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

By Reuters News


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


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.)

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