Financial Performance and Strategy news (page 9)

19 March 2026

QatarEnergy: Missile strikes cut LNG export capacity 17%, $20bn annual loss

Missile strikes at Ras Laffan damaged LNG Trains 4 & 6; repairs may take 3–5 years with force majeure on contracts. Pearl GTL offline ≥1 year; condensate, LPG, naphtha and helium production affected.
19 March 2026

OMV and ADNOC delay BGI listing, exchange offer and capital increase to 2027

Timing aligned to a 2027 capital increase; 2026 dividend cut will lower parent payout by ~€0.6–0.7/sh (payout USD250m vs USD500m). Further support measures possible.
19 March 2026

ADNOC and OMV advance formation of Borouge Group International AG

Agreement allows marketing of B4 volumes, adds ~$400M net over 3 years (~10% EPS accretion), supports 16.2 fils dividend, targets strong credit ratings; transactions close ~Mar 2026.
19 March 2026

Iberdrola hits 11 GW U.S. generation capacity

Nearly 100 U.S. facilities across 25 states, capacity meets >7M Americans; added 850 MW recently. Plans €16B investment (2025-28) for grids and new generation.
19 March 2026

Eni proposes €1.5bn buyback program and cancellation of purchased treasury shares

Board seeks shareholder approval May 6 to buy up to 303M shares through Apr 2027; up to 5.1M for LTIP; purchases limited to ±10% of prior session price; currently holds 86.8M (2.9%).
19 March 2026

Eni reorganises Plenitude ownership, prompting deconsolidation

Raise ~€1.5bn via non‑pro rata issue (pre‑money €10.75bn). New joint control; major holder ~65%. Funds to back 15 GW and 15M customers by 2030. Subject to approvals.

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