Norway's Stolt-Nielsen Q1 profit misses expectations on freight rate weakness

Stolt-Nielsen

09/04/2026 07:10

Overview

Norway shipping and logistics group's Q1 revenue rose and beat analyst expectations

Q1 adjusted EBITDA was a slight beat, while EPS and net income missed consensus

Outlook

Company says it is activating operational and financial levers amid elevated market uncertainty

Company is closely monitoring Middle East conflict and its impact on global supply chains

Result Drivers

TANKER FREIGHT RATES - Stolt Tankers' increased spot and contract volumes were offset by weaker freight rates, resulting in a 15% drop in TCE earnings and lower operating profit

TERMINALS PERFORMANCE - Stolthaven Terminals delivered strong and steady results, with stable utilisation and rate increases offsetting inflationary cost increases

TANK CONTAINERS COMPETITION & COSTS - Stolt Tank Containers' shipments rose 31% but operating profit fell to breakeven before integration costs, due to a tough competitive environment and $5.1 mln Suttons integration costs

Company press release: ID:nGNE6S7861

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$716.8 mln
$681.8 mln (5 Analysts)
Q1 EPS
Miss
$0.89
$0.96 (5 Analysts)
Q1 Net Income
Miss
$47.5 mln
$51.02 mln (5 Analysts)
Q1 EBITDA
Slight Beat*
$180.8 mln
$179.97 mln (6 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 1 "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 NOK330.00, about 1.8% below its April 8 closing price of NOK336.00

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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.)