Core Insights - ADNOC Gas reported its strongest-ever third-quarter profit, highlighting resilient earnings and increasing domestic gas demand despite a softer oil price environment [1] - The company achieved a record Q3 net income of $1.34 billion, an 8% year-on-year increase, with year-to-date earnings reaching $3.99 billion, a 10% increase from 2024 [2] - ADNOC Gas has established itself as a stable cash generator in the UAE, supplying around 60% of the country's natural gas needs and benefiting from long-term contracts and margin improvements [3] Financial Performance - Q3 net income was $1.34 billion, up 8% year-on-year [2] - Year-to-date earnings climbed to $3.99 billion, a 10% increase from 2024 [2] - Quarterly domestic EBITDA reached $914 million, reflecting a 26% increase [2] - Domestic gas sales rose by 4% in the first nine months [6] Shareholder Returns - ADNOC Gas introduced quarterly dividend payments starting with Q3 2025, with an inaugural payout of $896 million scheduled for December 12 [4] - The company extended its 5% annual dividend growth commitment through 2030, aiming to attract income-focused investors [4][5] Market Position and Strategy - ADNOC Gas benefits from a strong cash flow profile, allowing it to fund shareholder distributions and expansion projects without increasing leverage [5] - The company’s business model is insulated from crude oil price volatility, with oil prices averaging $71/bbl in the first nine months of 2025 [3] - Management expressed confidence in ADNOC Gas's stable, high-return potential as the UAE expands industrial output and gas-intensive manufacturing [6]

Core Insights - Hormel Foods Corporation (NYSE:HRL) is recognized as one of the 13 incredibly cheap dividend stocks to invest in [1] - The company has transitioned from a primarily meat-focused business to a broader global branded food enterprise, generating over $12 billion in annual revenue from more than 40 brands worldwide [3] - Hormel Foods is classified as a Dividend King, having increased its dividend payouts for 59 consecutive years, currently offering a quarterly dividend of $0.29 per share with a dividend yield of 4.67% as of September 19 [3] Company Overview - Hormel Foods Corporation is an American multinational food processing company operating through three main segments: retail, foodservice, and international [2] - The retail segment includes well-known brands such as Planters, SPAM, Skippy, Herdez, Jennie-O, and Hormel [2] - The foodservice division supplies products like pizza toppings and bacon to restaurants and other food outlets, while the international business encompasses global sales and investments abroad [2] Financial Performance - The company has evolved significantly, now generating more than $12 billion in annual revenue [3] - Hormel Foods has a strong track record of dividend growth, being a Dividend King with 59 years of consecutive dividend increases [3] - The current quarterly dividend is $0.29 per share, reflecting a dividend yield of 4.67% [3]