ADNOC Gas reported second-quarter 2026 net income of $665 million, above its earlier guidance range of $400 million to $600 million, and raised its 2030 EBITDA growth target to 60% from its 2023 baseline after taking final investment decisions on the next phases of its Rich Gas Development expansion. The company said it will invest about $28 billion between 2026 and 2030 to support that goal. The group awarded $8.2 billion of EPC contracts for phases 2 and 3 of the Rich Gas Development project, including $3.9 billion to Wison Engineering for a new natural gas processing train at Habshan and $4.3 billion to Tecnimont for a new natural gas liquids fractionation train at Ruwais. Together with the $5 billion first phase announced in June 2025, total investment in the program now stands at $13.2 billion. ADNOC Gas said the expansion will increase processing capacity, improve operational flexibility and lift recovery of higher-value liquids from rich gas for export. It also said the broader gas growth program, spanning Ruwais LNG, MERAM, Rich Gas Development and Estidama, is expected to generate $13.4 billion in in-country value. The company said recovery from the April 3 and April 8 safety incidents at Habshan has advanced ahead of schedule, with 85% of gas supply already restored, exceeding the target set in May for year-end. The board approved a quarterly dividend of $940 million, payable in September 2026, and reaffirmed its policy of 5% annual dividend growth through 2030. ADNOC Gas said disruption to shipping through the Strait of Hormuz affected product shipments in the second quarter. It expects third-quarter net income of $600 million to $800 million on the assumption those maritime disruptions continue, and said full-year 2026 net income could reach $3.5 billion to $4.0 billion if shipping operations fully normalize in the fourth quarter and prices stabilize.