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.

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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.

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Ardmore Shipping Corporation (NYSE:ASC ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Anthony Gurnee - Chief Executive Officer Bart Kelleher - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore ISI Turner Holm - Clarkson Platou Securities Macalla Rogers - Stifel Omar Nokta - Jefferies Operator Good morning, ladies and gentlemen and welcome to the Ardmore Shipping Third Quarter 2022 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 at ardmoreshipping.com [Operator Instructions].

Ardmore Shipping Corporation (ASC) Q3 2022 Earnings Call Transcript

Ardmore Shipping (ASC) delivered earnings and revenue surprises of 10% and 11.51%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Ardmore Shipping (ASC) Q3 Earnings and Revenues Top Estimates

HAMILTON, Bermuda , Nov. 2, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2022. Highlights and Recent Activity Reported a net profit of $61.0 million for the three months ended September 30, 2022, or $1.57 earnings per basic share and $1.52 earnings per diluted share, compared to a net loss of $12.8 million, or $0.37 loss per basic and diluted share, for the three months ended September 30, 2021.

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2022

Marks the Next Stage of the Company's Capital Allocation Policy Established in 2020 First Dividend Under New Policy Expected to Commence with Quarter Ending December 31, 2022 HAMILTON, Bermuda , Nov. 2, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") announced today that its Board of Directors has approved the initiation of a quarterly cash dividend as a component of the Company's longstanding Capital Allocation Policy. Commencing with the Company's performance for the quarter ending December 31, 2022, Ardmore intends to pay a quarterly cash dividend equivalent to one-third of Adjusted Earnings (as defined below) for the applicable quarter.

Ardmore Shipping Initiates New Quarterly Dividend Policy

HAMILTON, Bermuda, Oct. 26, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings before the market opens Wednesday, November 2, 2022 and will host a conference call later in the day at 10:00 a.m. Eastern Time.

Ardmore Shipping Announces Third Quarter 2022 Conference Call and Webcast

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Ardmore Shipping Is A Buy Due To Hiked TCE Rates

Ardmore stock has grown more than 160% over the past year. The company's main strategy is to perpetuate the development of modern, high-quality fleets along with an energy-transition plan.

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News for Ardmore Shipping Stock (ASC)