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ADNOC Gas Reports 7% Income Growth Amid LNG Deals

5/5/2025

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Summary

Story summary

ADNOC Gas achieved a 7% year-over-year growth in net income, reaching $1.27 billion for Q1 2025.
EBITDA increased by 4% to $2.16 billion, reflecting strong domestic gas demand amid UAE's economic growth.
The company secured $9 billion in LNG supply agreements with Indian Oil Corporation and JERA Global Markets.
Capital expenditures rose by 43% as ADNOC Gas invests to achieve long-term EBITDA goals.

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Story summary

ADNOC Gas achieved a 7% year-over-year growth in net income, reaching $1.27 billion for Q1 2025.
EBITDA increased by 4% to $2.16 billion, reflecting strong domestic gas demand amid UAE's economic growth.
The company secured $9 billion in LNG supply agreements with Indian Oil Corporation and JERA Global Markets.
Capital expenditures rose by 43% as ADNOC Gas invests to achieve long-term EBITDA goals.