Q2 2026 Ardmore Shipping Corp Earnings Call Transcript

Jul 29, 2026 / 02:00 PM GMT

Release Date Price: €14.28 (-0.35%)

Transcript

Key Points

Positve

Ardmore Shipping Corp (ASC) reported strong adjusted earnings of $48.3 million or $1.18 per share for the second quarter.
The company declared a dividend of $0.79 per share, maintaining its policy of paying out two-thirds of adjusted earnings.
ASC exercised options on two additional handy-sized tankers, expanding their order to four vessels, with deliveries starting in late 2028.
The company's TCE rates for MR tankers were significantly above the operating cash breakeven, indicating strong market conditions.
ASC maintains a low operating cash breakeven of $10,800 per day, providing financial flexibility across market conditions.

Negative

The ongoing disruption in the Middle East poses a risk to market stability and could impact future earnings.
The Panama Canal's water level issues could affect canal throughput, potentially impacting shipping routes and costs.
The Russian diesel export ban has led to a decline in Russian clean product exports, affecting market dynamics.
The average age of the MR fleet is nearly 14 years, indicating potential future challenges with fleet modernization.
The energy transition is proceeding slower than anticipated, which could impact long-term demand for product tankers.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASC.N - Ardmore Shipping Corp
Q2 2026 Ardmore Shipping Corp Earnings Call
Jul 29, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to Atmos Shipping's second quarter 2026 earnings conference call.

Today's call is being recorded and an audio webcast and presentation are available in the Investor Relations section of the company's website, www.odmoreshipping.com.

We will conduct a question-and-answer session after the opening remarks. Instructions will follow at that time.

A replay of the conference call will be accessible anytime during the next week by dialing 1-888-660-6345. Or 1-646-517-4150 and entering passcode 94,353.

At this time, I will turn the call over to Gurnad Rupel, Chief Executive Officer of Ardmore Shipping.

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