{
  "id": 18028765,
  "title": "Ardmore Shipping Corporation Announces Improved Third Quarter Financial Results",
  "url": "https://urgent.news/2026/11/03/ardmore-shipping-corporation-announces-improved-third-quarter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T22:00:37.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/ardmore-shipping-corporation-announces-improved-third-quarter-financial-results/"
  },
  "original_language": "en",
  "account": "Ardmore Shipping Corporation reported improved third quarter financial results for the period ended September 30, 2026. The company's net income attributable to common stockholders increased to $16.3 million, or $0.40 per share, from $12.1 million in the same period last year. Adjusted earnings also saw a significant rise, reaching $16.3 million, or $0.40 per share, compared to $12.6 million in the previous year.\n\nMeanwhile, for the nine months ended September 30, 2026, net income attributable to common stockholders totaled $100.4 million, or $2.46 per share, up from $26.7 million in the previous nine months. Adjusted earnings for the same period were $88.2 million, or $2.16 per share, compared to $27.2 million in the prior year.\n\nMR tankers earned an average spot TCE rate of $27,031 per day for the quarter, while chemical tankers had an average rate of $23,266 per day. Based on approximately 45% of total revenue days fixed for the fourth quarter of 2026, MR tankers are projected to have an average spot TCE rate of $57,600 per day. Chemical tankers are expected to have an average rate of $30,100 per day.\n\nIn line with the company's policy, Ardmore Shipping declared a dividend of $0.27 per common share on November 3, 2026, payable on December 15, 2026, to shareholders of record on November 27, 2026.\n\nThe company also announced the opportunistic sale of the Ardmore Endeavour, a 2013-built, STX-built tanker with no scrubber, for $34.3 million, which was delivered to the buyer in October 2026. Additionally, the company has ordered six 40,500 dwt Handysize tankers from Wuhu Shipyard, with deliveries scheduled from late 2028 onwards.",
  "summary": "Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2026. Highlights and Recent Activity Reported net income attributable to common stockholders of $16.3 million for the three months ended September 30, 2026, or $0.40 earnings per basic and diluted share, compared to net income attributable to common stockholders of $12.1 ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}