ADNOC Gas Posts Record Q3 Profit as Domestic Demand and Margins Drive Growth

ADNOC Gas reported its strongest-ever third-quarter profit, underscoring resilient earnings and rising domestic gas demand despite a softer oil price environment. The company posted a record Q3 net income of $1.34 billion, up 8% year-on-year, while year-to-date earnings climbed to $3.99 billion, a 10% increase from 2024. The key driver was the UAE’s accelerating economic expansion, forecast by the IMF to grow 4.8% this year, which lifted domestic gas consumption and helped push quarterly domestic EBITDA t ...