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ADX:ADNOCLS

35 stories mentioning ADX:ADNOCLSUpdated 12d ago

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Equities

BofA: Adnoc Logistics & Services to See Robust Q3 Earnings Amid 'Exceptionally Strong' Tanker Rates

BofA Global Research expects Adnoc Logistics & Services (ADX:ADNOCLS) to deliver a robust earnings performance in the third quarter of 2026, supported by "exceptionally strong" tanker rates for vessels passing through the Strait of Hormuz."We continue to view management's revised guidance following the 2Q26 results as conservative and forecast 102% EBITDA growth and 185% net income growth in 2026E, well ahead of guidance for mid-60% EBITDA growth and high-110% net income growth. Our estimates are based on average shipping rates achieved so far in 3Q26, alongside a normalization of Integrated Logistics operations by 4Q26," analysts said in a MENA Oil and Gas & Utilities report published Wednesday. "While we assume tanker rates normalize from late 4Q26 and return to historical levels in 2027, any prolonged geopolitical disruption would provide further upside to earnings."The research firm also views Adnoc Logistics as likely to upgrade its medium-term guidance, bolstered by its fleet expansion efforts and growing exposure to contracted liquefied natural gas and gas shipping.The buy rating on the stock was reiterated, with a price objective of 8.6 Emirati dirhams. BofA noted that the company is among its top picks in the sector heading into the fourth quarter.

ADX:ADNOCLS
Research

International Securities Boosts Adnoc Logistics & Services PT, Keeps at Buy

International Securities on Wednesday increased the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 8.29 Emirati dirhams from 6.15 dirhams, while maintaining its buy rating.

ADX:ADNOCLS
Equities

Adnoc Logistics & Services to Buy Two LNG Vessels for $444 Million

Adnoc Logistics & Services (ADX:ADNOCLS) said Tuesday it will buy two liquefied natural gas carriers from Jiangnan Shipyard in Shanghai, China, for $444 million.The order, with delivery set for 2029, will bring the energy maritime logistics company's LNG carrier fleet to 24. The vessels are poised to be deployed on long-term charters following delivery.

ADX:ADNOCLS
Equities

United Securities Revises Adnoc Logistics & Services Price Target After Q2 Earnings Beat

United Securities LLC updated its price target for Adnoc Logistics and Services (ADX:ADNOCLS) to 7.50 Emirati dirhams following the company's second-quarter earnings.The energy maritime logistics company's second-quarter revenue came in at $2.6 billion, "significantly above" United Securities' estimates, according to a Monday note. Net profit was $951 million, against the research firm's forecast of $381 million."The company raised its 2026 earnings guidance for the third time during the year, supported by the continued strong performance of the shipping business. Management now expects mid 20% growth (vs low single digit growth) in revenue and high 110% growth (vs high 60% growth) in net profit," analysts said. "Based on the current results and guidance, we increase our 2026e revenue forecast to USD 6.3bn (from USD 5.1bn) and raise our net profit to USD 1.9bn from USD 1.4bn. Revenue, profitability and margins substantially exceeded our forecasts."The stock's hold rating was unchanged.

ADX:ADNOCLS
Equities

FAB Revises Adnoc Logistics & Services Price Target After 'Strong' Q2 Performance

FAB Securities revised its price target for Adnoc Logistics & Services (ADX:ADNOCLS) to 7.65 Emirati dirhams, with an unchanged buy rating on the stock, following the United Arab Emirates-based energy maritime logistics company's second-quarter results."ADNOC L&S delivered a strong 2Q26 performance, driven primarily by a significant improvement in Shipping, supported by elevated tanker TCE rates, stronger ADNOC-related activity and fleet additions. Shipping is expected to remain the key earnings driver through 2026, with the Company upgrading segment revenue growth guidance to mid-80% YOY and EBITDA growth to low-190% YOY, reflecting stronger-than-expected tanker market conditions," analysts said Friday. "Overall, the combination of elevated tanker rates, strong ADNOC-related activity, significant fleet expansion, improving Integrated Logistics volumes and substantial contracted revenue provides strong visibility for earnings growth."The company's second-quarter net profit attributable to equity shareholders climbed to $917 million from the year-ago $229 million, surpassing the research firm's forecast of $355 million. Revenue also increased over the period.The stock's price target stood at 6.70 dirhams as of May 25, according to FAB's website.

ADX:ADNOCLS
Research

Arqaam Capital Lifts Adnoc Logistics & Services' PT, Keeps at Buy

Arqaam Capital on Thursday raised the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 7.80 Emirati dirhams from 7.50 dirhams and affirmed its buy rating.

ADX:ADNOCLS
Research

Barclays Boosts Adnoc Logistics & Services' PT, Keeps at Overweight

Barclays on Wednesday raised the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 7.90 Emirati dirhams from 7.00 dirhams and affirmed its overweight rating.

ADX:ADNOCLS
Equities

Cantor Fitzgerald Boosts Adnoc Logistics PT, Maintains at Overweight

Cantor Fitzgerald on Tuesday raised the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 8.50 Emirati dirhams from 7.50 dirhams and kept its rating at overweight.

ADX:ADNOCLS
Equities

BofA Expects Estimates Upside to Adnoc Logistics & Services on Guidance Upgrade, 'Exceptionally Strong' Q2 Results

BofA Global Research flagged an upside to estimates for Adnoc Logistics & Services (ADX:ADNOCLS), based on the company's newly upgraded guidance and "exceptionally strong" second-quarter results."The mid-point of the new guidance on EBITDA/Net Income is higher by 20%/50%+ versus BofA/consensus. Investors are likely to discount part of the current shipping windfall given its linkage to the Hormuz disruption; however, we believe the earnings story extends beyond this," the research firm said Tuesday. "We therefore see a combination of exceptional near-term shipping earnings and a structurally higher medium-term earnings base, with the broad-based guidance upgrade providing further confidence in the outlook."Analysts also noted that the United Arab Emirates-based energy maritime logistics company' surpassed its expectations for second-quarter revenue, EBITDA and net income. They also expect the solid results to continue as the situation related to the disruption in the Strait of Hormuz, which supported increased activity for the company, persists.The buy-rated stock's price objective is 7.60 Emirati dirhams.

ADX:ADNOCLS
Asia Markets

Emirati Indices Close Lower as US-Iran Hormuz Deal Optimism Fades

Stock trading in the United Arab Emirates ended in the red again on Tuesday as optimism for a US-Iran deal to reopen the Strait of Hormuz dimmed, sparking concerns of prolonged supply disruptions.At the close of trading, the FTSE ADX General Index shed 0.763%, while the DFM General Index lost 0.359%.US President Donald Trump said in a post on the Truth Social platform that he is demanding Iran pay compensation for people killed in war and protests and that the condition would be put "firmly" into all future negotiations. Trump's statement came after Iran asked the US for war damages to reopen the Hormuz waterway."By this point, you'd think markets would be largely immune to headlines about a US-Iran deal. The pattern keeps repeating - initial enthusiasm when negotiations appear promising, only for that optimism to dissipate just as quickly. Yet the oil market remains very headline-driven, which leaves prices whipsawing," ING said. "Current rhetoric suggests any potential deal is still some way off, meaning risks remain skewed to the upside for oil prices."Back home and on the corporate front, Adnoc Logistics & Services (ADX:ADNOCLS) gained 3.61% and was the Abu Dhabi bourse's most traded stock by value at closing. The energy maritime logistics company reported a higher first-half attributable profit of $1.12 billion, driven by strong growth in its shipping segment and improved operating leverage.Over in Dubai, National Central Cooling (DFM:TABREED), d/b/a Tabreed's, attributable profit for the first six months declined due to higher financing costs and additional interest expenses related to acquisition-related debt. Its shares closed the season 0.41% lower.On the economic calendar is the release of the July consumer price index report on Wednesday. The data, released by the US Bureau of Labor Statistics, provide investors with insights into the US Federal Reserve's next interest rate move.

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Adnoc Logistics Lifts 2026 Guidance Again as Profit Soars in First Half
US Markets

Adnoc Logistics Lifts 2026 Guidance Again as Profit Soars in First Half

Shares in Adnoc Logistics & Services (ADX:ADNOCLS) rose Tuesday morning after the energy maritime logistics company raised its full-year 2026 guidance as its first-half profit more than doubled year over year.Attributable profit of the state-owned Abu Dhabi National Oil Co. unit for the six months ended June 30 rose to $1.12 billion from $409.3 million a year earlier, while revenue jumped to $3.67 billion from $2.44 billion.The company's stock was up more than 2% in early trading in Abu Dhabi.The conflict in the Middle East contributed to stronger demand for shipping and logistics services as trade routes were disrupted, driving charter rates higher. Shipping segment revenue in the first half rose 132% year over year to $2.44 billion.Chief Executive Captain Abdulkareem Al Masabi said, "Strong fundamentals in the shipping market, our disciplined execution, and our ability to quickly respond to volatile market conditions, supported exceptional earnings and cash generation and a record result for the first half of 2026."Adnoc Logistics lifted its full-year 2026 outlook for a third time and now expects a net profit growth of high 110%, compared with the previous guidance of high 60%. Revenue projections were raised to mid 20% growth from low single-digit growth.The upgraded outlook incorporates the "favorable shipping market fundamentals" and "the strong earnings achieved supporting ADNOC Group," the company said.

ADX:ADNOCLS
Equities

Adnoc Logistics & Services Buys 11 Vessels for $1.3 Billion

Adnoc Logistics & Services (ADX:ADNOCLS) will buy 11 vessels for a total investment of $1.3 billion in a mix of secondary market and resale transactions.Amid demand, the energy maritime logistics company said Friday the acquisitions will provide near-term operational and earnings potential and boost the flexibility and resilience of its shipping platform.The acquisition comprises five modern Very Large Gas Carriers and six Very Large Crude Carriers, with nine to be delivered in the third quarter and the remaining two within the last three months of the year.

ADX:ADNOCLS
Research

Citi Lifts Adnoc Logistics & Services' PT, Affirms Buy Rating

Citi on Tuesday raised the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 7.80 Emirati dirhams from 7.50 dirhams and kept its rating at buy.

ADX:ADNOCLS
Equities

Market Chatter: Adnoc Unit Said to Buy Five Very Large Crude Carriers

Adnoc Logistics & Services (ADX:ADNOCLS), a unit of Abu Dhabi National Oil Co., recently acquired five very large crude carriers from Norway-listed tanker company Frontline (FRO.OL) for $590 million, Reuters reported Friday, citing three sources familiar with the matter.According to the report, the company bought three tankers built in 2015 for $120 million each and two 2012-built tankers for $115 million apieceAdnoc Logistics and Services toldit does not comment on rumors and speculations, saying it "continually reviews its fleet requirements and strategic growth opportunities."Frontline did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ADX:ADNOCLS$FRO.OL
Research

BOC International Lifts Adnoc Logistics & Services' PT, Keeps at Buy

BOC International on Wednesday raised the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 7.30 Emirati dirhams from 7.00 dirhams and affirmed its rating at buy.

ADX:ADNOCLS
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
Equities

Goldman Sachs Boosts Adnoc Logistics & Services' PT, Keeps at Buy

Goldman Sachs on Tuesday increased the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 7.50 Emirati dirhams from 6.70 dirhams and affirmed its buy rating.

ADX:ADNOCLS
Equities

Adnoc Logistics' Crude Tankers Attacked in Strait of Hormuz

Adnoc Logistics & Services (ADX:ADNOCLS) said its crude oil tankers Al Bahyah and Mombasa B were attacked as they passed through the Strait of Hormuz early on Tuesday.The attacks resulted in one death and several injuries, according to a same-day release from the energy maritime logistics company. The vessels suffered significant damage in the attacks. The company said it is working closely with emergency responders and other stakeholders.

ADX:ADNOCLS
Research

Arqaam Capital Raises Adnoc Logistics & Services' PT, Keeps Buy Rating

Arqaam Capital on Monday increased the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 7.50 Emirati dirhams from 7.00 dirhams and reiterated its buy rating.

ADX:ADNOCLS
Equities

Adnoc Logistics & Services Awards $900 Million LNG Carriers Contract to China's Jiangnan Shipyard

Adnoc Logistics & Services (ADX:ADNOCLS) awarded a $900 million contract to Chinese shipbuilder Jiangnan Shipyard for four additional liquefied natural gas carriers.The vessels, each with a capacity of 175,000 cubic meters, are slated for delivery in 2029, according to a Friday release. The energy maritime logistics company previously took delivery of six such carriers from Jiangnan Shipyard.Adnoc Logistics & Services noted that the four new vessels, along with eight others being developed at Samsung Heavy Industries and Hanwha Ocean, take its total newbuild liquefied natural gas carrier program to 18 vessels.

ADX:ADNOCLS

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