Stolt-Nielsen Limited released its unaudited results for the third quarter and nine months ending August 31, 2026. The company reported a net profit of $84.4 million with revenues of $776.5 million for the third quarter of 2026, showing a significant improvement compared to a net profit of $64 million and revenues of $699.9 million in the third quarter of 2025. The net profit for the third quarter of 2026 includes a $15.4 million gain from the sale of 50% of its stake in Avenir LNG Limited.
Financial Performance for the First Nine Months of 2026
Net profit for the first nine months of 2026 reached $183.6 million with revenues of $2,243.6 million, while in the same period last year, net profit was $290.6 million and revenues were $2,088.4 million. This profit includes a one-time gain of $75.2 million related to increased investments in Avenir LNG and Hassel Shipping 4.
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Highlights of the Third Quarter 2026 Performance
Highlights of Stolt-Nielsen's performance for the third quarter of 2026 are as follows:
- Consolidated EBITDA of $194.1 million, compared to $191.7 million last year.
- Earnings per share (EPS) increased to $1.59, improved from $1.20 last year.
- Stolt Tankers reported operating profit of $52.1 million, down from $57.2 million last year.
- Average TCE (Time Charter Equivalent) revenue reached $24,121 per operational day, down from $24,838.
- Stolthaven Terminals improved with operating profit of $27.1 million, compared to $26.3 million last year.
- Stolt Tank Containers increased operating profit to $13.1 million, up from $11.7 million last year.
- Other segments, including Stolt Sea Farm and Stolt-Nielsen Gas, reported operating profit of $8.5 million, down from $14.2 million last year.
Udo Lange, CEO of Stolt-Nielsen, stated: "I am pleased to report that our underlying operational performance is nearly in line with last year and has improved compared to the previous quarter, despite challenging economic conditions. Global supply chains are complex, and our visibility remains limited. Customer discussions have shifted from supply chain efficiency to its resilience. Our portfolio allows us to provide flexibility in transportation, storage, and intermodal solutions to support our customers' logistics needs.
During the quarter, Stolt Tankers' revenues decreased year-on-year but remained stable compared to the previous quarter, while average freight rates were offset by reduced volumes and higher fuel costs. Stolthaven Terminal improved year-on-year with increased utilization and operating profit. Stolt Tank Containers continues to integrate the Sutton business and is expanding scale, product offerings, and market access.
Stolt-Magnus also faced an attack off the coast of Oman in July. We are insured and expect minimal financial impact on the company, and more importantly, we are pleased that there were no injuries to our crew and the cargo was secured. During the quarter, we completed the sale of 50% of our stake in Avenir LNG to NYK Line, which established a strategic partnership to accelerate growth in the small-scale LNG and LNG bunkering sectors.
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