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Adnoc Gas Posts Lower Q1 Profit, Revenue

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Adnoc Gas (ADX:ADNOCGAS) said Tuesday its profit and revenue for the first quarter fell year over year.

Profit for the three months ended March 31 was $1.08 billion, compared with $1.27 billion a year ago. EPS moved to $0.014 from $0.017.

The Abu Dhabi-listed natural gas distribution company's revenue was $4.03 billion, compared with $4.67 billion earlier.

Meanwhile, the board declared a dividend of 0.045 dirham per share for the quarter, payable June 5 to shareholders of record on May 21.

Looking ahead, Adnoc Gas expects full-year 2026 net income to range from $3.5 billion to $4.0 billion.

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