# Stolt-Nielsen Limited Reports Unaudited Results For the Second Quarter and First Half of 2026

- Source: mfn · Published: 2026-07-09 · Kind: report
- Original: https://mfn.se/one/a/stolt-nielsen/stolt-nielsen-limited-reports-unaudited-results-for-the-second-quarter-and-first-half-of-2026-b89c3e51
- Local copy: `data/documents/SNI.OL/2026-07-09_stolt-nielsen-limited-reports-unaudited-results-for-the-second-quarter-and-first-half-of-2026-b89c3e51.html`

**TL;DR —** Stolt-Nielsen reported a Q2 2026 net profit of $51.7 million on $750.3 million revenue, a decrease from Q2 2025, primarily due to softer freight rates and integration costs, despite strong performance in terminals and increased activity in tankers.

## Takeaways
- **Net Profit Decline:** Q2 2026 net profit was $51.7 million, down from $75.2 million in Q2 2025, and H1 2026 net profit was $99.2 million, significantly lower than H1 2025's $226.6 million (which included $75.2 million in one-off gains).
- **Revenue Growth:** Q2 2026 revenue increased to $750.3 million from $712.9 million in Q2 2025, and H1 2026 revenue rose to $1,467.1 million from $1,388.5 million in H1 2025.
- **Stolt Tankers Performance:** Operating profit for Stolt Tankers decreased to $52.5 million from $70.5 million, with average deep-sea time-charter equivalent (TCE) revenue falling 11% to $23,372 per operating day from $26,220.
- **Stolthaven Terminals Record:** Stolthaven Terminals achieved a record operating profit of $29.1 million, up from $28.9 million, with utilization rising to 93.4% due to new business and firmer storage rates.
- **Stolt Tank Containers Loss:** Stolt Tank Containers reported an operating loss of $0.3 million, including $4.0 million in Suttons integration costs, compared to a $12.2 million operating profit in Q2 2025, despite a 21% increase in shipment growth.
- **Market Conditions:** The company navigated considerable disruption from the closure of the Strait of Hormuz, with management noting a reversal of the downward TCE trend month-on-month during the quarter.

*Generated 2026-09-16 via google/gemini-2.5-flash*