Ardmore Shipping Q3 revenue, profit beat estimates on fleet expansion

Overview

• Ardmore Q3 2025 revenue of $81.2 mln beats analyst expectations

• Adjusted net income for Q3 2025 beats estimates at $12.6 mln

• Company completed acquisition of three Korean-built MR tankers for $103.9 mln

Outlook

• Ardmore expects 4Q 2025 MR tanker TCE rate at $24,900 per day

• Company anticipates 4Q 2025 chemical tanker TCE rate at $22,200 per day

• Geopolitical tensions and trade shifts expected to impact tanker rates

Result Drivers

• FLEET EXPANSION - Acquisition of three modern MR tankers increased fleet capacity and lowered average fleet age

• GEOPOLITICAL IMPACT - Geopolitical tensions and trade shifts have influenced tanker rates and trading patterns

• TIME CHARTER - Commitment of a 2014-built MR on a two-year time charter at $21,250 per day to a top-tier oil major

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy"

• Wall Street's median 12-month price target for Ardmore Shipping Corp is $13.00, about 5.5% above its November 4 closing price of $12.28

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPn3Gsbjfa

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