FINWIRES · TerminalLIVE
FINWIRES

ADX:ADNOCGAS

14 stories mentioning ADX:ADNOCGASUpdated 3d ago

Every FINWIRES story that references ADX:ADNOCGAS, newest first.

What are analysts saying about ADX:ADNOCGAS?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on ADX:ADNOCGAS?

Equities

BofA: Adnoc Gas Poised to Gain from Higher Oil, Gas Prices; EBITDA Estimates Up

BofA Global Research is optimistic on Adnoc Gas' (ADX:ADNOCGAS) long-term growth story amid expectations of higher oil and gas prices over the near term, according to its MENA Oil and Gas & Utilities report published Wednesday."ADNOC Gas stands to benefit from a stronger commodity backdrop, with our commodities team raising its Brent assumptions to US$83/bbl for 2026 (fromUS$76/bbl) and US$75/bbl for 2027 (from US$70/bbl previously)," analysts wrote. "Spot LNG prices have also moved higher and, with around 20% of LNG volumes exposed to spot markets, ADNOC Gas offers additional leverage to improving gas fundamentals. We estimate that a US$5/bbl change in oil prices impacts EBITDA by c.4.6%, assuming a corresponding move in LPG and LNG prices."The research firm increased its 2026 and 2027 EBITDA forecasts by 3% and 10.1%, respectively, as it took into account the company's results for the second quarter of 2026, higher oil price assumptions for 2027, and management's updated guidance on volumes and margins."The company is also supported by an attractive 5.5% dividend yield. Despite elevated capex and ongoing shipping disruptions, we see no risk to dividend sustainability, with operating cash flow expected to comfortably fund distributions. Higher oil prices and stronger volumes through the remainder of 2026 should support a meaningful recovery in earnings," BofA added.The buy rating on the stock was maintained, with a price objective 4.1 Emirati dirhams.

ADX:ADNOCGAS
Asia Markets

UAE Shares in Red as Geopolitical Jitters, Volatile Oil Prices Remain in Focus

Stocks in the United Arab Emirates closed lower on the first trading day of the week as uncertainty surrounding the reopening of the Strait of Hormuz and fluctuating oil prices dampened sentiment.At the close of Monday trading, the FTSE ADX General Index lost 0.101%, while the DFM General Index was down 0.73%."Oil prices remain supported by uncertainty surrounding the Strait of Hormuz. While US President Donald Trump said Washington is 'semi-negotiating' with Iran, suggesting a focus on economic pressure rather than military escalation, significant hurdles remain before any broader agreement is reached," ING analysts said. "Reports indicate that Iran and Oman are nearing an agreement on a shipping route through Hormuz, though a full reopening of the waterway is still likely to depend on progress in US-Iran talks."As of 3:45 pm UAE time, the Brent crude oil futures stood at nearly $84.803 per barrel, up 1.50% from the previous day.Zooming in at home, the Abu Dhabi Securities Exchange recorded a 3.7% year-over-year growth in total trading volume in the first half, achieving a market capitalization of 2.8 billion Emirati dirhams and net positive inflows of 1.4 billion dirhams."In H1 2026, we continued to expand market access, strengthen infrastructure, and introduce innovations and solutions to enable local and international investors to participate in our market more efficiently and in a more timely manner. The results reflect an agile platform designed for resilience, sustainable growth, and long-term value creation," Abu Dhabi Securities Exchange Group Chief Executive Officer Abdulla Salem Alnuaimi commented.Over to corporates, Adnoc Gas (ADX:ADNOCGAS) gained 0.59% at closing and was the Abu Dhabi bourse's most traded stock by value and volume. The natural gas distribution company's profit for the first half fell 34% year-on-year due to export disruptions amid ongoing regional developments in the Middle East.Emirates Investment Bank (DFM:EIBANK) logged a lower profit of 11.1 million dirhams for the period. Shares of the Dubai-listed lender were flat at the time of closing.

^DFMGI^FADGIADX:ADNOCGASDFM:EIBANK
Equities

BofA Notes Adnoc Gas Q2 Beat, Upgraded FY30 Outlook; Buy Rating Maintained

BofA Global Research reiterated Adnoc Gas (ADX:ADNOCGAS) at buy, with a price objective of 4.10 Emirati dirhams, highlighting the United Arab Emirates-based integrated gas company's better-than-expected second-quarter performance and upgraded full-year 2030 guidance."ADNOC Gas now targets c.60% EBITDA growth by 2030 versus 2023 (previously c.40% by 2029), underpinned by c.45% volume growth and [final investment decision on rich gas development's phase 2 and 3]. This is supported by ADNOC's exit from OPEC+ constraints and progression towards 5 [million barrels per day] production capacity, providing greater visibility on feedgas availability and de-risking ADNOC Gas's growth targets. [Capital expenditure] guidance for 2026-30 has increased to US$28bn from US$20bn. Also, pre-FID Bab Gas Cap development is excluded from both the new EBITDA target and capex guidance, providing further potential upside," according to a Monday note."Despite the heavier investment programme, management expects operating cash flow to more than cover its 5% annual dividend growth policy through 2030, with balance-sheet capacity sufficient to fund capex. We see the upgraded long-term targets as supportive, as it explains the higher capex and de-risk growth and reaffirms estimates," analysts added.The research firm also noted that Adnoc Gas' net income for the three months ended June 30 of $664.6 million came in 5% ahead of consensus and 1% behind BofA's forecast. Meanwhile, the company's revenue for the three months was $3.11 billion, which surpassed consensus and BofA estimates by 9% and 4%, respectively.

ADX:ADNOCGAS
Adnoc Gas Doubles Down on Growth Projects Amid Lower First-half Profit, Revenue
US Markets

Adnoc Gas Doubles Down on Growth Projects Amid Lower First-half Profit, Revenue

Adnoc Gas (ADX:ADNOCGAS) is doubling down on profitability growth and expansion efforts even as its first-half profit and revenue declined year over year amid the regional conflict in the Middle East.The United Arab Emirates-based integrated gas processing company said Monday that profit attributable to owners for the six months ended June 30 stood at $1.74 billion, down from $2.65 billion a year before, while total revenue fell to $7.15 billion from $9.33 billion. Including proportionate consolidation of ADNOC Gas companies joint ventures, revenue amounted to $8.63 billion.For the second quarter, attributable profit dropped on an annual basis to $664.6 million from $1.39 billion, with the company noting that it delivered a "resilient" net income that came in higher than its guidance range of $400 million to $600 million.The results were weighed down by lower domestic gas sales volume, largely driven by the shipping disruption in the Strait of Hormuz due to the conflict.Looking forward, Adnoc Gas expects net income to come in between $600 million and $800 million in the third quarter, assuming continued disruption in maritime routes through the Strait of Hormuz. For full-year 2026, the company forecasts net income in the range of $3.5 billion to $4.0 billion.In terms of shareholder returns, the board approved a dividend of 0.045 Emirati dirham per share for the second quarter. The company also reaffirmed its progressive dividend policy, aiming for an annual dividend growth of 5% through 2030.Meanwhile, Adnoc Gas announced that it took on final investment decisions on its on rich gas development project. The company awarded a total of $8.2 billion in engineering, procurement and construction contracts for the second and third phases to expand key processing units in a bid to increase throughput and improve operational efficiency."This is a defining moment for ADNOC Gas. With the final investment decision and contract awards for the Rich Gas Development Project, we are not only accelerating one of the world's largest gas-processing growth programs - we are raising our ambition, targeting 60% EBITDA growth by 2030," Chief Executive Officer Fatema Al Nuaimi said in an earnings release. "These strategic investments will significantly expand our natural gas processing and export capacity, unlock lasting value for our shareholders, and position ADNOC Gas at the heart of the UAE's energy future."

ADX:ADNOCGAS
Equities

Adnoc Gas Eyes New LNG Export Facility on UAE's East Coast

Adnoc Gas (ADX:ADNOCGAS) is looking into building a new liquefied natural gas export facility on the east coast of the United Arab Emirates, Bloomberg News reported Monday, citing the company's Chief Financial Officer Peter van Driel.The plan, which has not been finalized, would lower the Emirati gas distribution company's reliance on the Strait of Hormuz for exports.

ADX:ADNOCGAS
Equities

Adnoc Gas Renews Al Ramz Capital as Liquidity Provider

Adnoc Gas (ADX:ADNOCGAS) renewed Ramz Capital's appointment as a liquidity provider for its shares for one year.The investment company will continue to independently trade the natural gas distribution company's stock on the Abu Dhabi Securities Exchange under defined parameters, according to a Monday release.The appointment may be extended by up to two additional 12-month renewal periods.

ADX:ADNOCGAS
Equities

Adnoc Gas Posts Lower H1 Profit, Revenue

Adnoc Gas (ADX:ADNOCGAS) said Monday that its profit and revenue for the first half of 2026 fell year over year.Profit for the six months ended June 30 was $1.74 billion, compared with $2.65 billion earlier. EPS moved to $0.023 from $0.037.The Abu Dhabi-listed natural gas distribution company's revenue was $7.15 billion, compared with $9.33 billion a year ago.Meanwhile, the board approved a dividend of 0.045 Emirati dirham per share for the second quarter.Adnoc Gas expects full-year 2026 net income to range from $3.5 billion to $4.0 billion. For the third quarter, net income is expected to range between $600 million and $800 million.

ADX:ADNOCGAS
Equities

Abu Dhabi Securities Exchange Adds Six Single Stock Futures to Derivatives Market

The Abu Dhabi Securities Exchange Group said it listed six new single stock futures, expanding its derivatives offering to 17 futures and 50 contracts.The new futures are linked to Adnoc Gas (ADX:ADNOCGAS), Adnoc Drilling (ADX:ADNOCDRILL), Adnoc Logistics & Services (ADX:ADNOCLS), Presight AI (ADX:PRESIGHT), Sharjah Islamic Bank (ADX:SIB), and Two Point Zero Group (ADX:2POINTZERO), according to a release dated Monday and filed with the exchange Tuesday.The stock exchange operator will also remove daily price limits on its exchange-traded funds and futures contracts, effective Aug. 3.

ADX:2POINTZEROADX:ADNOCDRILLADX:ADNOCGASADX:ADNOCLSADX:PRESIGHTADX:SIB
Asia Markets

UAE Shares Close Higher Ahead of Eid Holidays as US-Iran Deal Hopes Lift Sentiment

Stocks in the United Arab Emirates are heading into the holidays on a positive note, buoyed by optimism of a potential agreement between the US and Iran.At the close of Monday trading, the FTSE ADX General Index added 0.453%, while the DFM General Index was up 1.136%. The bourses will remain closed from Tuesday until Friday in observance of Eid Al Adha holidays.US President Donald Trump said in a social media post that talks with Iran are moving forward in an "orderly and constructive" manner and that he directed his representatives not to rush into a deal. Trump also stated that the Strait of Hormuz blockade will remain in place until an agreement is signed.Meanwhile, Iranian Foreign Ministry spokesman Esmaeil Baghaei said that a framework was reached with the US on certain issues, but it does not mean that a deal is imminent."We've been at this stage before, only for talks to break down. Therefore, the market will likely be more cautious about overreacting to these headlines," ING said. "The US suggests that any final deal could take several days. Meanwhile, local Iranian media claims that the US is still blocking some key Iranian demands. Obviously, the big unknown is how the US and Iran will resolve their differences on Iran's nuclear programme."Back home, Abu Dhabi National Oil Co, or Adnoc, was reportedly involved in the transport of oil and gas shipments through the Strait of Hormuz by switching off its vessels' transponders, Bloomberg News reported.Amid a quiet day on the corporate side, FAB Securities reiterated Adnoc Gas' (ADX:ADNOCGAS) buy rating with a price target of 4.30 Emirati dirhams after the natural gas distribution company's decline in its first-quarter net attributable profit exceeded the financial services firm's estimate. Its shares closed the session 2.39% higher.Over in Dubai, Sukoon Insurance (DFM:SUKOON) launched a new platform enabling its customers to navigate products and access claims information in a matter of minutes. Shares of the insurance company ended the session flat when it last traded on April 21.

^DFMGI^FADGIADX:ADNOCGASDFM:SUKOON
Equities

FAB Keeps Adnoc Gas at Buy After 'Resilient' Q1 Results

FAB Securities maintained its investment opinion on Adnoc Gas (ADX:ADNOCGAS) as it took note of the natural gas distribution company's first-quarter earnings."We maintain our BUY rating on ADNOCGAS with a target price of AED 4.30. ADNOC Gas delivered a resilient operational and financial performance in 1Q26, despite a challenging geopolitical backdrop that disrupted regional trade activity and export operations," analysts said in a Monday note. "The temporary closure of the Strait of Hormuz during March 2026 materially impacted LNG, LPG and Naphtha exports, resulting in lower sales volumes and softer earnings during the quarter. However, the Company continued to benefit from its integrated infrastructure, operational flexibility and resilient domestic gas business," FAB added.The Abu Dhabi-listed company logged a 15% year-over-year decline in first-quarter net profit to $1.08 billion, surpassing the research firm's $1.01 billion estimate. Adnoc Gas' net revenue decreased 13.6% annually to $4.03 billion, compared with FAB Securities' $4.06 billion forecast.

ADX:ADNOCGAS
Equities

Adnoc Gas Targets 80% Restoration of Abu Dhabi Site by 2026-end

Adnoc Gas (ADX:ADNOCGAS) expects to restore 80% of processing capacity at its site in Habshan, Abu Dhabi, by the end of 2026, following two security-related incidents in April.The natural gas distribution company said Tuesday with its first-quarter results that the site is currently operating at 60% capacity, with full restoration targeted for 2027.

ADX:ADNOCGAS
Asia Markets

Abu Dhabi, Dubai Shares End Lower as Corporate Earnings Remain in Focus

Stocks in the United Arab Emirates ended lower as investors dissected the latest earnings reports from the region to assess the impact of ongoing geopolitical tensions on the companies' profits.At the close of Tuesday trading, the FTSE ADX General Index lost 0.905%, while the DFM General Index shed 0.641%.Adnoc Gas (ADX:ADNOCGAS), Lulu Retail (ADX:LULU), and Abu Dhabi Aviation (ADX:ADAVIATION) all recorded lower first-quarter attributable profits. Stocks of Adnoc Gas and Lulu Retail closed the session 2.96% and 3.30% in the red, respectively, while Abu Dhabi Aviation gained 0.58%.Over to Dubai, Deyaar Development (DFM:DEYAAR) and Talabat's (DFM:TALABAT) attributable profits for the period also dropped year over year. Deyaar Development shed 1.10%, while Talabat lost 1% at the close of trading.Conversely, Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa, logged a higher attributable profit for the quarter and an 8.18% year-over-year growth in revenue. Its shares closed 2.96% in the green."DEWA delivered an exceptional start to 2026, achieving its highest-ever first-quarter revenue, EBITDA, operating profit and net profit. Consolidated net profit for the first quarter increased by nearly 90% compared with the same period last year, while clean energy accounted for 18.5% of total power generated during the quarter. We had a record quarterly revenue of AED 6.45 billion, EBITDA of AED 2.88 billion, operating profit of AED 1.29 billion and net profit of AED 0.94 billion," Dewa's Chief Executive Officer Saeed Mohammed Al Tayer commented.Across the pond, US President Donald Trump is set to meet his Chinese counterpart, Xi Jinping, this week. The two leaders are expected to discuss tensions over Iran, Taiwan, nuclear weapons, and artificial intelligence."President Trump warned the ceasefire with Iran is 'on life support' after Tehran's counterproposal. Brent crude is trading around USD105/bbl this morning, extending gains from yesterday's session. Trump is reportedly meeting his national security team to consider next steps, including a possible resumption of military action and a renewed naval mission in the Strait of Hormuz. The conflict is also likely to be on the agenda when he meets President Xi Jinping this week," Danske Bank said.

^DFMGI^FADGIADX:ADAVIATIONADX:ADNOCGASADX:LULUDFM:DEWADFM:DEYAARDFM:TALABAT
Equities

Adnoc Gas Posts Lower Q1 Profit, Revenue

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.

ADX:ADNOCGAS
Equities

Adnoc Gas Confirms Habshan Complex in Abu Dhabi Attacked Last Week

Natural gas distributor Adnoc Gas (ADX:ADNOCGAS) said Thursday that its Habshan complex in Abu Dhabi was attacked on April 8.The operations at the gas processing hub were temporarily halted as the company worked to put out several fires. The company noted that supply is substantially restored and it is "engaging with customers on a case-by-case basis."Adnoc Gas is evaluating the impact and the costs of damage to the facilities involved, it added.

ADX:ADNOCGAS

Track with the FINWIRES app suite

FolioX
FolioX
Track ADX:ADNOCGAS in your portfolio
WheelAI
WheelAI
Analyze ADX:ADNOCGAS options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ADX:ADNOCGAS