Ardmore Shipping Corp (ASC) Form 6-K — Nov 3, 2026
Ardmore Shipping (NYSE: ASC) reported Q3 2026 net income of $16.3 million ($0.40/share), up from $12.1 million ($0.30) a year earlier, and nine-month net income of $100.4 million versus $26.7 million in 2025. The bigger story is forward momentum: with 45% of Q4 MR tanker days fixed, booked spot TCE is ~$57,600/day versus $27,031/day earned in Q3 — more than double — and chemical tankers are booked at ~$30,100/day versus $23,266 in Q3. Management says market momentum has 'accelerated into the fourth quarter' amid geopolitical disruption driving scarcity premiums.
Key figures
- Eps
- 0.4
- Revenue
- $87.7M (3Q26) / $291.8M (9M26)
- Guidance
- Q4 2026 MR spot TCE ~$57,600/day (45% fixed); chemical tanker spot TCE ~$30,100/day (60% fixed)
- Net Income
- $16.3M (3Q26); $100.4M (9M26)
- Total Debt
- $61.2M long-term debt (down from $127.0M at YE2025)
- Revenue Yoy
- +8% (3Q: $87.7M vs $81.2M); +28% (9M: $291.8M vs $227.3M)
- Total Assets
- $776.8M
- Cash Position
- $47.5M (plus $253.6M undrawn revolvers = $301.1M total liquidity)
- Adjusted eps 9m
- 2.16
- Dividend per share
- 0.27
- Dividend record date
- 2026-11-27
- Fleet tce q3 per day
- 25358
- Vessels in operation
- 24
- Dividend payment date
- 2026-12-15
- Newbuildings on order
- 6
- Gain on vessel sale musd
- 34.3
- Adjusted earnings 9m musd
- 88.2
- Adjusted earnings q3 musd
- 16.3
- Q4 2026 mr spot tce booked
- ~$57,600/day
- Q3 2026 mr spot tce per day
- 27031
- Q4 2026 chem spot tce booked
- ~$30,100/day
- Q3 2026 chem spot tce per day
- 23266
- Remaining newbuild installments musd
- 257.8
AI analysis
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