Ardmore Shipping Corp (ASC) Form 6-K — Jul 29, 2026
Ardmore Shipping reported strong financial results for the second quarter of 2026, with net income attributable to common stockholders surging to $60.5 million from $9.0 million in the prior year period. Revenue increased 61% to $116.2 million, driven by significantly higher spot charter rates which boosted the average Time Charter Equivalent (TCE) rate to $38,073 per day. The company declared a cash dividend of $0.79 per share, reflecting its variable dividend policy based on adjusted earnings. Ardmore also completed the sale of the Ardmore Engineer vessel for $35.5 million, resulting in a $12.2 million gain, and exercised options for two additional newbuildings.
Key figures
- Eps
- 1.48
- Revenue
- 116214000
- Net Income
- 60515000
- Revenue Yoy
- 61%
- Cash Position
- 48138000
- Tce Rate
- 38073
- Liquidity
- 342100000
- Dividend Per Share
- 0.79
- Gain On Vessel Sold
- 12201000
AI analysis
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