Stolt-Nielsen Limited Reports Unaudited Results For the First Quarter of 2025

Core Insights - Stolt-Nielsen Limited reported a first-quarter net profit of $151.4 million and revenue of $675.6 million, showing an increase in net profit compared to $104.0 million in the same quarter of 2024, although revenue decreased from $707.3 million [1] - The company’s EBITDA for the first quarter was $192 million, down from $210.3 million, with Stolt Tankers' EBITDA declining by 17% while the non-shipping business increased by 6%, indicating the benefits of a diversified portfolio [2][7] - Average TCE revenue for Stolt Tankers was $27,620 per day, a decline from previous quarters but still 39% above the historical average [3] Financial Performance - Stolt-Nielsen's earnings per share (EPS) increased to $2.83 from $1.94, while excluding one-off gains, EPS was $1.42 [7] - Stolt Tankers reported an operating profit of $66.6 million, down from $93.0 million, while Stolthaven Terminals maintained an operating profit of $28.5 million year-over-year [7] - Stolt Tank Containers saw an increase in operating profit to $15.2 million from $13.3 million, and Stolt Sea Farm's operating profit rose to $7.4 million from $6.9 million [7] Market Conditions - The tanker market is facing significant uncertainties due to geopolitical factors, including potential tariffs and higher US port fees, which could impact trade flows [3] - Storage markets have remained stable, with Stolthaven Terminals showing upward trends in utilization despite negative currency impacts [4] - The company has continued to invest in its business, completing acquisitions that are expected to contribute an additional $50 million to EBITDA annually, subject to market conditions [6]