Upcoming Dividend • Apr 08
Upcoming dividend of د.إ0.043 per share Eligible shareholders must have bought the stock before 15 April 2026. Payment date: 14 April 2026. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Emirian dividend payers (7.1%). Higher than average of industry peers (4.5%). Announcement • Mar 17
ADNOC Gas PLC, Annual General Meeting, Apr 06, 2026 ADNOC Gas PLC, Annual General Meeting, Apr 06, 2026, at 15:00 Arabian Standard Time. Major Estimate Revision • Feb 16
Consensus revenue estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$20.1b to US$23.2b. EPS estimate unchanged from US$0.064 at last update. Oil and Gas industry in United Arab Emirates expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at د.إ4.16. Share price fell 4.0% to د.إ3.57 over the past week. Announcement • Feb 11
ADNOC Gas PLC to Report Fiscal Year 2025 Final Results on Feb 16, 2026 ADNOC Gas PLC announced that they will report fiscal year 2025 final results on Feb 16, 2026 Declared Dividend • Feb 11
Dividend of د.إ0.043 announced Shareholders will receive a dividend of د.إ0.043. Ex-date: 25th March 2026 Payment date: 14th April 2026 Dividend yield will be 4.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has decreased by an average of 6.1% per year over the past 3 years, but has still been somewhat stable with no excessively large reductions to payments. EPS is expected to grow by 2.7% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 10
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$0.067 (up from US$0.065 in FY 2024). Revenue: US$18.5b (down 2.9% from FY 2024). Net income: US$5.17b (up 3.3% from FY 2024). Profit margin: 28% (up from 26% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in Asia. Announcement • Feb 04
ADNOC Gas PLC to Report Fiscal Year 2025 Results on Feb 06, 2026 ADNOC Gas PLC announced that they will report fiscal year 2025 results on Feb 06, 2026 Major Estimate Revision • Jan 21
Consensus EPS estimates increase by 34%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$20.3b to US$19.8b. EPS estimate rose from US$0.066 to US$0.088. Net income forecast to shrink 8.8% next year vs 19% growth forecast for Oil and Gas industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ4.13. Share price was steady at د.إ3.53 over the past week. Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS in line with expectations, revenues disappoint Third quarter 2025 results: EPS: US$0.017 (up from US$0.016 in 3Q 2024). Revenue: US$4.86b (flat on 3Q 2024). Net income: US$1.34b (up 7.6% from 3Q 2024). Profit margin: 28% (up from 26% in 3Q 2024). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. Announcement • Nov 13
ADNOC Gas PLC Announces Dividend for the Third Quarter of 2025, Payable on December 12, 2025 ADNOC Gas PLC announced dividend for the third quarter of 2025. The company is introducing quarterly dividend distributions starting Third Quarter 2025, with an inaugural Third Quarter interim dividend of $896 million to be paid by December 12, 2025. Ex-Dividend date is November 21, 2025. Record date is November 24, 2025. Major Estimate Revision • Aug 16
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$22.7b to US$20.2b. EPS estimate reaffirmed at US$0.06. Net income forecast to shrink 10% next year vs 7.2% growth forecast for Oil and Gas industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ3.99. Share price was steady at د.إ3.36 over the past week. Declared Dividend • Aug 08
First half dividend of د.إ0.086 announced Shareholders will receive a dividend of د.إ0.086. Ex-date: 14th August 2025 Payment date: 3rd September 2025 Dividend yield will be 5.0%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 29% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 07
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: US$0.018 (up from US$0.016 in 2Q 2024). Revenue: US$4.66b (down 4.2% from 2Q 2024). Net income: US$1.39b (up 16% from 2Q 2024). Profit margin: 30% (up from 25% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. Announcement • Aug 06
ADNOC Gas PLC to Report Q3, 2025 Results on Nov 13, 2025 ADNOC Gas PLC announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • May 06
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.017 (up from US$0.015 in 1Q 2024). Revenue: US$4.67b (up 2.4% from 1Q 2024). Net income: US$1.27b (up 7.0% from 1Q 2024). Profit margin: 27% (up from 26% in 1Q 2024). Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) also missed analyst estimates by 78%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. New Risk • May 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Apr 15
Now 22% overvalued Over the last 90 days, the stock has fallen 9.2% to د.إ3.14. The fair value is estimated to be د.إ2.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are forecast to decline by 3.5% per annum over the same time period. Announcement • Mar 24
ADNOC Gas PLC Approves Interim Cash Dividend for the Financial Year Ended on 31 December 2024 ADNOC Gas PLC announced at the AGM held on March 21, 2025, approved the Board of Directors concerning a cash dividend distribution of USD 1,706,190,903 (equivalent to approximately AED 6,265,986,093 amounting to 8.164 fils per share) for the second half of the financial year ended on 31 December 2024, to bring the total cash dividend for the
financial year ended on 31 December 2024 to approximately USD 3,412,381,807 equivalent to AED 12,531,972,186 (amounting to 16.328 fils per share). Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Tasnim Al Mzaini was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 28
ADNOC Gas plc, Annual General Meeting, Mar 21, 2025 ADNOC Gas plc, Annual General Meeting, Mar 21, 2025, at 15:00 Arabian Standard Time. Reported Earnings • Feb 11
Full year 2024 earnings released Full year 2024 results: Revenue: US$19.1b (up 6.5% from FY 2023). Net income: US$5.00b (up 6.0% from FY 2023). Profit margin: 26% (in line with FY 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Oil and Gas industry in Asia. Declared Dividend • Feb 08
Dividend of د.إ0.082 announced Shareholders will receive a dividend of د.إ0.082. Ex-date: 28th March 2025 Payment date: 1st January 1970 Dividend yield will be 4.6%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 2 years and payments have been stable during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. New Risk • Jan 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio). New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio). Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: US$0.016 (vs US$0.018 in 3Q 2023) Third quarter 2024 results: EPS: US$0.016 (down from US$0.018 in 3Q 2023). Revenue: US$4.87b (down 2.1% from 3Q 2023). Net income: US$1.24b (down 7.6% from 3Q 2023). Profit margin: 26% (down from 27% in 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Asia. Buy Or Sell Opportunity • Nov 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.9% to د.إ3.34. The fair value is estimated to be د.إ2.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last year. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 1.1% per annum over the same time period. Announcement • Nov 06
ADNOC Gas plc to Report Q3, 2024 Results on Nov 08, 2024 ADNOC Gas plc announced that they will report Q3, 2024 results on Nov 08, 2024 Major Estimate Revision • Aug 19
Consensus revenue estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$18.7b to US$21.0b. EPS estimate reaffirmed at US$0.06. Net income forecast to shrink 5.6% next year vs 9.1% growth forecast for Oil and Gas industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ3.90. Share price was steady at د.إ3.14 over the past week. Announcement • Aug 07
ADNOC Gas plc to Report Q2, 2024 Results on Aug 09, 2024 ADNOC Gas plc announced that they will report Q2, 2024 results on Aug 09, 2024 Major Estimate Revision • Feb 13
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$19.6b to US$22.2b. EPS estimate increased from US$0.055 to US$0.057 per share. Net income forecast to grow 12% next year vs 11% growth forecast for Oil and Gas industry in United Arab Emirates. Consensus price target of د.إ3.78 unchanged from last update. Share price was steady at د.إ3.11 over the past week. Announcement • Feb 13
ADNOC Gas plc, Annual General Meeting, Mar 29, 2024 ADNOC Gas plc, Annual General Meeting, Mar 29, 2024. Agenda: To consider dividend distribution for the second half of the financial year ended 31 December 2023. Announcement • Feb 12
ADNOC Gas plc to Report Q1, 2024 Results on May 08, 2024 ADNOC Gas plc announced that they will report Q1, 2024 results on May 08, 2024 Announcement • Feb 07
ADNOC Gas plc to Report Fiscal Year 2023 Results on Feb 09, 2024 ADNOC Gas plc announced that they will report fiscal year 2023 results on Feb 09, 2024 Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Khaled Salmeen Salmeen is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 16
ADNOC Gas plc Expects Inaugural Interim Cash Dividend, Payable on 14 December 2023 ADNOC Gas plc announced For the financial year 2023, ADNOC Gas expects to pay its inaugural interim cash dividend of $1.625 billion with payments commencing on 14 December 2023, and a further $1.625 billion in Second Quarter 2024. Following the annual cash dividend payment of $3.25 billion for 2023, the Company expects an annual dividend growth of 5% per share over the next four years, underscoring the strength and visibility of ADNOC Gas' future cash flows. Announcement • Aug 05
ADNOC Gas plc to Report Q3, 2023 Results on Nov 14, 2023 ADNOC Gas plc announced that they will report Q3, 2023 results on Nov 14, 2023 Announcement • May 11
ADNOC Gas plc to Report Q2, 2023 Results on Aug 10, 2023 ADNOC Gas plc announced that they will report Q2, 2023 results on Aug 10, 2023 Announcement • May 06
ADNOC Gas plc to Report Q1, 2023 Results on May 10, 2023 ADNOC Gas plc announced that they will report Q1, 2023 results on May 10, 2023