(Reuters) -Intercontinental Exchange ( ICE ) reported a rise in adjusted profit for the first quarter on Thursday as volumes hit a record on surge in energy markets trading.

The conflict in the Middle East has resulted in a reshaping of the global commodities and energy markets, significantly raising volatility as investors assess the impact of shifting supply chains.

Energy trading volumes surged a record 27% with gains across segments, including oil, gasoil as well as other crude and refined products. Natural gas average daily volumes jumped 34%, including record options.

Trading across other markets was also robust with agriculture and metals climbing 11%, helped by a record 47% surge in cocoa trading volume.

Prices of the commodity behind chocolate have soared to all-time highs as supply tightened after years of poor harvests.

Total average daily volumes at ICE jumped 16% to hit a record in the first quarter. Consolidated net revenue rose 21% to $2.3 billion.

While U.S. initial public offerings are expected to rebound this year as capital market volatility settles, the post-debut performance of newly listed companies has been uneven, prompting some caution from investors.

Listings revenue fell 4% to $122 million.

The company's flagship New York Stock Exchange hosted the IPOs of several high-profile companies in the first quarter, including social media firm Reddit and Wilson tennis racket maker Amer Sports.

ICE's adjusted first-quarter net income rose to $852 million, or $1.48 per share compared with $791 million, or $1.41 per share, a year earlier.

(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)