ADNOC Gas Delivers Robust $665 Million Q2 Net Income and Awards $8.2 Billion in Major EPC Contracts to Fuel Long-Term Growth

ABU DHABI - Demonstrating exceptional operational resilience, disciplined capital deployment, and sustained execution of its strategic growth roadmap, ADNOC Gas plc has announced its financial results for the second quarter of 2026, delivering a net income of $665 million (AED 2.44 billion). The robust performance surpassed the company's previously communicated guidance range of $400 million to $600 million, driven by strong domestic gas demand, healthy operational margins, and the rapid restoration of upstream processing capacities. The quarterly announcement was marked by a transformative strategic milestone as ADNOC Gas confirmed Final Investment Decisions (FIDs) and awarded $8.2 billion in Engineering, Procurement, and Construction (EPC) contracts for Phases 2 and 3 of its flagship Rich Gas Development (RGD) Project. A $3.9 billion contract for Phase 2 was awarded to Wison Engineering to construct a new natural gas processing train at the Habshan complex, significantly expanding processing throughput and boosting operational flexibility. Concurrently, a $4.3 billion contract for Phase 3 was awarded to Tecnimont to construct an advanced Natural Gas Liquids (NGL) fractionation train at Ruwais, enhancing the recovery of high-value liquids for international export. Combined with the $5 billion previously committed to Phase 1, total capital allocation toward the RGD initiative now reaches $13.2 billion. These strategic project commitments have enabled ADNOC Gas to upgrade…