The Company will present an overview of its strategy and capital allocation framework, along with an in-depth update on key developments and the outlook for the product and chemical tanker market. The February 12, 2026 event will also include the Company's presentation of 4Q 2025 financial results. HAMILTON, Bermuda, Jan. 29, 2026 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that it will host its 2026 Investor Day on Thursday, February 12 at 12:00 P. ...

Core Insights - Ardmore Shipping Corporation reported increased earnings driven by record volumes of refined products and strategic acquisitions of modern MR tankers [3][4] - The company declared its twelfth consecutive dividend while redeeming all outstanding preferred shares, reflecting a strong capital allocation policy [3][4][9] - Freight markets remain robust due to long-term sectoral trends, healthy refining margins, and geopolitical factors impacting supply and demand [3][15][16] Financial Performance - For Q3 2025, Ardmore reported adjusted earnings of $12.6 million, down from $23.3 million in Q3 2024, with earnings per share decreasing from $0.55 to $0.30 [4][18] - For the nine months ended September 30, 2025, adjusted earnings were $27.2 million compared to $109.3 million for the same period in 2024, with earnings per share dropping from $2.62 to $0.67 [4][19] - Revenue for Q3 2025 was $81.2 million, a decrease of $14.9 million from $96.1 million in Q3 2024, attributed to fewer spot revenue days and lower spot rates [20] Fleet Operations - As of September 30, 2025, the company operated 27 vessels, including 21 MR tankers and 6 chemical tankers [5] - The average spot TCE rate for MR tankers was $24,697 per day in Q3 2025, with a projected rate of $24,900 for Q4 2025 [6] - The company took delivery of three modern MR tankers during Q3 2025, enhancing fleet quality and reducing average fleet age [10] Expenses and Costs - Voyage expenses decreased to $28.5 million in Q3 2025 from $34.6 million in Q3 2024, primarily due to lower bunker costs [23] - Vessel operating expenses increased to $16.4 million in Q3 2025, reflecting the addition of three vessels to the fleet [25] - Total charter hire expense was $4.6 million for Q3 2025, down from $5.9 million in Q3 2024, due to the redelivery of chartered-in vessels [26] Liquidity and Financing - As of September 30, 2025, Ardmore had $296.0 million in liquidity, including $47.1 million in cash and cash equivalents [34] - The company closed a $350 million revolving credit facility in July 2025, secured by 20 owned vessels, maturing in 2031 [12] Geopolitical Impact - Ongoing geopolitical conflicts, including the Russia-Ukraine conflict and tensions in the Middle East, have disrupted energy supply chains and contributed to increased spot tanker rates [15][16][17]

Core Insights - Ardmore Shipping Corporation plans to announce its third quarter earnings on November 5, 2025, before the market opens, followed by a conference call at 10:00 a.m. Eastern Time [1] - The company operates a fleet of MR product and chemical tankers, providing seaborne transportation of petroleum products and chemicals globally [2][3] Company Strategy - Ardmore's core strategy focuses on developing a modern, high-quality fleet, building long-term commercial relationships, and maintaining cost advantages while creating synergies and economies of scale [3] - The company provides services through voyage and time charters, maintaining close relationships with key commercial and technical management partners [3] Energy Transition Plan - Ardmore's Energy Transition Plan (ETP) emphasizes transition technologies, projects, and sustainable non-fossil fuel cargos, extending its core strengths in tanker chartering and operational efficiency [4]

Core Insights - Ardmore Shipping Corporation reported continued strengthening of earnings through the first half of 2025, supported by strategic acquisitions and refinancing initiatives [3][4] - The company announced the acquisition of three modern MR tankers for a total of $103.9 million, aimed at enhancing fleet quality and reducing average fleet age [5][10] - Financial results showed a significant decrease in adjusted earnings and net income compared to the same period in 2024, attributed to a prior year gain from vessel sales [5][17][18] Financial Performance - For Q2 2025, Ardmore reported adjusted earnings of $9.0 million, or $0.22 per share, down from $47.6 million and $1.14 per share in Q2 2024 [5][17] - For the first half of 2025, adjusted earnings were $14.6 million, or $0.36 per share, compared to $86.0 million and $2.07 per share in the same period of 2024 [5][18] - Revenue for Q2 2025 was $72.0 million, a decrease of $49.3 million from $121.3 million in Q2 2024 [19] Fleet Operations - As of June 30, 2025, the company operated 26 vessels, including 20 MR tankers and 6 chemical tankers [6] - The average daily TCE rate for MR Eco-Design tankers was $23,441 in Q2 2025, with an expected increase to $25,450 for Q3 2025 [7] - Chemical tankers earned an average TCE rate of $20,409 in Q2 2025, projected to rise to $21,650 in Q3 2025 [8] Strategic Initiatives - The company completed tank coating upgrades on most chemical tankers, resulting in improved cargo capacity and premium returns [3] - Ardmore secured a $350 million revolving credit facility with a margin of 1.8%, maturing in 2031, to support its acquisition strategy [12] - The company declared a cash dividend of $0.07 per common share for Q2 2025, consistent with its variable dividend policy [13] Market Conditions - Geopolitical conflicts, including the Russia-Ukraine war and tensions in the Middle East, have led to increased volatility in tanker rates [14][15] - The ongoing geopolitical and economic uncertainty has created challenges for the shipping industry, affecting demand and operational costs [16] Environmental Performance - Ardmore reported a decrease in CO2 emissions from 424,690 metric tons to 394,356 metric tons over the trailing 12 months, attributed to reduced distance traveled [52] - The fleet's average age increased to 11.6 years, reflecting the company's strategy to modernize its fleet through acquisitions [51]