- Taqa’s net income for the third quarter rose 27% year-over-year to 2.37 billion dirhams, compared to 1.87 billion dirhams last year.
- Revenue slightly decreased by 0.4% year-over-year to 14.42 billion dirhams, falling short of the 14.76 billion dirhams estimates.
- The company reported a gross profit of 3.29 billion dirhams, experiencing a marginal decline of 0.3% compared to the previous year.
- Earnings per share stood steady at 0.020 dirhams, matching the previous year’s figure.
- The nine-month revenue increase was mainly due to higher pass-through revenue in the Transmission and Distribution segment.
- The net income for the nine months was affected by lower contributions from the Oil & Gas segment, attributed to expected production declines and non-recurring factors.
- Taqa plans to distribute an interim cash dividend of 0.75 fils per share for the third quarter.
- Analyst recommendations include 0 buys, 0 holds, and 2 sell ratings.
A look at Abu Dhabi National Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts assessing Abu Dhabi National Energy‘s long-term outlook have evaluated key factors using the Smartkarma Smart Scores system. With moderate scores across Value, Dividend, Growth, Resilience, and a slightly higher score in Momentum, the overall outlook appears stable with some positive momentum. The company, known for its global presence in energy sectors including power generation, water desalination, and oil/gas operations, maintains a balanced outlook based on these metrics.
Abu Dhabi National Energy, a well-diversified energy firm with operations spanning power generation, water desalination, and oil/gas activities, showcases a steady outlook according to the Smartkarma Smart Scores. While scoring moderately in Value, Dividend, Growth, and Resilience, the company exhibits a slightly stronger position in Momentum. This suggests a stable trajectory with room for growth and resilience in the face of market challenges, positioning Abu Dhabi National Energy as a company to watch in the global energy landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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