Adnoc Gas reports record Q2 profit despite weaker price environment Investing.com -- Adnoc Gas on Wednesday reported a 16% increase in second-quarter net profit to $1.39 billion on Wednesday, reaching a new quarterly record despite challenging market conditions. The Abu Dhabi-owned company saw its earnings before interest, taxes, depreciation and amortization (Ebitda) climb 8% to $2.26 billion compared to the same period last year. Adnoc Gas attributed its positive results to growing domestic gas sales, which increased 3% year-on-year. The company’s divisional earnings from domestic gas operations rose 23% to $920 million. Looking ahead, Adnoc Gas raised its full-year 2025 guidance, now expecting an Ebitda margin of around 36%, up from its previous forecast of approximately 35%. The company also revised its domestic gas sales projection to between 2,410 trillion and 2,450 trillion British thermal units, higher than its earlier guidance of 2,340 trillion to 2,370 trillion BTU. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Adnoc Gas first-quarter net income outperforms market expectations Investing.com -- Adnoc Gas, the gas company owned by Abu Dhabi, reported a first-quarter net income of $1.27 billion, marking a 7% increase. This figure surpassed market predictions of $1.13 billion, as per the estimates put together by Visible Alpha. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw an increase, rising 4% year-on-year to reach $2.16 billion. The growth in performance was primarily fueled by domestic gas demand and the efficient handling of planned shutdowns. Adnoc Gas also reported that total sales experienced an uplift due to robust economic growth in the United Arab Emirates. As part of its future strategies, the company continues to make investments to reach its long-term EBITDA growth target, which is set at over 40%. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. ADNOCGAS: is this perennial leader facing new challenges? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is ADNOCGAS one of them?

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