Stolt-Nielsen Limited reported unaudited results for the second quarter ending May 31, 2026.
The company reported a second-quarter net profit of $51.7 million with revenue of $750.3 million, compared with a net profit of $75.2 million with revenue of $712.9 million in the second quarter of 2025. The net profit for the first half of 2026 was $99.2 million with revenue of $1,467.1 million, compared with a net profit of $226.6 million with revenue of $1,388.5 million in the first half of 2025, which included $75.2 million in one-off gains related to the step-up of equity investments in Avenir LNG Limited (Avenir LNG) and Hassel Shipping 4 (HS4).
Highlights for the second quarter of 2026, compared with the second quarter of 2025, were:
Stolt-Nielsen Limited (SNL) consolidated EBITDA' of $177.3 million, down from $210.1 million.
Earnings per share (EPS) was $0.97, down from $1.41. Stolt Tankers reported operating profit of $52.5 million, down from $70.5 million.
Average deep-sea time-charter equivalent (TCE) revenue was $23,372 per operating day, compared to $26,220.
Stolthaven Terminals reported record operating profit of $29.1 million, up from $28.9 million.
Stolt Tank Containers reported an operating loss of $0.3 million, including $4.0 million of Suttons integration costs, compared to an operating profit of $12.2 million.
Corporate and Other, including Stolt Sea Farm (SSF) and Stolt-Nielsen Gas (SNG), reported an operating profit of $12.5 million compared to an operating profit of $2.1 million.