Ardmore Shipping

Ardmore Shipping Corp. engages in the provision of seaborne transportation of petroleum products and chemicals worldwide. It also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.

Earnings data Q1 2021

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Ardmore Shipping excels in record earnings amidst environmental challenges

Ardmore Shipping's strong financial performance, focus on balance sheet strength, and strategic growth initiatives position it well in volatile markets. The company faces challenges with environmental regulations but sees opportunities in energy transition investments and strategic growth decisions.

Ardmore Shipping reports robust Q1 earnings and optimistic market outlook

Ardmore Shipping delivered strong Q1 earnings driven by solid TCE rates and market performance. The company's prudent capital allocation strategy and focus on sustainability position it well for future growth. Despite market challenges and uncertainties, Ardmore's strong financial position and positive market outlook offer opportunities for continued success.

Ardmore Shipping (ASC) posts strong Q2 earnings amidst positive market outlook

Ardmore Shipping (ASC) delivered robust financial results in Q2 2023, showcasing operational excellence and strategic capital allocation. Despite market challenges, the company remains well-positioned to leverage industry dynamics and capitalize on growth opportunities. Investors can expect continued focus on fleet optimization, deleveraging, and maximizing shareholder returns.

Ardmore Shipping reports strong Q3 earnings, eyes growth opportunities

Ardmore Shipping's Q3 performance reflects a resilient business model in the tanker market, poised for growth amidst favorable market conditions. The company's strategic focus on energy efficiency and capital allocation priorities position it well for future opportunities and challenges.

Ardmore Shipping reports robust Q1 earnings amidst positive market outlook

Ardmore Shipping's Q1 2024 performance reflects strong earnings driven by fleet performance and market dynamics, with a positive outlook for the industry.
The company's strategic focus on efficiency upgrades, capital allocation, and market opportunities positions it well for future growth and resilience.
While facing challenges in fleet management and capital decisions, Ardmore Shipping remains proactive in addressing industry trends and enhancing shareholder value.

Ardmore Shipping posts strong Q2 earnings amidst leadership transition

Ardmore Shipping's Q2 performance reflects strong earnings and a positive market outlook supported by robust industry fundamentals.
The company's focus on continuity in strategy, fleet modernization, and technology integration underscores a commitment to long-term growth.
While facing challenges such as leadership transition and market uncertainties, Ardmore Shipping is well-positioned to leverage opportunities for growth and operational enhancement.

Ardmore Shipping excels in Q3 earnings, eyes growth opportunities

Ardmore Shipping's Q3 performance reflects strong earnings, positive market outlook, and strategic capital allocation policies.
While facing challenges in cost management and market uncertainties, the company aims to leverage opportunities for growth and value creation.
By focusing on fleet investments, dividends, and debt reduction, Ardmore Shipping aims to deliver shareholder value amidst evolving market dynamics.

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Ardmore Shipping Corp. provides seaborne transportation of petroleum products and chemicals. It engages in the provision of seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with modern, fuel-efficient fleet of mid-size products and chemical tankers. The firm also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.

Ardmore is a buy due to elevated market rates, positive and clear capital allocation, and the status of their fleet. Ardmore's capital allocation policy includes deleveraging, dividends, and investments in performance upgrades and environmental technologies. The younger fleet provides operational efficiency, reduced maintenance costs, and potential for improved profitability, positioning them well relative to peers.

Ardmore Shipping: Forecasting Favorable Winds In The Market

Ardmore Shipping (ASC) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.81 per share a year ago.

Ardmore Shipping (ASC) Beats Q2 Earnings Estimates

HAMILTON, Bermuda , Aug. 1, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and six months ended June 30, 2023. Highlights and Recent Activity Reported net income and Adjusted earnings (see Adjusted earnings in the Non-GAAP Measures section) of $23.7 million for the three months ended June 30, 2023, or $0.57 earnings and Adjusted earnings per basic and diluted share, compared to net income of $28.8 million, or $0.82 earnings and Adjusted earnings per basic share and $0.81 earnings and Adjusted earnings per diluted share, for the three months ended June 30, 2022.

Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2023

Ardmore Shipping (ASC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Ardmore Shipping (ASC) Q2 Earnings Expected to Decline

High costs are likely to have dented Ardmore Shipping's (ASC) performance in Q2.

What's in Store for Ardmore Shipping (ASC) in Q2 Earnings?

HAMILTON, Bermuda , July 18, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its second quarter earnings before the market opens Tuesday, August 1, 2023 and will host a conference call later in the day at 10:00 a.m. Eastern Time.

Ardmore Shipping Announces Second Quarter 2023 Conference Call and Webcast

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Ardmore Shipping's stock price has decreased by over 30% in the past three months due to decreased MR tanker TCE rates. However, the company's strong financial position and Russian and U.S. Gulf refined product exports should prevent its quarterly dividend from dropping below $0.30. I estimate Ardmore's 2Q 2023 fleet TCE rate to be between $31500 to $33000 and its adjusted earnings to be between $41 million to $42 million.

Ardmore Shipping: The 10% Dividend Yield Is Reliable

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Report details Ardmore's continued efforts toward decarbonization and other environmental and social initiatives, emphasizing the essential connection between progress and performance in order to achieve success in an evolving business and social environment HAMILTON, Bermuda, June 15, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") announced today that it has published its 2022 Sustainability Report (the "Report"). The Report outlines the Company's multifaceted initiatives and progress towards a more sustainable future, with decarbonization as a core objective.

Ardmore Shipping Announces Publication of 2022 Sustainability Report and Joins Its Shipping Industry Peers in Calling On Regulators To Provide A Clear And Accelerated Decarbonization Pathway

Ardmore Shipping is a maritime transportation company for petroleum and chemical products, benefiting from increased demand due to war-related dislocations. The company has successfully deleveraged, reducing debt to 15% of equity, and reinstated a dividend with a 6.7% yield. Despite being a cyclical stock, ASC's impressive valuation metrics and conservative use of earnings make it a promising addition to a value portfolio.

Adding Ardmore Shipping To My Value Portfolio

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Ardmore Shipping Corporation (NYSE:ASC ) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Anthony Gurnee - CEO Bart Kelleher - CFO Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ben Nolan - Stifel Operator Good morning, ladies and gentlemen, and welcome to Ardmore Shipping's First Quarter 2023 Earnings Conference Call. Today's call is being recorded, and an audio webcast and presentation are available in the Investor Relations section of the company's website, ardmoreshipping.com.

Ardmore Shipping Corporation (ASC) Q1 2023 Earnings Call Transcript

Ardmore Shipping (ASC) came out with quarterly earnings of $1.04 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.03 per share a year ago.

Ardmore Shipping (ASC) Meets Q1 Earnings Estimates

HAMILTON, Bermuda , May 9, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three months ended March 31, 2023. Highlights and Recent Activity Reported net income of $43.3 million for the three months ended March 31, 2023, or $1.06 earnings per basic share and $1.04 earnings per diluted share, compared to a net loss of $7.9 million, or $0.23 loss per basic and diluted share, for the three months ended March 31, 2022.

Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2023

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Product tanker equities have generated tremendous returns over the past year and certain names remain attractive for those with a positive view on future market balances. INSW and STNG are my favorites today, whereas TRMD and ASC are not very appealing at current pricing. I believe TNP, D'Amico, and Hafnia also are attractive at this time.

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Ardmore Shipping (ASC) Earnings Expected to Grow: Should You Buy?

Ardmore Shipping (ASC) first-quarter 2023 revenues are likely to have surged year over year.

What's in Store for Ardmore Shipping (ASC) in Q1 Earnings?

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News for Ardmore Shipping Stock (ASC)