Stolt-Nielsen tjente 92 millioner dollar
Rederiet venter et svakere fjerde kvartal.
Stolt-Nielsen, a chemical tanker company, reported a net profit of $92 million in the third quarter. Analysts had anticipated earnings of $763 million, earnings before interest, taxes, depreciation, and amortization (EBIT) of $97 million, and gross profit of $186 million. The profit included a gain of $15.4 million from the sale of half of the gas company Avenir LNG.
The company's results fell compared to the previous year, but were stable from the prior quarter, with higher average freight rates buoyed by lower volumes and higher fuel costs, according to CEO Udo Lange. The company expects the underlying profit to weaken in the fourth quarter. Bloomberg estimators had predicted earnings of $763 million, EBIT of $97 million, and gross profit of $186 million.
In the second quarter report, Stolt-Nielsen stated: "Based on the information available at the time of preparation, we anticipate stronger ratings for Stolt Tankers in the third quarter of 2026." So far this year, the stock has risen 14.7 percent on Oslo Børs, but analysts have noted that the stock price is following the shipping market.
In a DNB Carnegie analysis, the stock was initially rated as "undervalued." The market is good for the chemical freight, but is looking somewhat down after the immediate disruptions following the Middle East conflict, said analyst Jørgen Lian to E24.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
