Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2026
Ardmore Shipping reported Q3 2026 net income of $16.3 million, or $0.40 per share, up from $12.1 million and $0.30 a year earlier, on revenue of $87.7 million (vs $81.2 million). Nine-month net income jumped to $100.4 million from $26.7 million, aided by a $12.2 million gain on the June 2026 sale of the Ardmore Engineer. Spot rates accelerated sharply into Q4: MR tankers are fixed at ~$57,600/day on 45% of revenue days (vs $27,031/day in Q3) and chemical tankers at ~$30,100/day on 60% fixed.
Key figures
- Eps
- 0.4
- Revenue
- 87711000
- Guidance
- Q4 2026: MR spot TCE ~$57,600/day on ~45% of days fixed; chemical tankers ~$30,100/day on ~60% fixed
- Revenue Yoy
- 8%
- Liquidity
- 301100000
- Fleet vessels
- 24
- Q3 net income
- 16348000
- Q3 mr spot tce
- 27031
- Mr days fixed q4
- 45%
- Adjusted ebitda q3
- 28185000
- Dividend per share
- 0.27
- Q3 adjusted earnings
- 16348000
- Q3 chemical spot tce
- 23266
- Q3 fleet tce per day
- 25358
- Q4 mr spot tce fixed
- 57600
- Nine month net income
- 100447000
- Chemical days fixed q4
- 60%
- Q4 chemical spot tce fixed
- 30100
- Newbuilding installments remaining
- 257800000
AI analysis
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