ADNOC Logistics: Q3 Results Soar, Fleet Expands
Update: 2025-11-11
Description
ADNOC Logistics and Services reported robust third-quarter results, surpassing analyst expectations by nearly 5% and beating Morgan Stanleys estimates by over 1%. The Integrated Logistics segment led the charge, exceeding forecasts by 6.6% and expanding profit margins by 3.7 percentage points. The Shipping division also contributed significantly, with tanker operations seeing a 10.3% increase in EBITDA due to high daily rates. The company maintained its financial guidance and made strategic fleet adjustments, including adding two new liquefied natural gas carriers and two new ethane carriers, projected to generate $4 billion in long-term revenue.
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