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Recent press releases and 8-K filings for ASC.
Ardmore Shipping Reports Q3 2025 Results and Strategic Capital Allocation
ASC
Earnings
Dividends
New Projects/Investments
- Ardmore Shipping reported adjusted earnings of $12.6 million or $0.31 per share and EBITDA of $27.6 million for Q3 2025.
- The company's MRs earned $24,700 per day and chemical tankers earned $22,600 per day in Q3 2025, with Q4 2025 rates so far at $24,900 per day (MRs, 40% booked) and $22,200 per day (chemical tankers, 35% booked).
- Ardmore Shipping fully redeemed $30 million of preferred shares, took delivery of three modern MR tankers, and declared its 12th consecutive dividend in Q3 2025, reducing cash break-even to $11,700 per day.
- The market outlook remains strong due to record refined product volumes, geopolitical factors creating inefficiencies, and an aging MR fleet with a shrinking order book.
Nov 5, 2025, 3:00 PM
Ardmore Shipping Reports Strong Q3 2025 Results and Strategic Capital Allocation
ASC
Earnings
Dividends
New Projects/Investments
- Ardmore Shipping reported adjusted earnings of $12.6 million and $0.31 per share for Q3 2025, with MR tankers achieving a Time Charter Equivalent (TCE) rate of $24,700 per day and chemical tankers $22,600 per day.
- The company fully redeemed $30 million of preferred shares and declared its 12th consecutive dividend, aligning with its policy to pay out one-third of adjusted earnings.
- Ardmore Shipping took delivery of three modern MR tankers during the quarter and secured a two-year charter for one of its 2014-built MRs at $21,250 per day.
- The market is characterized by record volumes of refined product on the water, tight supply-demand balances, an aging MR fleet, and a shrinking order book, all contributing to robust product tanker demand.
- Cash break-even levels were reduced to $11,700 per day (including CapEx), and $37 million in capital expenditures are projected for 2025.
Nov 5, 2025, 3:00 PM
Ardmore Reports Q3 2025 Earnings and Provides Q4 Guidance
ASC
Earnings
Dividends
Guidance Update
- Ardmore reported adjusted earnings of $12.6 million, or $0.31 per share, for Q3 2025, with adjusted EBITDAR reaching $27.6 million.
- The company declared a quarterly cash dividend of $0.10 per share for Q3 2025 and fully redeemed $30 million in preferred shares.
- MRs TCE rates were $24,700 in Q3 2025. For Q4 2025, Ardmore anticipates MR Combined Spot TCE of $24,900 (40% fixed) and Chemical Tanker Spot TCE of $22,200 (35% fixed).
- Refined product export volumes increased 4% quarter-over-quarter to record levels, while 16% of the global tanker fleet is now sanctioned. The MR fleet is aging, with 53% aged 20+ within five years, compared to a 13% orderbook.
Nov 5, 2025, 3:00 PM
Ardmore Shipping Reports Strong Q3 2025 Earnings, Redeems Preferred Shares, and Expands Fleet
ASC
Earnings
Dividends
New Projects/Investments
- Ardmore Shipping reported adjusted earnings of $12.6 million or $0.31 per share and EBITDA of $27.6 million for Q3 2025.
- The company's MRs earned $24,700 per day in Q3 2025 and $24,900 per day so far in Q4 2025 (40% booked), while chemical tankers earned $22,600 per day in Q3 2025 and $22,200 per day so far in Q4 2025 (35% booked).
- Ardmore redeemed $30 million in preferred shares, declared its 12th consecutive dividend (1/3 of adjusted earnings), and took delivery of three modern MR tankers during the quarter.
- The market outlook is positive, driven by record refined product volumes, an aging fleet, a shrinking order book (13% of the fleet), and geopolitical factors causing inefficiencies and longer voyage distances.
Nov 5, 2025, 3:00 PM
Ardmore Shipping Corporation Announces Q3 2025 Financial Results
ASC
Earnings
Dividends
New Projects/Investments
- Ardmore Shipping Corporation reported Adjusted earnings of $12.6 million ($0.31 per share) and net income attributable to common stockholders of $12.1 million ($0.30 per share) for the three months ended September 30, 2025.
- The company declared a cash dividend of $0.10 per common share for the quarter ended September 30, 2025, consistent with its variable dividend policy.
- For Q3 2025, MR tankers achieved an average spot TCE rate of $24,697 per day, and chemical tankers earned $22,611 per day. For Q4 2025, projected average spot TCE rates are approximately $24,900 per day for MR tankers (40% fixed) and $22,200 per day for chemical tankers (35% fixed).
- During the quarter, Ardmore completed the acquisition of three MR tankers for $103.9 million and, on October 31, 2025, fully redeemed its outstanding Series A Preferred Stock for $30.6 million.
- As of September 30, 2025, the company maintained $296.0 million in available liquidity.
Nov 5, 2025, 1:07 PM
Ardmore Shipping Corp Reports Q3 2025 Results, Fleet Expansion, and Capital Structure Changes
ASC
Earnings
Dividends
New Projects/Investments
- Ardmore Shipping Corp reported a net income attributable to common stockholders of $12.1 million ($0.30 basic EPS) for Q3 2025 and $26.7 million ($0.66 basic EPS) for the nine months ended September 30, 2025, a decrease from $23.3 million ($0.55 basic EPS) and $123.5 million ($2.96 basic EPS) in the respective 2024 periods.
- Revenue, net, for Q3 2025 was $81.2 million and $227.3 million for the nine months ended September 30, 2025, reflecting a decline from $96.1 million and $323.7 million in the prior year periods, mainly due to lower spot rates.
- The company's liquidity stood at $296.0 million as of September 30, 2025, comprising $47.1 million in cash and cash equivalents and $248.9 million in undrawn revolving credit facilities.
- During Q3 2025, Ardmore Shipping Corp acquired three MR tankers for $103.9 million and subsequently redeemed all outstanding Series A Preferred Stock for $30.6 million on October 31, 2025.
- A cash dividend of $0.10 per common share for Q2 2025 was declared on November 5, 2025.
Nov 5, 2025, 1:06 PM
Ardmore Shipping Announces Q3 and Nine-Month 2025 Financial Results
ASC
Earnings
Dividends
New Projects/Investments
- Ardmore Shipping Corporation reported Adjusted earnings of $12.6 million ($0.31 per share) and net income attributable to common stockholders of $12.1 million for the three months ended September 30, 2025. For the nine months ended September 30, 2025, Adjusted earnings were $27.2 million ($0.67 per share) and net income attributable to common stockholders was $26.7 million.
- The Board of Directors declared a cash dividend of $0.10 per common share for the quarter ended September 30, 2025, payable on December 12, 2025.
- During the third quarter of 2025, the company completed the acquisition of three modern MR tankers for $103.9 million. Additionally, on October 31, 2025, Ardmore fully redeemed all outstanding Series A Preferred Stock for $30.6 million.
- MR tankers earned an average spot TCE rate of $24,697 per day for the three months ended September 30, 2025, with approximately $24,900 per day fixed for 40% of Q4 2025 revenue days.
Nov 5, 2025, 1:00 PM
Quarterly earnings call transcripts for Ardmore Shipping.
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