Adnoc Gas, an Abu Dhabi-based gas company, has announced that the ongoing closure of the Strait of Hormuz is expected to significantly impact its financial performance. The company estimates a decline in net income for the second quarter of 2026, projecting a loss between $400 million and $600 million. This closure has been a result of escalating tensions and threats from Iran, leading to a blockade by the U.S. Despite these challenges, Adnoc anticipates that higher prices for liquefied natural gas (LNG) and liquefied petroleum gas (LPG) could help mitigate some losses once shipping operations resume. For the full year of 2026, Adnoc expects net income to fall to between $3.5 billion and $4.0 billion, down from a record $5.2 billion in 2025. The company reported a 15% year-on-year decline in net income for the first quarter, totaling $1.08 billion. Nevertheless, Adnoc remains committed to its dividend policy, announcing a quarterly dividend of $941 million and maintaining its goal of 5% annual dividend growth through 2030. Additionally, Adnoc aims for substantial growth in earnings before interest, taxes, depreciation, and amortization (EBITDA) of over 40% from 2023 to 2029.