Qatar's Nakilat Sees 1.58% Drop in 9-Month Profit

Qatar Gas Transport Company (Nakilat) reported a 1.58% decline in net profit for the first nine months of 2026, with earnings falling to QR1.29bn ($354m) from QR1.31bn in the same period last year, the Qatar News Agency (QNA) reported Tuesday.

Qatar Gas Transport Company (Nakilat) reported a 1.58% decline in net profit for the first nine months of 2026, with earnings falling to QR1.29bn ($354m) from QR1.31bn in the same period last year.

The company's financial results published on the Qatar Stock Exchange showed earnings per share fell to QR0.23 for the period ending Sep. 30, 2026, compared with QR0.24 a year earlier. Nakilat chief executive Abdullah Al Sulaiti said the company continued to support Qatar's energy transportation sector despite ongoing regional conditions and their impact on marine services.

 These services include ship repair, shipping agency operations and marine towing, according to a company statement. Al Sulaiti said Nakilat had introduced targeted cost-control measures while maintaining the stability of its core activities and ensuring high levels of operational reliability across its fleet. "We reaffirm our firm commitment to serving our customers under all circumstances.

Nakilat plays a crucial role in Qatar's energy sector, which is a significant contributor to the country's economy. The company's performance is closely watched by investors and industry analysts.

Qatar is one of the world's largest exporters of liquefied natural gas (LNG), and Nakilat's fleet of vessels is essential for transporting LNG to global markets. The company's financial performance is closely tied to the global energy market and regional geopolitical conditions.