Ardmore Shipping Corp (ASC)
NYSE:ASC
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.27Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial picture: solid Q1 results, accelerating spot rates into Q2, disciplined capital allocation (including doubling the dividend payout ratio), opportunistic asset sales and purchases with meaningful asset appreciation, and reduced near-term CapEx. Notable risks include geopolitical disruption in the Middle East, an aging global fleet with a thin newbuilding orderbook, some increase in debt pricing, and deliberate exposure to spot market volatility rather than locking long-term charters. Overall, the positive drivers (earnings, rates, capital returns, asset appreciation, and strategic newbuilds) outweigh the identified risks, which management positions as manageable and mostly medium-term.Company Guidance
Strong Q1 Financial Results
Adjusted earnings of $23.6 million (EPS $0.58) and adjusted EBITDAR of $37.3 million for Q1 2026. Declared dividend of $0.39 per share, aligned with new policy to pay 2/3 of adjusted earnings.
Robust TCE Performance and Spot Rate Momentum
MR tankers earned $33,700/day in Q1 and $52,100/day so far in Q2 (55% booked). Chemical tankers earned $22,300/day in Q1 and $32,500/day so far in Q2 (65% booked). MR spot rates are roughly 5x the operating cash breakeven of $10,800/day, supporting accelerating momentum into Q2.
Disciplined Capital Allocation and Shareholder Returns
Dividend payout ratio doubled to 2/3 of adjusted earnings effective Q1. Opportunistic sale agreed for a 2014 MR tanker at $35.5 million with delivery in June 2026. Over $100 million invested in three secondhand acquisitions that have appreciated ~30%–35% on a like-for-like basis.
Targeted Fleet Investment — Newbuild Orders
Ordered two Handysize product/chemical newbuilds at Wuhu Shipyard for $44.9 million each (includes $3 million upgrade package to IMO2 and MarineLine coatings); deliveries from late 2028 and option to acquire two additional vessels. Upgrades broaden cargo flexibility and access to premium cargoes.
Stronger Financial Flexibility and Lower Near-Term CapEx
Low cash breakeven $11,700/day ($10,800/day excluding dry dock CapEx). Fleet CapEx expected to decline to approximately $8 million in 2026 versus $30 million in 2025 (≈73% decline). Limited dry-docking activity through 2027 and access to revolving credit facilities; pro forma leverage described as modest.
Favorable Market Tailwinds Supporting Demand
Middle East disruptions and rerouting of product flows have roughly doubled voyage lengths from Atlantic to East, tightening effective supply and boosting ton-mile demand. Atlantic refining margins at highest levels since pandemic recovery create strong arbitrage and elevated trading activity prospects.
ASC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ASC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $18.79 | $18.87 | +0.43% |
Feb 12, 2026 | $13.50 | $13.03 | -3.53% |
Nov 05, 2025 | $12.11 | $12.29 | +1.47% |
Jul 30, 2025 | $10.37 | $10.51 | +1.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ardmore Shipping Corp (ASC) report earnings?
Ardmore Shipping Corp (ASC) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Ardmore Shipping Corp (ASC) earnings time?
Ardmore Shipping Corp (ASC) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASC EPS forecast?
ASC EPS forecast for the fiscal quarter 2026 (Q2) is 1.27.