- Taqa’s net income for the fiscal year was 7.07 billion dirhams, representing a 58% decrease compared to the previous year.
- Total revenue was reported at 55.16 billion dirhams, marking a 6.7% increase from the previous year.
- The decline in net income was attributed to reduced oil and gas production, with a 5.9% decrease year-on-year due to natural production decline and decommissioning activities.
- Revenue growth was supported by strong performance in transmission and distribution sectors and the consolidation of Taqa Water Solutions.
- Net income figures were impacted by one-time items, including the acquisition of a 5% stake in Adnoc Gas and a 1.1 billion dirham deferred tax charge due to new UAE corporate taxation.
- Analyst recommendations included 0 buys, 2 holds, and 1 sell.
A look at Abu Dhabi National Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
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
Abu Dhabi National Energy Company, a global energy player, seems to be positioned with a balanced outlook based on the Smartkarma Smart Scores. While the company’s value and dividend scores indicate a moderate standing, the growth, resilience, and momentum scores suggest a more optimistic long-term perspective. With a diversified portfolio spanning power generation, water desalination, oil/gas operations, pipelines, gas storage, and LNG regas, the company stands as a significant player in the energy sector.
Incorporating factors like growth potential, resilience in challenging environments, and consistent momentum, Abu Dhabi National Energy appears poised for future success in the energy landscape. Investors may find the company’s overall outlook promising, considering its diversified operations and the positive scores across key evaluation metrics.
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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