Norway's Stolt-Nielsen beats Q3 revenue, profit estimates

Stolt-Nielsen

01/10/2026 07:14

Overview
Norway shipping and logistics firm's Q3 revenue rose about 11% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Net profit for Q3 beat analyst expectations, helped by Avenir LNG stake sale

Outlook
Company says global supply chain visibility remains limited, with focus shifting to resilience
Co anticipates average net fleet growth of 4% annually in 2026-28, which it says introduces a degree of uncertainty as new vessels are delivered 
Co says it expects Stolt Tankers’ Q4 underlying performance to be slightly softer than Q3 

Result Drivers
AVENIR LNG SALE - Q3 net profit included $15.4 mln gain from sale of 50% stake in Avenir LNG
TANKERS PERFORMANCE - Stolt Tankers earnings fell yr/yr as higher freight rates were offset by lower volumes and increased bunker costs
TERMINALS UTILISATION - Stolthaven Terminals saw increased utilisation and higher operating profit yr/yr

Company press release: ID:nGNE5sHtH7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$776.5 mln
$761.22 mln (5 Analysts)
Q3 EPS
Beat
$1.59
$1.16 (5 Analysts)
Q3 Net Income
Beat
$84.4 mln
$61.50 mln (5 Analysts)
Q3 EBITDA
Beat
$194.1 mln
$191.82 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy"
Wall Street's median 12-month price target for Stolt-Nielsen Ltd is NOK372.50, about 0.4% below its September 30 closing price of NOK374.00
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Sept 29 - Shell-led LNG Canada greenlights Phase 2 expansion, doubling export capacity
Sept 28 - Tullow Oil swings to positive free cash flow as Ghana output, higher oil prices drive growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)