8.91 billion dirhams generated in Q1 2025.

The water solutions segment, meanwhile, posted a year-over-year increase in asset availability to 97.2% from 93.7%. Its revenue grew to 683 million dirhams from 665 million dirhams.

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