Business UpdateMay 1, 2026, 04:08 PM
Ardmore Shipping 2025 Adj. EPS $0.95; Fleet TCE $22,600/day
AI Summary
Ardmore Shipping Corporation filed its Form 6-K, attaching the Proxy Statement for its 2026 Annual Meeting of Shareholders. The company reported solid operating and financial results for 2025, achieving adjusted earnings of $0.95 per share and a full-year fleet Time Charter Equivalent (TCE) of $22,600 per day. Ardmore also reduced its cash breakeven level to $11,700 per day, expanded its owned fleet by nearly 15%, and consistently returned capital to shareholders through quarterly dividends. The Annual Meeting is scheduled for June 15, 2026, where shareholders will vote on the election of three Class I directors.
Key Highlights
- 2025 adjusted earnings: $0.95 per share.
- 2025 full-year fleet Time Charter Equivalent (TCE): $22,600 per day.
- Cash breakeven level reduced to $11,700 per day.
- Owned fleet expanded by nearly 15%.
- Consistently returned capital to shareholders via quarterly dividend.
- 2026 Annual Meeting of Shareholders scheduled for June 15, 2026.
- Recognized as top-ranked publicly traded tanker company on Webber Governance Scorecard.