Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2026
Ardmore Shipping reported Q2 net income of $60.5 million ($1.48 EPS), up from $9.0 million ($0.22 EPS) in the prior year, driven by significantly higher TCE rates and a $12.2 million gain on the sale of the Ardmore Engineer. The Board declared a dividend of $0.79 per share, consistent with its policy to pay out two-thirds of Adjusted earnings, bringing total 2026 dividend payments to $19.6 million.
Key figures
- Eps
- 1.48
- Revenue
- 116214000
- Guidance
- Q3 average spot TCE rate approx $29,600/day for MR tankers (45% fixed) and $25,000/day for chemical tankers (50% fixed)
- Net income
- 60515000
- Tce rate mr
- 51870
- Adjusted eps
- 1.18
- Adjusted ebitda
- 60645000
- Tce rate chemical
- 26887
- Dividend per share
- 0.79
- Gain on vessel sale
- 12201000
AI analysis
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