ADNOC Gas Q1 Net Income Beats 5%

Q1 revenue hit $5.0 bn, EBITDA $1.8 bn (+4% beat) and net profit $1.1 bn (+5% beat) despite export disruptions.
Export volumes fell 20% YoY to 202 TBTU, with Abu Dhabi LNG JV volumes down 32% after Strait of Hormuz closure.
Management projects FY net income $3.5‑$4.0 bn and raises capex guidance to $4.5‑$5.0 bn, citing supply‑chain pressures.
Goldman Sachs called results resilient, maintaining a Buy rating, while the stock slipped 1.17% after release.