Ardmore Shipping Corp (ASC) Form 6-K — Nov 3, 2026
Ardmore Shipping (NYSE: ASC) reported Q3 2026 net revenue of $87.7 million, up 8% year over year, with net income of $16.3 million versus $12.8 million a year earlier. Nine-month net income surged to $100.4 million from $28.6 million, driven by higher spot charter rates (Q3 TCE of $25,358/day, up $1,883) and a $12.2 million gain on the June sale of the Ardmore Engineer. The Board declared a Q3 dividend of $0.27 per share under its variable payout policy of two-thirds of adjusted earnings, payable December 15 to holders of record November 27.
Key figures
- Eps
- 0.4
- Revenue
- 87711000
- Guidance
- No formal guidance; six newbuilding deliveries scheduled from late 2028 onward with ~$257.8M remaining installment payments.
- Net Income
- 16348000
- Total Debt
- 61215000
- Revenue Yoy
- 8% (Q3)
- Total Assets
- 776778000
- Cash Position
- 47500000
- Q3 2026 revenue
- $87.7M (+8% YoY)
- Total liquidity
- $301.1M
- Dividend per share
- $0.27 (Q3 2026)
- Nine month revenue
- $291.8M (+28% YoY)
- Q3 tce rate per day
- 25358
- Nine month net income
- $100.4M (vs $28.6M prior year, +251%)
- Newbuild commitment total
- $276.2M
- Nine month tce rate per day
- 30643
- Vessel sale ardmore endeavour
- $34.3M
- Gain on vessel sold nine months
- $12.2M
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.