Ardmore Shipping Corporation filed its third-quarter 2026 earnings release on November 3, 2026, reporting net income attributable to common stockholders of $16.3 million for the three months ended September 30, 2026, alongside a declared dividend and a vessel sale.

Key Highlights

  • Q3 2026 net income: $16.3 million, or $0.40 per basic and diluted share, up from $12.1 million, or $0.30 per share, in Q3 2025.
  • Nine-month net income: $100.4 million for the nine months ended September 30, 2026, compared to $26.7 million for the same period in 2025.
  • Dividend declared: $0.27 per common share for Q3 2026, payable December 15, 2026, to shareholders of record on November 27, 2026.
  • Vessel sale: The Ardmore Endeavour (2013-built, STX, no scrubber) was sold for $34.3 million and delivered to the buyer in October 2026.
  • Q4 2026 spot rates (as of November 3, 2026): MR tankers approximately $57,600 per day (45% of revenue days fixed); chemical tankers approximately $30,100 per day (60% fixed).
  • Newbuilding expansion: The Company exercised options for two additional 40,500 dwt Handysize tankers at Wuhu Shipyard, bringing the total order to six vessels with deliveries scheduled from late 2028 onward.
  • Fleet size: 24 vessels in operation as of September 30, 2026, comprising 18 Eco-Design MR tankers and six Eco-Design IMO 2 product/chemical tankers.

Ardmore Shipping's Q3 2026 Earnings, Dividend, and Fleet Activity

According to the filing, Ardmore Shipping Corporation (NYSE:ASC) reported net income attributable to common stockholders of $16.3 million, or $0.40 per basic and diluted share, for the three months ended September 30, 2026. This compares to $12.1 million, or $0.30 per share, for the same quarter in 2025. Adjusted earnings for Q3 2026 were also $16.3 million, or $0.40 per basic and diluted share, versus Adjusted earnings of $12.6 million, or $0.31 per share, in Q3 2025.

For the nine months ended September 30, 2026, the company disclosed net income attributable to common stockholders of $100.4 million, or $2.46 per basic share and $2.45 per diluted share. The corresponding nine-month Adjusted earnings were $88.2 million, or $2.16 per basic share and $2.15 per diluted share. The filing noted that the main driver of the variance between net income and Adjusted earnings for the nine-month period was a $12.2 million gain on the sale of the Ardmore Engineer in June 2026. During Q3 2026, MR tankers earned an average spot TCE rate of $27,031 per day, while chemical tankers earned $23,266 per day. The company also reported paying $18.4 million in installments for two newbuildings during the quarter, with estimated remaining installment payments of $257.8 million across six vessels through 2030.

The Board of Directors declared a cash dividend of $0.27 per common share on November 3, 2026, consistent with the company's variable dividend policy of distributing two-thirds of Adjusted earnings. The filing also disclosed the agreed sale of the Ardmore Endeavour for $34.3 million, with delivery to the buyer completed in October 2026. As of September 30, 2026, the company reported no scheduled drydocking days in the fourth quarter of 2026.

What Was Disclosed

Ardmore Shipping reported Q3 2026 and nine-month 2026 financial results, declared a $0.27 per share dividend, disclosed the sale of the Ardmore Endeavour for $34.3 million, and announced the expansion of its newbuilding program to six vessels at Wuhu Shipyard.