Stolt-Nielsen reported unaudited net profit of $84.4 million on revenue of $776.5 million for the third quarter of 2026, which ended August 31.
The prior-year quarter recorded $64 million in net profit and $699.9 million in revenue. The company said the latest result included a $15.4 million gain from selling a 50 per cent interest in Avenir LNG.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased to $194.1 million from $191.7 million. The measure excludes biological asset fair-value adjustments, asset-sale gains or losses and other one-time non-cash items.
Stolt Tankers posted an operating profit of $52.1 million, versus $57.2 million. The average deep-sea time charter equivalent (TCE) revenue per operating day was $24,121, down from $24,838.
Chief executive Udo Lange said the increase in average freight rates was outweighed by reduced volumes and increased bunker costs.
Tanker operating profit was broadly stable against the previous quarter, when it reached $52.5 million, while deep-sea TCE revenue improved from $23,372 per operating day.
Stolthaven Terminals' operating profit rose to $27.1 million from $26.3 million, and Lange noted that utilisation had increased. Stolt Tank Containers posted an operating profit of $13.1 million, versus $11.7 million.
Lange said the tank container business continued to integrate Suttons, with increased scale and margin improvement supporting its return to operating profit in the third quarter.
For the first nine months, net profit was $183.6 million, versus $290.6 million. The prior-year result reflected $75.2 million in one-off gains from investments in Avenir LNG and Hassel Shipping 4.
The Avenir LNG partnership with NYK Line, announced in March, was completed during the quarter.
Avenir LNG said the companies planned to explore bunkering opportunities involving liquefied natural gas (LNG) and bio-LNG.
Lange also said the company expected minimal financial impact from the July attack on Stolt Magnesium off Oman. The vessel was insured, its cargo was secured and no seafarers suffered physical injuries.
