Stock Data
$0.14 (0.77%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
MARINE SHIPPING
Ardmore Shipping Corp specializes in the global maritime transport of petroleum products and chemicals. With a fleet that includes both owned and chartered-in vessels, Ardmore stands out for its commitment to eco-friendly shipping solutions. Founded in 2010 and based in Pembroke, Bermuda, the company serves a diverse clientele, including oil majors, chemical traders, and pooling service providers, emphasizing efficiency and environmental responsibility in its operations.
Ardmore's MR tanker spot rates exploded to $51,870 per day—nearly double last year's level—fueling a 38% revenue beat and 6.8% EPS surprise as geopolitical trade disruptions widen shipping lanes. The board declared a $0.79 dividend while signaling Q3 moderation, though current bookings still run well above seasonal norms.
Ardmore Shipping's fleet average time charter rate surged 69% to $38,073 per day, sending net income rocketing 530% to $60.52 million and earnings per share to $1.48, crushing analyst expectations by 34% while beating revenue by 38% on $116.2 million in sales—now the company is plowing back with a $0.79 variable dividend and four new tanker orders.
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