Welcome to our dedicated page for Ardmore Shipping news (Ticker: ASC), a resource for investors and traders seeking the latest updates and insights on Ardmore Shipping stock.
Ardmore Shipping Corporation reports developments in seaborne transportation of refined petroleum products, energy products, chemicals and other liquid goods. The company owns and operates MR product tankers and IMO 2 product/chemical tankers in the mid-size range, serving oil majors, national oil companies, oil and chemical traders, and chemical companies through voyage charters, commercial pools and time charters.
Recurring company updates cover quarterly results, time charter equivalent rates, revenue days, spot-market exposure, vessel drydocking and upgrades, charter commitments, fleet sales and newbuilding investments. News also addresses capital allocation, dividends, preferred-stock actions, balance-sheet priorities and management commentary on product and chemical tanker supply, demand, trade patterns and geopolitical effects on routes and vessel demand.
Ardmore Shipping (NYSE: ASC) reported results for the three and nine months ended September 30, 2025, with Adjusted earnings of $12.6M for 3Q25 and $27.2M for the nine months. Net income attributable to common shareholders was $12.1M for 3Q25 and $26.7M for the nine months. Revenue for 3Q25 was $81.2M, down from $96.1M year-ago; fleet TCE averaged $23,475/day in 3Q25.
Activity: delivery of 3 MR tankers for $103.9M, full redemption of Series A preferred for $30.6M, and a new $350M revolving credit facility priced at SOFR+1.80% maturing 2031. Board declared a $0.10 quarterly dividend payable Dec 12, 2025.
Ardmore Shipping (NYSE: ASC) will announce its third quarter 2025 results before the market opens on Wednesday, November 5, 2025. A conference call and slide presentation will follow the same day at 10:00 a.m. Eastern Time and will be broadcast live via webcast.
Investors can join the live webcast at www.ardmoreshipping.com or by phone at 800-836-8184 (US toll free) or +1-646-357-8785 (international) referencing "Ardmore Shipping." An audio replay will be available through November 12, 2025 at 888-660-6345 or 646-517-4150 using passcode 96494. The webcast will be archived on the company's website.
Ardmore Shipping (NYSE:ASC) reported Q2 2025 financial results with Adjusted earnings of $9.0 million ($0.22 per share), down from $47.6 million ($1.14 per share) in Q2 2024. The company's MR Eco-Design tankers earned an average spot TCE rate of $23,441 per day in Q2 2025.
Key developments include the acquisition of three modern Korean-built MR tankers for $103.9 million, securing a new $350 million revolving credit facility, and declaring a $0.07 dividend per share. The company also committed one chemical tanker to a three-year charter at $19,250 per day and increased MR fixed rate coverage to four vessels at an average rate of $22,500 per day.
For Q3 2025, approximately 50% of revenue days are fixed at $25,450 per day for MR Eco-Design tankers and 65% at $21,650 per day for chemical tankers.
[ "Acquisition of three modern MR tankers worth $103.9 million to enhance fleet quality", "Secured new $350 million revolving credit facility with favorable 1.8% margin until 2031", "Strategic time charter contracts securing stable income with average rate of $22,500/day for MR vessels", "Q3 2025 rates showing improvement with MR Eco-Design tankers at $25,450/day", "Completed tank coating upgrades enabling wider cargo slate and premium returns" ]Ardmore Shipping (NYSE:ASC) has scheduled its second quarter 2025 earnings announcement and conference call for July 30, 2025. The company will release earnings results before market opens, followed by a conference call and webcast at 10:00 a.m. Eastern Time.
Investors can access the live presentation through the company's website at www.ardmoreshipping.com or join by phone using the toll-free number 800-836-8184 (US) or +1-646-357-8785 (international). An audio replay will be available until August 6 using passcode 24528.
Ardmore Shipping (NYSE: ASC) has announced its plans to release first quarter 2025 earnings before market opening on Wednesday, May 7, 2025, followed by a conference call at 10:00 a.m. Eastern Time. The company will host both a conference call and webcast presentation, accessible via www.ardmoreshipping.com or by phone.
Ardmore operates a fleet of MR product and chemical tankers (25,000 to 50,000 deadweight tonnes), providing seaborne transportation of petroleum products and chemicals worldwide. The company's strategy focuses on developing a modern, high-quality fleet while maintaining cost advantages and building key commercial relationships. Additionally, Ardmore has implemented an Energy Transition Plan focusing on transition technologies, projects, and sustainable non-fossil fuel cargos.
Ardmore Shipping (NYSE: ASC) has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The company has made the report accessible to shareholders and investors through their website's Investor Relations section at www.ardmoreshipping.com under SEC Filings, in accordance with New York Stock Exchange requirements.
Ardmore Shipping (NYSE: ASC) reported financial results for Q4 and full-year 2024. The company achieved Adjusted earnings of $10.3 million ($0.25 per share) for Q4 2024, down from $26.1 million ($0.63 per share) in Q4 2023. Full-year 2024 Adjusted earnings were $119.5 million ($2.87 per share), up from $113.4 million in 2023.
The company declared a quarterly dividend of $0.08 per share and repurchased 1.56 million shares (4% of outstanding stock) at $11.49 per share. MR Eco-Design tankers earned average spot TCE rates of $22,663 per day in Q4 2024, while Chemical tankers earned $21,406 per day. For Q1 2025, with 55% of revenue days fixed, MR Eco-Design tankers are earning approximately $23,400 per day.
The company maintains a strong liquidity position with $243.4 million available, including $47.0 million in cash and $196.4 million in undrawn credit facilities as of December 31, 2024.
Ardmore Shipping (NYSE: ASC) has announced its 2025 Investor Day, scheduled for February 13, 2025, at 12:00 P.M. Eastern Time in New York City. The event will coincide with the presentation of the company's Q4 2024 financial results.
During the event, Ardmore's senior management will provide comprehensive updates on product and chemical tanker markets, supply/demand fundamentals, and the impact of geopolitical volatility on trade routes and vessel demand. The presentation will also cover the company's strategy and capital allocation framework.
Ardmore operates a fleet of MR product and chemical tankers ranging from 25,000 to 50,000 deadweight tonnes, focusing on seaborne transportation of petroleum products and chemicals worldwide. The company's core strategy includes fleet modernization, building commercial relationships, and maintaining cost advantages while pursuing its Energy Transition Plan focused on transition technologies, projects, and sustainable cargos.
Ardmore Shipping (NYSE: ASC) reported strong financial results for Q3 2024, with net income of $23.3 million ($0.55 per share), up from $20.3 million ($0.49 per share) in Q3 2023. The company's MR Eco-Design tankers earned an average spot TCE rate of $28,481 per day, while chemical tankers earned $21,604 per day. For Q4 2024, approximately 50% of revenue days are fixed at $25,000 per day for MR Eco-Design tankers and $25,150 per day for chemical tankers. The Board declared a quarterly dividend of $0.18 per share. The company maintains strong liquidity with $268.5 million available, including $47.6 million in cash.