Ardmore Shipping

Ardmore Shipping Corp. engages in the provision of seaborne transportation of petroleum products and chemicals worldwide. It also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.

Earnings data Q1 2021

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Ardmore Shipping excels in record earnings amidst environmental challenges

Ardmore Shipping's strong financial performance, focus on balance sheet strength, and strategic growth initiatives position it well in volatile markets. The company faces challenges with environmental regulations but sees opportunities in energy transition investments and strategic growth decisions.

Ardmore Shipping reports robust Q1 earnings and optimistic market outlook

Ardmore Shipping delivered strong Q1 earnings driven by solid TCE rates and market performance. The company's prudent capital allocation strategy and focus on sustainability position it well for future growth. Despite market challenges and uncertainties, Ardmore's strong financial position and positive market outlook offer opportunities for continued success.

Ardmore Shipping (ASC) posts strong Q2 earnings amidst positive market outlook

Ardmore Shipping (ASC) delivered robust financial results in Q2 2023, showcasing operational excellence and strategic capital allocation. Despite market challenges, the company remains well-positioned to leverage industry dynamics and capitalize on growth opportunities. Investors can expect continued focus on fleet optimization, deleveraging, and maximizing shareholder returns.

Ardmore Shipping reports strong Q3 earnings, eyes growth opportunities

Ardmore Shipping's Q3 performance reflects a resilient business model in the tanker market, poised for growth amidst favorable market conditions. The company's strategic focus on energy efficiency and capital allocation priorities position it well for future opportunities and challenges.

Ardmore Shipping reports robust Q1 earnings amidst positive market outlook

Ardmore Shipping's Q1 2024 performance reflects strong earnings driven by fleet performance and market dynamics, with a positive outlook for the industry.
The company's strategic focus on efficiency upgrades, capital allocation, and market opportunities positions it well for future growth and resilience.
While facing challenges in fleet management and capital decisions, Ardmore Shipping remains proactive in addressing industry trends and enhancing shareholder value.

Ardmore Shipping posts strong Q2 earnings amidst leadership transition

Ardmore Shipping's Q2 performance reflects strong earnings and a positive market outlook supported by robust industry fundamentals.
The company's focus on continuity in strategy, fleet modernization, and technology integration underscores a commitment to long-term growth.
While facing challenges such as leadership transition and market uncertainties, Ardmore Shipping is well-positioned to leverage opportunities for growth and operational enhancement.

Ardmore Shipping excels in Q3 earnings, eyes growth opportunities

Ardmore Shipping's Q3 performance reflects strong earnings, positive market outlook, and strategic capital allocation policies.
While facing challenges in cost management and market uncertainties, the company aims to leverage opportunities for growth and value creation.
By focusing on fleet investments, dividends, and debt reduction, Ardmore Shipping aims to deliver shareholder value amidst evolving market dynamics.

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Ardmore Shipping Corp. provides seaborne transportation of petroleum products and chemicals. It engages in the provision of seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with modern, fuel-efficient fleet of mid-size products and chemical tankers. The firm also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.

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Are Investors Undervaluing Ardmore Shipping (ASC) Right Now?

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In the most recent trading session, Ardmore Shipping (ASC) closed at $14.25, indicating a -0.7% shift from the previous trading day.

Ardmore Shipping (ASC) Stock Declines While Market Improves: Some Information for Investors

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Ardmore is focused on products and chemical tankers. The fleet's average age is 9.3 years. The trinity of tight ship supply, growing vessel demand, and geopolitical catalysts mean we are in the middle of another shipping bull cycle. The Company has a solid balance sheet with $50 million cash and $102 million total debt. Net leverage dropped from 34% to 14% YoY.

Ardmore Shipping: Quality Company At A Discount To Play The Shipping Cycle

Ardmore Shipping's stock has been on a bit of a rollercoaster ride along with spot rates for MR vessels. ASC is well-positioned to benefit from an improving spot market for refined products and chemical tankers, with its entire fleet tied to the spot market. The stock looks like an attractive way to play the current market for clean product tankers.

Ardmore Shipping Set To Benefit From Improving Spot Rates

Is Ardmore Shipping (ASC) a Great Value Stock Right Now?

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Ardmore Shipping Corp has been generating positive cash flows and experiencing its best quarters ever. The company is optimistic about its future outlook due to seasonal effects, trading restrictions, limited new tankers, and congestion at the Panama Canal. ASC has a strong financial position, low debt, and more cash on hand than current liabilities, making it an appealing investment option.

Why I Continue To Include Ardmore Shipping In My Value Portfolio

Ardmore Shipping Corporation (NYSE:ASC ) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Anthony Gurnee - Founder, President, CEO & Director Bart Kelleher - Secretary & CFO Conference Call Participants Omar Nokta - Jefferies Benjamin Nolan - Stifel, Nicolaus & Company Operator Good morning, ladies and gentlemen, and welcome to the Ardmore Shipping's Third Quarter 2023 Earnings Conference Call. Today's call is being recorded, and an audio webcast and presentation are available in the Investor Relations section of the company's website, ardmoreshipping.com.

Ardmore Shipping Corporation (ASC) Q3 2023 Earnings Call Transcript

HAMILTON, Bermuda , Nov. 7, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2023. Highlights and Recent Activity Reported net income of $20.3 million for the three months ended September 30, 2023, or $0.49 earnings per basic and diluted share, compared to net income of $61.0 million, or $1.57 earnings per basic share and $1.52 earnings per diluted share for the three months ended September 30, 2022.

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2023

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Ardmore Shipping (ASC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ardmore Shipping (ASC) Expected to Beat Earnings Estimates: Should You Buy?

Revenues are likely to have been impressive at Ardmore Shipping (ASC) in Q3.

What's in Store for Ardmore Shipping (ASC) in Q3 Earnings?

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Ardmore is the cheapest product tanker stock and is currently lagging behind its peers. Improved shareholder returns are expected in the near future, which could help close the valuation gap. Best tanker market in the last decade.

Ardmore Shipping: Lagging Peers, Time To Catch Up

Ardmore Shipping (ASC) reachead $13.69 at the closing of the latest trading day, reflecting a +0.59% change compared to its last close.

Ardmore Shipping (ASC) Advances While Market Declines: Some Information for Investors

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HAMILTON, Bermuda , Oct. 24, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings before the market opens Tuesday, November 7, 2023 and will host a conference call later in the day at 10:00 a.m. Eastern Time.

Ardmore Shipping Announces Third Quarter 2023 Conference Call and Webcast

Ardmore is a company that offers international maritime transportation services, particularly oriented to the transportation of high-risk chemicals, sustainable fuels, and petroleum products. Ardmore's strategy is currently focused on the three-stage transformation of its business model and is particularly oriented toward future growth in the trade and use of sustainable fuels. I really believe that the efforts made by management in terms of communicating sustainability initiatives could bring significant attention from new investors.

Ardmore Shipping: Transformation Phase, Sustainability Efforts, And Cheap

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In the latest trading session, Ardmore Shipping (ASC) closed at $12.44, marking no change from the previous day.

Ardmore Shipping (ASC) Flat As Market Sinks: What You Should Know

Ardmore Shipping's Q2 likely marked a trough in TCE rates. TCE rates have since rebounded, which should lead to better results moving forward. Expect a similar dividend in Q3 as Q2, and then a nice increase in Q4 if rates hold up.

News for Ardmore Shipping Stock (ASC)