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Ardmore Shipping (ASC)
NYSE:ASC
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
1.13Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 5.05%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Ardmore Shipping's strong financial performance, strategic investments, and positive market positioning, despite facing macroeconomic uncertainties and asset value volatility. The company's robust earnings, dividend declaration, and leadership transitions were notable positives, while geopolitical uncertainty and asset value fluctuations presented challenges.Company Guidance
During Ardmore Shipping's first quarter 2025 earnings call, the company provided detailed guidance on various metrics. They announced adjusted earnings of $5.6 million, or $0.14 per share, and declared a quarterly cash dividend consistent with their policy of paying out one-third of adjusted earnings. Their MR tankers earned $20,900 per day in the first quarter and $22,100 per day with 50% of the second quarter booked, while chemical tankers earned $15,000 per day in the first quarter and $19,500 per day with 60% of the second quarter booked. The company maintained a low cash break-even level of $11,500 per day, with further reductions expected due to strategic fleet upgrades. They reported EBITDAR of $18.5 million for the first quarter and highlighted their commitment to capital allocation, with a focus on reducing debt and investing in fleet efficiency projects. Additionally, Ardmore announced management changes, emphasizing internal promotions and strategic continuity.Robust Earnings and Dividend Declaration
Ardmore Shipping announced first quarter adjusted earnings of $5.6 million, or $0.14 per share, and declared a quarterly cash dividend consistent with their policy of paying out one-third of adjusted earnings.
Strong TCE Performance
MR earnings were $20,900 per day for the first quarter and $22,100 per day for the second quarter with 50% booked. Chemical tankers earned $15,000 per day for the first quarter and $19,500 per day for the second quarter with 60% booked.
Strategic Fleet Investments
Ardmore upgraded tank coatings on four chemical tankers to increase cargo flexibility and boost earnings. The company continues to invest in efficiency projects across its fleet, achieving IRRs ranging from 20% to over 100%.
Positive Supply Side Dynamics
The global MR fleet is aging, with more than 50% over 20 years old within the next five years, while the current order book represents only 14% of the fleet.
Leadership Transition
Ardmore announced the promotion of Robert Gaina to COO and John Russell to CFO, reflecting a commitment to internal talent development.
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ASC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $9.90 | $9.73 | -1.72% |
Feb 13, 2025 | $11.44 | $10.63 | -7.08% |
Nov 06, 2024 | $13.40 | $12.89 | -3.81% |
Jul 31, 2024 | $20.00 | $20.73 | +3.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ardmore Shipping (ASC) report earnings?
Ardmore Shipping (ASC) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Ardmore Shipping (ASC) earnings time?
Ardmore Shipping (ASC) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASC EPS forecast?
ASC EPS forecast for the fiscal quarter 2025 (Q2) is 0.19.
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