Ardmore Shipping announced their Q3 2025 results on 11/05
- Rev of $81.2M
- Adj earnings of $12.6M
- Declared div of 10c/sh (increase from 7c/sh)
- TCE daily: MRs $24,700 Chem tankers $22,600
( The infographic button was more useful for company stats; the presentation was more useful for market data)
Company has low breakeven and recently fixed a vessel on a 2-year charter (rate not too impressive)
I owned a small position in Ardmore Shipping (ASC) at the end of 2024, and sold my shares in Feb 2025. Vague idea that low debt was the motivation for jumping in and making the ASC purchase - definitely a buy high, sell low situation. ASC has added vessels to its fleet, and debt has increased (still a low debt-per-vessel shipping company. Just not as low as before)