Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2026
PR Newswire•03/11/2026•08:00 ET
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Key Highlights
- ➤Nine-month net income $100.4M, up from $26.7M year over year
- ➤Fourth-quarter MR spot TCE $57,600/day with 45% revenue days fixed
- ➤Fourth-quarter chemical tanker TCE $30,100/day with 60% revenue days fixed
- ➤Board declared $0.27 quarterly dividend, payable December 15, 2026
- ➤Six newbuildings ordered, with deliveries scheduled from late 2028 onward
Expert Statements
Gernot Ruppelt, Chief Executive Officer of Ardmore Shipping Corporation
“Already-strong market momentum has accelerated into the fourth quarter, with MR spot bookings at a large multiple of our cash breakeven. Against a backdrop of positive long-term demand fundamentals and an aging fleet, tankers continue to play a vital role in bridging global energy markets at a time when geopolitical disruption is driving scarcity premiums for key commodities. We continue to execute our capital allocation policy in a disciplined manner; returning capital to shareholders equal to two-thirds of Adjusted earnings while simultaneously investing in value-driven fleet renewal and growth. Our decisions remain grounded in our long-term strategy and our strong governance.”
Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2026 PR Newswire
HAMILTON, Bermuda, Nov. 3, 2026 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2026.
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