OQ Gas Networks SAOG (OQGN) Earnings Call Transcripts

OQ Gas Networks SAOG's Latest Earnings Call - Q1 FY2026

In Q1 2026, OQ Gas Networks SAOG reported a net profit increase of 7.1% year-over-year, driven by heightened construction activity and a growing regulated asset base (RAB). Total income surged by 31%, reflecting strong operational performance and a stable cash flow environment. Management maintained its dividend policy for 2026, signaling confidence in ongoing profitability despite slight increases in borrowing costs. The company remains on track to achieve 90% of its capital expenditure targets for the current price control period, which could positively influence future earnings.

Reported metrics

Guidance from management

Management is confident in achieving 90% of the capital expenditure targets for the current price control period, with a focus on maintaining a stable dividend policy and exploring new growth opportunities.

What management said

And we're also very proudly to say we published our sustainability report for 2025. We encourage all of you to access this report. So it's the annual report is published. The sustainability report is also published. We encourage our -- I encourage all to access those, which are in our website.

I think you said it. So we are confident we'll be finishing the price control within what your estimated 90%. All the projects that we have anticipated have gone ahead. If there's any delay just because either the final FID is not granted by the shipper or maybe there is an optimization after the contracting of the either the scope or we're able to negotiate better deals. So it's just an efficiency and a few of them,...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of growth in the regulated asset base, questioning the potential plateau in natural gas demand. There were also inquiries about future capital expenditure and dividend forecasts beyond 2026.

Main topics on the call

• Revenue Growth — OQGN's total income increased by 31% year-over-year, attributed mainly to increased construction activity. CEO Mansoor Al Abdali noted, "Our net profit also increased by almost 7.1%, which was mainly driven by the increa...
• Dividend Policy — The company announced a dividend payout of OMR 0.0112 for 2026, maintaining an attractive payout ratio. Sultan Al Balushi stated, "This was discussed in detail with the Board... and again, we will keep you posted once we...
• Capital Expenditure Guidance — Management confirmed a total capital expenditure of OMR 294 million for the current price control period, with 60% already incurred. Sultan Al Balushi commented, "We are confident that we can achieve up to, let's say, 90...
• Operational Performance — The company reported zero lost time incidents (LTIs) and strong health and safety performance, achieving 22 million safe working hours. Khalifa Al Makhmari highlighted, "We really hold a strong performance in HSE, and we...

Read the full OQ Gas Networks SAOG transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 7 OQ Gas Networks SAOG earnings call transcripts on record, spanning October 21, 2024 to August 25, 2026. Based on this history, OQ Gas Networks SAOG reports quarterly. The most recent call on file is dated August 25, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OQGN

Exchange

MSM

Country

OM

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

7

First call

October 21, 2024

Most recent

August 25, 2026

Reporting cadence

quarterly