Abu Dhabi National Oil and Gas Company's net profit in the second quarter exceeded expectations.

The Abu Dhabi National Oil and Gas Company announced its second-quarter net profit, exceeding analysts' average expectations. Second-quarter results: net profit of $665 million, a 52% year-on-year decline; analysts had expected $616.1 million; revenue of $3.62 billion, a 39% year-on-year decline; earnings per share of 0.900 cents, compared to 1.80 cents in the same period last year; EBITDA of $1.19 billion, a 47% year-on-year decline; EBITDA margin of 32.9%, down from 37.9% a year earlier. The Habshan complex's capacity has recovered to 85%, with a recovery pace faster than planned; due to disruptions in the Strait of Hormuz, third-quarter profits are expected to be between $600 million and $800 million; projected profits for fiscal year 2026 are between $3.5 billion and $4 billion; the EBITDA growth target for 2030 has been raised to 60%; total capital expenditures for 2026 are expected to be between $4.5 billion and $5 billion.