Ardmore Shipping (NYSE:ASC) Posts Earnings Results, Beats Expectations By $0.01 EPS

Posted by on Feb 14th, 2026

Ardmore Shipping (NYSE:ASC – Get Free Report) released its earnings results on Thursday. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01, FiscalAI reports. The business had revenue of $82.91 million during the quarter, compared to analyst estimates of $51.00 million. Ardmore Shipping had a net margin of 13.22% and a return on equity of 7.06%.

Here are the key takeaways from Ardmore Shipping’s conference call:

  • Ardmore is benefiting from a very strong freight market: reported MR TCEs of about $25k/day (Q4) and ~$29k/day (Q1, 50% booked)
  • Financial position strengthened—Ardmore refinanced into a $350m revolving facility, fully redeemed the $30m preferred, maintains a low cash break‑even (~$11.7k/day) and declared a quarterly dividend consistent with policy.
  • Operational moves are boosting returns: an intensive dry‑docking/upgrades program (including advanced cargo tank coatings) and AI/hull‑performance initiatives have raised cargo versatility and produced TCE premiums (management cites up to $6k/day) while cutting future CapEx (2026 forecast ~$5m).
  • Structural supply/demand tailwinds persist—sanctions and “dark fleet” activity have sidelined a material portion of tonnage and the MR fleet is ageing (avg ~15 years with scrapping candidates far exceeding the orderbook), supporting tighter utilization and longer ton‑miles.
  • Key risks remain: geopolitics and evolving trade routes create volatility, and a likely tougher global liquidity/financing environment (large sovereign and corporate issuance needs) could raise funding costs or constrain capital deployment.

Ardmore Shipping Stock Up 3.4%

Shares of Ardmore Shipping stock traded up $0.45 on Friday, hitting $13.55. 1,098,067 shares of the company traded hands, compared to its average volume of 576,123. Ardmore Shipping has a 12-month low of $8.32 and a 12-month high of $13.84. The company has a quick ratio of 4.08, a current ratio of 4.46 and a debt-to-equity ratio of 0.18. The company has a market cap of $550.20 million, a PE ratio of 15.22 and a beta of -0.09. The company has a 50-day moving average price of $11.73 and a 200 day moving average price of $11.86.

Ardmore Shipping Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. Ardmore Shipping’s payout ratio is currently 51.28%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Zions Bancorporation National Association UT bought a new position in shares of Ardmore Shipping in the 4th quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new position in shares of Ardmore Shipping in the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC lifted its stake in shares of Ardmore Shipping by 1,689.0% in the second quarter. EverSource Wealth Advisors LLC now owns 8,444 shares of the shipping company’s stock worth $81,000 after buying an additional 7,972 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Ardmore Shipping by 536.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,737 shares of the shipping company’s stock worth $84,000 after buying an additional 7,364 shares during the period. Finally, Quadrant Capital Group LLC acquired a new position in Ardmore Shipping in the 3rd quarter valued at $105,000. Institutional investors and hedge funds own 62.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASC. Evercore boosted their target price on Ardmore Shipping from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of Ardmore Shipping in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ardmore Shipping in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Ardmore Shipping has a consensus rating of “Moderate Buy” and an average price target of $15.00.

View Our Latest Research Report on Ardmore Shipping

Ardmore Shipping News Summary

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About Ardmore Shipping

(Get Free Report)

Ardmore Shipping Corporation is a Bermuda-based provider of seaborne transportation services for refined petroleum products. The company owns and operates a modern fleet of product tankers, including medium-range (MR), long-range 2 (LR2) and Aframax vessels. Ardmore Shipping focuses on the ocean carriage of clean and dirty petroleum products under time charters, bareboat charters and spot voyages, serving a diverse customer base that includes major oil companies and trading houses.

Since its founding in 2005, Ardmore Shipping has grown its fleet through newbuilding contracts, second-hand acquisitions and fleet renewals, aiming to maintain a high quality, fuel-efficient profile.

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Earnings History for Ardmore Shipping (NYSE:ASC)

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