Stolt-Nielsen Q3 profit drops amid market uncertainty

Stolt-Nielsen Limited reported a third-quarter net profit of $64.0m on revenue of $699.9m for 2025, a decrease from $99.2m net profit and $732.8m revenue in Q3 2024. Consolidated EBITDA also fell to $191.7m from $215.2m year-over-year. Nine-month results showed a net profit of $290.6m on revenue of $2,088.4m for 2025, down from $303.3m net profit and $2,181.3m revenue in 2024.

Operating profits for Stolt Tankers, Stolt Tank Containers, and Stolthaven Terminals all saw declines in the third quarter of 2025 compared to the previous year, driven by factors such as weakening freight rates, lower throughput volumes, and reduced demand. Stolt Tankers' time-charter equivalent (TCE) revenue dropped by 26% to $24,838 per operating day. In contrast, Stolt Sea Farm (SSF), Stolt-Nielsen Gas (SNG), Corporate & Other reported a combined operating profit increase to $14.2m.

Looking ahead, Stolt-Nielsen anticipates consolidated EBITDA for the full fiscal year 2025 to be between $750m and $790m. The company expects continued volatility due to geopolitical instability, trade wars, and tariffs, impacting shipping markets and potentially delaying contract commitments for terminals. However, a stable newbuild order book is expected to support the chemical tanker market in the longer term.