Showing 9 of 11
  • UAE Flag
    FIRST LOOK NOTES
    07 May 2025
    ADNOC Gas
    BUY
    AED 3.27
    AED 3.93
    +20.18%

    UAE Equity Research - ADNOC Gas 1Q25 - First Look Note

    ADNOCGAS’s total sales volume increased 1.3% YOY to 902 TBTU in 1Q25, despite maintenance activity. The Company anticipates more shutdowns for the remainder of 2025, including two major ones related to tie-ins for new growth projects.
  • UAE Flag
    EARNINGS CALL INSIGHT
    06 May 2025
    ADNOC Gas
    BUY
    AED 3.27
    AED 3.93
    +20.18%

    UAE Equity Research - ADNOC Gas PLC 1Q25 - Earnings Call Insight

    Revenue increased 2.4% YOY to USD 4,670 Mn in 1Q25, driven by higher sales volumes, well-managed shutdowns, and favorable LNG and LPG pricing market conditions. Total sales volume rose 1.3% YOY to 902 trillion British thermal units (TBTU) in 1Q25.
  • UAE Flag
    FIRST LOOK NOTES
    27 Feb 2025
    ADNOC Gas
    BUY
    AED 3.43
    AED 3.93
    +14.58%

    UAE Equity Research - ADNOC Gas PLC 4Q24 - First Look Note

    ADNOCGAS’s total sales volume (excluding ADNOCGAS LNG JV) declined 4.7% YOY to 869 TBTU in 4Q24. The Company expects lower sales volume in 1Q25 primarily due to planned shutdowns to maintain asset integrity and extend asset life.
  • UAE Flag
    EARNINGS CALL INSIGHT
    07 Feb 2025
    ADNOC Gas
    BUY
    AED 3.50
    AED 3.93
    +12.29%

    UAE Equity Research - Adnoc Gas 4Q24 - Earnings Call Insight

    Revenue fell 4.3% YOY to USD 4,771 Mn in 4Q24, due to lower production volumes attributable to planned shutdowns. Total sales volume fell 4.7% YOY to 869 trillion British thermal units (TBTU) in 4Q24. Domestic gas volume declined 3.7% YOY to 567 TBTU in 4Q24. Exports and Traded liquids volume fell to 235 TBTU in 4Q24 compared to 257 TBTU in 4Q23.
  • UAE Flag
    FIRST LOOK NOTES
    14 Nov 2024
    ADNOC Gas
    BUY
    AED 3.35
    AED 3.93
    +17.31%

    UAE Equity Research - ADNOC Gas 3Q24 - First Look Note

    ADNOCGAS’s total production volume (excluding ADNOCGAS LNG JV) declined 2.1% YOY to 876 TBTU in 3Q24. ADNOCGAS increased its guidance for export & traded liquid sales volume from 940-960 TBTU to 970-990 TBTU and for LNG JV products from 240-260 TBTU to 250-270 TBTU in 2024.
  • UAE Flag
    FIRST LOOK NOTES
    12 Oct 2024
    ADNOC Gas
    BUY
    AED 3.11
    AED 3.93
    +26.37%

    Strong revenue growth amid favorable pricing boosted profitability

    ADNOCGAS’s total production volume (excluding ADNOCGAS LNG JV) grew 2.2% YOY to 846 TBTU in 2Q24, driven by an increase in export & trading liquids volume partially offset by a marginal decline in domestic gas volume.
  • UAE Flag
    FIRST LOOK NOTES
    15 May 2024
    ADNOC Gas
    BUY
    AED 3.06
    AED 3.93
    +28.43%

    Higher sales volumes and improved pricing supported profitability

    ADNOCGAS’s total production volume (excluding LNG JV) grew 14.2% YOY to 822 TBTU in 1Q24 driven by an increase in production from Domestic gas and Trading and export products.
  • UAE Flag
    FIRST LOOK NOTES
    19 Mar 2024
    ADNOC Gas
    BUY
    AED 3.18
    AED 3.93
    +23.58%

    Higher production volume and a positive price environment supported profitability

    ADNOCGAS awarded contracts worth USD 4.9 Bn in 2023, with USD 3.6 Bn allocated for expanding gas processing infrastructure in the UAE.
  • UAE Flag
    FIRST LOOK NOTES
    24 Nov 2023
    ADNOC Gas
    BUY
    AED 3.28
    AED 3.93
    +19.82%

    Lower energy prices impacted profit

    ADNOCGAS awarded contracts worth USD 3.6 Bn for UAE gas infrastructure expansion and approved a USD 615 Mn contract for a carbon capture project.

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