Norway's Stolt-Nielsen beats Q3 revenue, profit estimates
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:
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
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(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.)