Stolt-nielsen Stock Earnings Reports

Stolt‑Nielsen delivered a resilient Q2 2026 amid Middle East disruption: Group revenue grew ~5% to $750m (driven largely by the Suttons acquisition) while EBITDA was $177m (down 16% YoY) and net profit $52m (down 31%). Free cash flow remained strong at $100m and available liquidity was $495m; net debt/EBITDA rose to 3.16x principally because EBITDA declined. Non‑tanker activities contributed 45% of group EBITDA, with Stolthaven Terminals posting a record quarterly operating profit and high utilization (93.4%). Stolt Tankers saw TCEs recover month‑on‑month in Q2 (deepsea TCE $23,372/day) but still faced pressure from softer COA rates and higher bunker costs. Stolt Tank Containers (including Suttons) incurred integration and margin pressures but showed signs of operational improvement late in the quarter. Capital expenditure guidance is ~$290m for 2026, rising to ~$537m in 2027 as newbuild deliveries accelerate (much of which is largely financed). Management remains cautious on guidance due to ongoing geopolitical uncertainty around the Strait of Hormuz and has not reinstated full-year earnings guidance; they expect Q3 to improve versus recent quarters if current TCE momentum holds. Other highlights: launch of a digital innovation center in Hyderabad, payment of a final dividend of $1/share (total $2/share for 2025), Avenir accounted as held for sale (sale to NYK expected mid‑year subject to closing conditions), and CFO transition (Jens Grüner‑Hegge retiring; Alex Ng to become CFO).