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ADNOC Drilling Company PJSC posted revenue of $3.707 billion in the first nine months of 2026, a 2 percent increase from $3.626 billion a year earlier, the company said in a statement. Net profit attributable to shareholders rose 1 percent to $1.072 billion while EBITDA advanced 2 percent to $1.663 billion with both margins holding steady at 29 percent and 45 percent respectively, according to the filing on the Abu Dhabi Securities Exchange. The performance drew support from higher onshore and offshore activity together with contributions from oilfield services and regional consolidation, the company reported. Operational highlights included 99 percent rig availability and 617 wells drilled compared with 590 in the prior period.[[1]](https://www.thenationalnews.com/business/energy/2026/10/27/adnoc-drillings-nine-month-profit-rises-to-107bn-as-revenue-hits-record/)
The company launched its Drill-to-Operate strategy during the period to extend its offering across the full well lifecycle and generate incremental revenue per well, ADNOC Drilling stated in the announcement on its newsroom. Onshore drilling revenue increased 5 percent year-on-year supported by the consolidation of 30 regional land rigs in Oman and Kuwait through joint-venture acquisitions while offshore revenue rose 4 percent following the addition of new capacity including an AI-enabled island rig deployed in June, the statement showed. A second island rig joined the fleet in the third quarter but did not contribute materially to the period, according to the results. The strategy also encompasses technology-enabled solutions that further diversify the earnings base beyond traditional rig hire.[[2]](https://adnocdrilling.ae/en/news-and-media/news-releases/2026/3q-2026-results)
ADNOC Drilling’s board approved a third-quarter dividend distribution of $350 million equivalent to approximately 8 fils per share, the company announced. This payment comprises a base dividend of $262.5 million together with the first tranche of a discretionary component and is scheduled for the second half of November for shareholders on record as of November 5. Total dividends for 2026 are projected to reach $1.225 billion representing a 22.5 percent increase from the previous year, ADNOC Drilling said. Cash flow from operations stood at $1.303 billion in the nine months with free cash flow at $961 million or $978 million excluding merger and acquisition activity.[[3]](https://www.zawya.com/en/capital-markets/corporate-earnings/adnoc-drilling-posts-1.07bn-profit-launches-new-growth-strategy-1852510)
The company reaffirmed its full-year 2026 guidance targeting revenue of approximately $5 billion, EBITDA around $2.2 billion at a 44 percent margin and net profit near $1.45 billion at a 29 percent margin, according to the update. Free cash flow excluding merger and acquisition items is expected in a range of $1.2 billion to $1.3 billion with capital expenditure around $600 million, the statement indicated. For 2027 revenue growth is projected in the low-to-mid single digits with broadly stable margins although higher depreciation and financing costs are anticipated to constrain net income, ADNOC Drilling noted.[[4]](https://economymiddleeast.com/news/adnoc-drilling-eyes-22-5-percent-dividend-rise-to-1-225-billion-in-2026-as-profit-hits-record-nine-month-revenue-reaches-3-7-billion/)
Established in 1972 as the national drilling company of Abu Dhabi, ADNOC Drilling operates as the region’s largest integrated drilling and oilfield services provider by fleet size and maintains exclusive long-term contracts with ADNOC Upstream that provide revenue visibility, company materials show. The firm supports the national oil company’s target of raising crude production capacity to 5 million barrels per day by 2027 while expanding its own footprint across GCC markets including Oman, Kuwait, Saudi Arabia and Bahrain. Its fleet now exceeds 170 rigs following recent additions and acquisitions that have integrated advanced artificial intelligence solutions to improve efficiency and safety.[[5]](https://adnocdrilling.ae/investor-relations)
In the third quarter revenue reached $1.247 billion with EBITDA at $579 million and net profit at $366 million, the company reported. These figures reflect continued execution of the growth initiatives even as certain activities faced planned phasing, according to the bourse filing. ADNOC Drilling continues to invest in its people, technology and regional presence to sustain performance across its three reporting segments of onshore, offshore and oilfield services.
