Ardmore Shipping Corp
NYSE:ASC

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Ardmore Shipping Corp
NYSE:ASC
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Price: 11.83 USD -1.09% Market Closed
Market Cap: 480.5m USD

Ardmore Shipping Corp
Investor Relations

Ardmore Shipping Corp. operates as a holding company. The firm's segment relates to the operations of its vessels. The firm's fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The firm's vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader. The firm has over 30 subsidiaries, the majority of which represent single ship-owning companies for its fleet. Its subsidiaries include Ardmore Shipping (Bermuda) Limited (ASBL), Ardmore Shipping Services (Ireland) Limited (ASSIL), Ardmore Shipping (Asia) Pte. Limited and Ardmore Shipping (Americas) LLC.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Earnings: Ardmore delivered adjusted earnings of $12.6 million, or $0.31 per share, with rising earnings through Q3 and into Q4.

Rates & Demand: MR tanker rates remained strong at $24,700 per day in Q3 and $24,900 so far in Q4, supported by record refined product volumes and robust demand.

Fleet Growth: The company acquired 3 modern MR tankers, adding to earnings power and taking advantage of firming secondhand prices.

Capital Actions: Ardmore fully redeemed $30 million in preferred shares, reducing cash breakeven and paid its 12th consecutive dividend.

Market Dynamics: Tight tanker supply, record refinery output, sanctions, aging fleet, and shifting global trade flows are all supporting positive market conditions.

Guidance & Strategy: Management emphasized ongoing discipline in capital allocation, low debt, prioritized shareholder returns, and readiness to pursue new opportunities as the market evolves.

Key Financials
Adjusted Earnings
$12.6 million
Earnings Per Share
$0.31
MR Tanker TCE (Q3)
$24,700 per day
MR Tanker TCE (Q4 so far)
$24,900 per day
Chemical Tanker TCE (Q3)
$22,600 per day
Chemical Tanker TCE (Q4 so far)
$22,200 per day
EBITDAR
$27.6 million
Dividend
One-third of adjusted earnings (12th consecutive dividend)
Preferred Shares Redeemed
$30 million
Cash Breakeven (including CapEx)
$11,700 per day
Cash Breakeven (operating basis)
$10,800 per day
Two-Year Charter Rate (2014 MR)
$21,250 per day
On-Hire Availability (Q3)
99%
CapEx (2025 projected)
$37 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Gernot Ruppelt
CEO & Director
No Bio Available
Mr. Bart B. Kelleher
President, CFO & Director
No Bio Available
Mr. Mark Cameron
Executive VP & COO
No Bio Available
Mr. Barry O'Neill
Director of Accounting
No Bio Available
Nadia Mather
Director of Legal
No Bio Available
Mr. Robert Gaina
Senior Vice President of Commercial
No Bio Available
Ms. Holly S. Cummings
Head of Commercial (West) Americas
No Bio Available
Ms. Aideen O'Driscoll
Senior VP & Senior Director of Corporate Services
No Bio Available
Ashish Malik
Managing Director of Anglo Ardmore Joint Venture
No Bio Available
Gerald Tan
Head of Commercial (East) & GM of Singapore Office
No Bio Available

Contacts

Address
Hamilton
69 Pitts Bay Road
Contacts