SNI.OL Stolt-Nielsen
Chemical · Chemical · 52 documents
Owned fleet — dated snapshot, not current: 100 owned ships as of 2025-11-30. 2025Q4 · historical snapshot Source: “Inferred arithmetic from FY2025 annual report, published 2026-03-18, fleet table as of November 30, 2025: 'Stolt Tankers Limited (61 owned ships)'; 'Ships in wholly owned regional services (28 owned ships)'; 'Ships in joint venture regional services (22 owned by joint ventures and associates and 11 owned by the Group)'. 61 + 28 + 11 = 100 Group-owned chemical ships. Excludes JV/associate-owned ships, chartered vessels and pool partners. Fiscal Q4 snapshot, not December 31” source
Historical owned chemical tanker snapshot; issuer fiscal quarters end in February, May, August and November.
- chemical: 100
Reporting basis & limitations
Revenue and net income are consolidated group results, not vessel economics or a vessel cash bridge.
Issuer fiscal quarter 2026Q2 covers 2026-03-01 to 2026-05-31 inclusive, November 30 year-end; published 2026-07-09. Raw source: Exact issuer quote (whitespace normalised): "The Company reported a second-quarter net profit of $51.7 million with revenue of $750.3 million, compared with a net profit of $75.2 million with revenue of $712.9 million in the second quarter of 2025." The current-quarter USD-thousands rows print "Revenue 750,277$", "Equity holders of SNL 51,633$" and "Non-controlling interests 48"; both NI pins use attributable $51.633m, not total profit $51.681m or first-half profit
Revenue, attributable NI, G&A and interest are consolidated across tankers, terminals, tank containers, sea farm/gas and corporate/other, not a chemical vessel cash bridge. The source prints "Administrative and general expenses (83,419)", "Finance expense - finance leases (5,098)" and "Finance expense - debt (28,788)" (USD thousands). Group G&A is $83.419m and gross P&L finance costs are $33.886m (debt plus leases, before finance income); neither is allocated to tanker-only cash costs, so G&A ($M) and interest expense ($M) remain null
Named absence: no verified tanker-only vessel-owning opex or mandatory principal repayment bridge; voyage costs, charter hire, capex and depreciation are not supported on a matching chemical-vessel cash-bridge basis and remain null. Tanker segment operating expenses include voyage and charter costs, not narrow vessel opex; diversified group costs must not fill these fields. Deep-sea STJS TCE is not an all-chemical-vessel rate; average realized TCE ($/day) and benchmark TCE ($/day) are explicitly null rather than pooling it
Tanker-only opex, G&A, interest and mandatory principal are not verified.
Chemical benchmark rate missing. Segment TCE prints are not an all-chemical-vessel rate.
Current owned fleet unknown.
| Reported period | Months | Revenue basis / as of | Sources & reconciliation |
|---|---|---|---|
| 2026Q2 | Mar–May | consolidated group figures; issuer fiscal quarter 2026Q2; 2026-03-01 to 2026-05-31; November 30 year-end | source 1 insufficient data for an earnings bridge; consolidated-group figures span more than the segment modelled; tanker-only opex and scheduled principal not on file; group G&A and interest not allocated to the fleet |
| 2026Q1 | Dec–Feb | consolidated group figures; issuer fiscal quarter 2026Q1; 2025-12-01 to 2026-02-28; November 30 year-end | source 1 insufficient data for an earnings bridge; consolidated-group figures span more than the segment modelled; tanker-only opex and scheduled principal not on file; group G&A and interest not allocated to the fleet |
| 2025Q4 | Sep–Nov | consolidated group figures; issuer fiscal quarter 2025Q4; 2025-09-01 to 2025-11-30; November 30 year-end | source 1 insufficient data for an earnings bridge; consolidated-group figures span more than the segment modelled; tanker-only opex and scheduled principal not on file; group G&A and interest not allocated to the fleet |
| 2025Q3 | Jun–Aug | consolidated group figures; issuer fiscal quarter 2025Q3; 2025-06-01 to 2025-08-31; November 30 year-end | source 1 insufficient data for an earnings bridge; consolidated-group figures span more than the segment modelled; tanker-only opex and scheduled principal not on file; group G&A and interest not allocated to the fleet |
| 2025Q2 | Mar–May | consolidated group figures; issuer fiscal quarter 2025Q2; 2025-03-01 to 2025-05-31; November 30 year-end | source 1 insufficient data for an earnings bridge; consolidated-group figures span more than the segment modelled; tanker-only opex and scheduled principal not on file; group G&A and interest not allocated to the fleet |
| 2025Q1 | Dec–Feb | consolidated group figures; issuer fiscal quarter 2025Q1; 2024-12-01 to 2025-02-28; November 30 year-end | source 1 insufficient data for an earnings bridge; consolidated-group figures span more than the segment modelled; tanker-only opex and scheduled principal not on file; group G&A and interest not allocated to the fleet |
Reporting-period source notes
2026Q2
Issuer fiscal quarter 2026Q2 covers 2026-03-01 to 2026-05-31 inclusive, November 30 year-end; published 2026-07-09. Raw source: Exact issuer quote (whitespace normalised): "The Company reported a second-quarter net profit of $51.7 million with revenue of $750.3 million, compared with a net profit of $75.2 million with revenue of $712.9 million in the second quarter of 2025." The current-quarter USD-thousands rows print "Revenue 750,277$", "Equity holders of SNL 51,633$" and "Non-controlling interests 48"; both NI pins use attributable $51.633m, not total profit $51.681m or first-half profit
Revenue, attributable NI, G&A and interest are consolidated across tankers, terminals, tank containers, sea farm/gas and corporate/other, not a chemical vessel cash bridge. The source prints "Administrative and general expenses (83,419)", "Finance expense - finance leases (5,098)" and "Finance expense - debt (28,788)" (USD thousands). Group G&A is $83.419m and gross P&L finance costs are $33.886m (debt plus leases, before finance income); neither is allocated to tanker-only cash costs, so G&A ($M) and interest expense ($M) remain null
Named absence: no verified tanker-only vessel-owning opex or mandatory principal repayment bridge; voyage costs, charter hire, capex and depreciation are not supported on a matching chemical-vessel cash-bridge basis and remain null. Tanker segment operating expenses include voyage and charter costs, not narrow vessel opex; diversified group costs must not fill these fields. Deep-sea STJS TCE is not an all-chemical-vessel rate; average realized TCE ($/day) and benchmark TCE ($/day) are explicitly null rather than pooling it
2026Q1
Issuer fiscal quarter 2026Q1 covers 2025-12-01 to 2026-02-28 inclusive, November 30 year-end; published 2026-04-09. Raw source: Exact issuer quote (whitespace normalised): "The Company reported a first-quarter net profit of $47.5 million with revenue of $716.8 million, compared with a net profit of $151.4 million with revenue of $675.6 million in the first quarter of 2025, which included $75.2 million in one-off gains related to the step-up of equity investments in Avenir LNG Limited (Avenir LNG) and Hassel Shipping 4 (HS4)." The current-quarter USD-thousands rows print "Revenue 716,816$", "Equity holders of SNL 47,467$" and "Non-controlling interests 43"; both NI pins use attributable $47.467m, not total profit $47.510m
Revenue, attributable NI, G&A and interest are consolidated across tankers, terminals, tank containers, sea farm/gas and corporate/other, not a chemical vessel cash bridge. The source prints "Administrative and general expenses (89,171)", "Finance expense - finance leases (5,521)" and "Finance expense - debt (31,641)" (USD thousands). Group G&A is $89.171m and gross P&L finance costs are $37.162m (debt plus leases, before finance income); neither is allocated to tanker-only cash costs, so G&A ($M) and interest expense ($M) remain null
Named absence: no verified tanker-only vessel-owning opex or mandatory principal repayment bridge; voyage costs, charter hire, capex and depreciation are not supported on a matching chemical-vessel cash-bridge basis and remain null. Tanker segment operating expenses include voyage and charter costs, not narrow vessel opex; diversified group costs must not fill these fields. Deep-sea STJS TCE is not an all-chemical-vessel rate; average realized TCE ($/day) and benchmark TCE ($/day) are explicitly null rather than pooling it
2025Q4
Issuer fiscal quarter 2025Q4 covers 2025-09-01 to 2025-11-30 inclusive, November 30 year-end; published 2026-01-28. Raw source: Exact issuer quote (whitespace normalised): "The Company reported a fourth-quarter net profit of $59.6 million with revenue of $680.6 million, compared with a net profit of $91.4 million with revenue of $709.4 million in the fourth quarter of 2024." The current-quarter USD-thousands rows print "Revenue 680,603$" and "Net Profit 59,550$"; these are discrete-quarter figures, not full-year totals or prior-year comparatives
Revenue, attributable NI, G&A and interest are consolidated across tankers, terminals, tank containers, sea farm/gas and corporate/other, not a chemical vessel cash bridge. The source prints "Administrative and general expenses (82,808)", "Finance expense - finance leases (5,072)" and "Finance expense - debt (29,648)" (USD thousands). Group G&A is $82.808m and gross P&L finance costs are $34.720m (debt plus leases, before finance income); neither is allocated to tanker-only cash costs, so G&A ($M) and interest expense ($M) remain null
Named absence: no verified tanker-only vessel-owning opex or mandatory principal repayment bridge; voyage costs, charter hire, capex and depreciation are not supported on a matching chemical-vessel cash-bridge basis and remain null. Tanker segment operating expenses include voyage and charter costs, not narrow vessel opex; diversified group costs must not fill these fields. Deep-sea STJS TCE is not an all-chemical-vessel rate; average realized TCE ($/day) and benchmark TCE ($/day) are explicitly null rather than pooling it
2025Q3
Issuer fiscal quarter 2025Q3 covers 2025-06-01 to 2025-08-31 inclusive, November 30 year-end; published 2025-10-02. Raw source: Exact issuer quote (whitespace normalised): "The Company reported a third-quarter net profit of $64.0 million with revenue of $699.9 million, compared with a net profit of $99.2 million with revenue of $732.8 million in the third quarter of 2024." The current-quarter USD-thousands rows print "Revenue 699,880$" and "Net Profit 63,969$"; these are discrete-quarter figures, not nine-month totals or prior-year comparatives
Revenue, attributable NI, G&A and interest are consolidated across tankers, terminals, tank containers, sea farm/gas and corporate/other, not a chemical vessel cash bridge. The source prints "Administrative and general expenses (74,617)", "Finance expense - finance leases (5,048)" and "Finance expense - debt (31,177)" (USD thousands). Group G&A is $74.617m and gross P&L finance costs are $36.225m (debt plus leases, before finance income); neither is allocated to tanker-only cash costs, so G&A ($M) and interest expense ($M) remain null
Named absence: no verified tanker-only vessel-owning opex or mandatory principal repayment bridge; voyage costs, charter hire, capex and depreciation are not supported on a matching chemical-vessel cash-bridge basis and remain null. Tanker segment operating expenses include voyage and charter costs, not narrow vessel opex; diversified group costs must not fill these fields. Deep-sea STJS TCE is not an all-chemical-vessel rate; average realized TCE ($/day) and benchmark TCE ($/day) are explicitly null rather than pooling it
2025Q2
Issuer fiscal quarter 2025Q2 covers 2025-03-01 to 2025-05-31 inclusive, November 30 year-end; published 2025-07-03. Raw source: Exact issuer quote (whitespace normalised): "The Company reported a second-quarter net profit of $75.2 million with revenue of $712.9 million, compared with a net profit of $100.2 million with revenue of $741.1 million in the second quarter of 2024." The current-quarter USD-thousands rows print "Revenue 712,918 $" and "Net Profit 75,234$"; these are discrete-quarter figures, not first-half totals or prior-year comparatives
Revenue, attributable NI, G&A and interest are consolidated across tankers, terminals, tank containers, sea farm/gas and corporate/other, not a chemical vessel cash bridge. The source prints "Administrative and general expenses (71,860)", "Finance expense - finance leases (4,531)" and "Finance expense - debt (33,707)" (USD thousands). Group G&A is $71.860m and gross P&L finance costs are $38.238m (debt plus leases, before finance income); neither is allocated to tanker-only cash costs, so G&A ($M) and interest expense ($M) remain null
Named absence: no verified tanker-only vessel-owning opex or mandatory principal repayment bridge; voyage costs, charter hire, capex and depreciation are not supported on a matching chemical-vessel cash-bridge basis and remain null. Tanker segment operating expenses include voyage and charter costs, not narrow vessel opex; diversified group costs must not fill these fields. Deep-sea STJS TCE is not an all-chemical-vessel rate; average realized TCE ($/day) and benchmark TCE ($/day) are explicitly null rather than pooling it
2025Q1
Issuer fiscal quarter 2025Q1 covers 2024-12-01 to 2025-02-28 inclusive, November 30 year-end; published 2025-04-03. Raw source: Exact issuer quote (whitespace normalised): "The Company reported a first-quarter net profit of $151.4 million with revenue of $675.6 million, compared with a net profit of $104.0 million with revenue of $707.3 million in the first quarter of 2024." The current-quarter USD-thousands rows print "Revenue 675,600$" and "Net Profit 151,403$"; reported NI includes the $75.190m acquisition step-up gain, not adjusted earnings
Revenue, attributable NI, G&A and interest are consolidated across tankers, terminals, tank containers, sea farm/gas and corporate/other, not a chemical vessel cash bridge. The source prints "Administrative and general expenses (71,509)", "Finance expense - finance leases (4,761)" and "Finance expense - debt (26,813)" (USD thousands). Group G&A is $71.509m and gross P&L finance costs are $31.574m (debt plus leases, before finance income); neither is allocated to tanker-only cash costs, so G&A ($M) and interest expense ($M) remain null
Named absence: no verified tanker-only vessel-owning opex or mandatory principal repayment bridge; voyage costs, charter hire, capex and depreciation are not supported on a matching chemical-vessel cash-bridge basis and remain null. Tanker segment operating expenses include voyage and charter costs, not narrow vessel opex; diversified group costs must not fill these fields. Deep-sea STJS TCE is not an all-chemical-vessel rate; average realized TCE ($/day) and benchmark TCE ($/day) are explicitly null rather than pooling it
Stolt-Nielsen's fleet has no fleet-rate estimate this quarter. No rate series covers this fleet's vessel classes. Its dividend is still forecast at $1.00 a share for 2026Q3, by twice-yearly dividend held at its last amount (PATTERN).
Yields annualise each payment ×2 at the last close, $37.49 (2026-10-19). Our model is not company guidance.
What will Stolt-Nielsen pay for 2026Q3?
Dividend per share declared · model
Market context — rates, the dividend, and the price
Rates and dividend — realized rate and declared
Bars are the fleet TCE this issuer reported.
The line is the declared dividend per share — dashed where it is the model's estimate. Model estimate — not issuer guidance.
Forward (our model — model payment ×2): $2.00/yr · @ $37.49 (as of 2026-10-19) = 5.3% yield (forward, model) · Trailing TTM $2.0/yr = 5.3%
Next-quarter fleet TCE: — (chemical: no market proxy prices this class and no issuer guidance on file -> class estimate stays dark)
How we got the number
Earnings bridge — 2026Q2 → 2026Q3
Dividend history & forecast accuracy
Upcoming
| Quarter | Ex-date (est.) | Forecast DPS | Actual DPS |
|---|---|---|---|
| 2026Q3 E | — | $1.00 | — |
| 2026Q4 E | — | $1.00 | — |
| Period | DPS | Kind | Ex-date | Pay date | Source |
|---|---|---|---|---|---|
| paid 2026-05-06 | $1.00/share | regular | — | 2026-05-06 | as of 2026-05-06 declaration |
| paid 2025-12-03 | $1.00/share | regular | — | 2025-12-03 | as of 2025-12-03 declaration |
| paid 2025-05-07 | $1.25/share | regular | — | 2025-05-07 | as of 2025-05-07 declaration |
DPS method: twice-yearly dividend held at its last amount.
Financials & fleet
Latest quarter 2026Q2 2 qtrs old
Fleet model — 2026Q3
Fleet model estimate — not issuer guidance.
| Class | Ships | TC | Spot | % Fixed | Guided $/d | Spot $/d | Blended $/d | Vessel-days | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| Chemical | 0 | — | — | — | — | — | — | — | — |
| Total | 0 | — | — | — | |||||
Current quarter — 2026Q4
20/92 days elapsed (22%)
| Class | Ships | TC | Spot | % Fixed | Guided $/d | Current $/d | vs guided | Blended $/d | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| Chemical | 0 | — | — | — | — | — | — | — | — |
| Total | 0 | — | — | ||||||
Profit statement highlights
| Line | 2026Q2 | 2026Q1 | YoY Δ |
|---|---|---|---|
| Revenue | $750.3M | $716.8M | +5.2% |
| Opex | — | — | — |
| Net income | $51.6M | $47.5M | -31.4% |
reconciliation: insufficient data for an earnings bridge; consolidated-group figures span more than the segment modelled; tanker-only opex and scheduled principal not on file; group G&A and interest not allocated to the fleet (2026Q2) earnings bridge incomplete — treat income-derived figures as provisional
Full P&L grid — 6 quarters
| Line item | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Revenue $M | 750.3 | 716.8 | 680.6 | 699.9 | 712.9 | 675.6 |
| Voyage expenses $M | — | — | — | — | — | — |
| Vessel opex $M | — | — | — | — | — | — |
| G&A $M | — | — | — | — | — | — |
| Depreciation $M | — | — | — | — | — | — |
| Interest expense, gross $M | — | — | — | — | — | — |
| Net income $M | 51.6 | 47.5 | 59.5 | 64.0 | 75.2 | 151.4 |
| Declared DPS | — | — | 1.00 | 1.00 | — | — |
Guidance & sources
Sources — press, filings & documents
Press & filings by quarter
Recent documents
- mfn 2026-10-20T13:51:35 SNI: Ny rente (2026-10-20)
- mfn 2026-10-01T08:00:00 Stolt-Nielsen Limited Reports Unaudited Results For the Third Quarter and Nine Months of 2026 (2026-10-01)
- mfn 2026-09-24T14:30:00 Stolt-Nielsen Limited to Host a Video Conference to Present the Results for the Third Quarter and First Nine Months of 2026 (2026-09-24)
- mfn 2026-09-24T14:01:49 SNI: Ny rente (2026-09-24)
- mfn 2026-07-20T13:52:41 SNI: Ny rente (2026-07-20) summarypdf
- mfn 2026-07-09T08:00:00 Stolt-Nielsen Limited Reports Unaudited Results For the Second Quarter and First Half of 2026 (2026-07-09) summaryreportpdf
- mfn 2026-07-02T16:45:00 Stolt-Nielsen Limited to Host a Video Conference to Present the Results for the Second Quarter and First Half of 2026 (2026-07-02) summary
- mfn 2026-06-24T13:17:57 SNI: Ny rente (2026-06-24) summarypdf
- mfn 2026-05-12T17:30:00 Stolt-Nielsen Limited - Approval of Base Prospectus (2026-05-12) summary
- mfn 2026-05-12T13:42:58 Euronext Oslo Børs - Stolt-Nielsen Limited - Mottatt søknad om notering av obligasjonslån (2026-05-12) summary
- mfn 2026-05-12T13:42:58 Euronext Oslo Børs - Stolt-Nielsen Limited - Received application for listing of bonds (2026-05-12) summary
- mfn 2026-04-21T07:00:00 SNI: Stolt-Nielsen Limited shares trade ex-dividend (2026-04-21) summary