ADNOC Gas Third Quarter 2024 Earnings: EPS: US$0.016 (vs US$0.018 in 3Q 2023)

Simply Wall St

November 14, 2024

ADNOC Gas (ADX:ADNOCGAS) Third Quarter 2024 Results

Key Financial Results

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).
EPS: US$0.016 (down from US$0.018 in 3Q 2023).

earnings-and-revenue-growth — ADX:ADNOCGAS Earnings and Revenue Growth November 14th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

ADNOC Gas Earnings Insights

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are up 2.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for ADNOC Gas (1 makes us a bit uncomfortable!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.