Adnoc Logistics & Services Raises 2026 Guidance as Third-quarter Results Jump

05:25 AM EST, 11/12/2026 (MT Newswires) -- Adnoc Logistics & Services (ADX:ADNOCLS) raised its outlook for full-year 2026 after reporting that its attributable profit and revenue more than doubled year over year in the third quarter. The energy maritime logistics company reported on Thursday that for the three months ended Sept. 30, its profit attributable to equity holders increased year over year to $887.2 million from $210.5 million, while its revenue jumped to $3.29 billion from $1.27 billion. "Resilience has defined our performance this year, reflecting the strength of our people and our businesses. Our seafarers and employees continue to deliver energy from the UAE to the world, while our global platform and long-term contracts are generating significant value and returns for our shareholders," said Chief Executive Officer Captain Abdulkareem Al Masabi. Looking ahead, the company now expects growth in the low 360% for net profit and in the low 100% for revenue for full-year 2026. Previously, it expected a year-over-year increase in the high 110% for net profit and mid-20% for revenue. The increase marked the fourth for the company for full-year 2026. Adnoc Logistics attributed the bullish forecast to "favorable" international shipping market fundamentals and strong earnings contributions from maritime logistics services it provides across the Abu Dhabi National Oil Co., or Adnoc, umbrella of companies. Directors of the company approved a cash dividend of 0.0423 Emirati dirham per share for the third quarter, payable to shareholders of record on Nov. 23. Following its latest financial update, Adnoc Logistics shares rose marginally at mid-day trading.