ADNOC Gas has reported a net income of $1.1 billion for the first quarter of 2026, reflecting strong operational performance and stable financial health despite ongoing regional disruptions affecting export operations.

The company said it successfully met domestic customer demand across the UAE while managing logistics, inventories, and supply chains efficiently during the disruption to maritime movements through the Strait of Hormuz.

Chief Executive Officer Fatema Al Nuaimi said the company focused on protecting employees and assets, maintaining safe domestic gas supply, and preserving shareholder value through disciplined execution during the challenging quarter.

ADNOC Gas generated $572 million in free cash flow during Q1 2026 and ended the quarter with $4.2 billion in cash reserves, highlighting the company’s strong balance sheet and financial resilience.

The Board of Directors approved a quarterly dividend payment of $941 million, which is scheduled to be paid in June 2026. The company also confirmed its commitment to annual dividend growth of 5 percent until 2030.

ADNOC Gas stated that its long-term growth strategy remains unchanged, with a target to increase EBITDA by more than 40 percent between 2023 and 2029.

The company remains optimistic about economic growth in the UAE, supported by rising industrial activity and increasing domestic energy demand. ADNOC Gas highlighted the TA’ZIZ $5 billion supply agreement and ADNOC’s $55 billion investment in local manufacturing under the “Make it in the Emirates” initiative as key drivers of future growth.

As the UAE’s largest supplier of gas for power generation and industrial use, ADNOC Gas expects continued demand growth from domestic and industrial customers.

During the quarter, the company also faced two security-related incidents at its Habshan facility on 3rd and 8th April. ADNOC Gas said its operations teams responded quickly by activating safety and continuity protocols to minimise disruptions.

The company restored around 60 percent of the processing capacity at the Habshan complex within a short period and is working to increase restoration to 80 percent by the end of 2026. Full operational capacity is expected to return in 2027.

ADNOC Gas added that a detailed technical assessment of the incidents is nearing completion as work continues in a challenging supply chain environment.