Ardmore Shipping Corp. Stock News

Ardmore Shipping Corporation (ASC) Q3 2024 Earnings Call Transcript

HAMILTON, Bermuda , Nov. 6, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2024. Highlights and Recent Activity Reported net income and Adjusted earnings of $23.3 million for the three months ended September 30, 2024, or $0.55 earnings and Adjusted earnings per basic share...

HAMILTON, Bermuda , Oct. 23, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings before the market opens Wednesday, November 6, 2024 and will host a conference call later in the day at 10:00 a.m. Eastern Time.

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ASC operates 26 vessels, including 20 MR and 6 chemical tankers, with a market cap of $720 million. The global refinery market is becoming more polarized and supportive of high shipping rates. I believe the market has plateaued, and the current environment is sustainable. The company is continuing to drive down its cash breakeven level to ensure long term success.

Ardmore Shipping Corporation operates a fleet of 26 Medium-Range product and chemical tanker vessels. Ardmore Shipping has positive net cash, low cash breakeven and a young fleet. The tanker market is currently dislocated, ensuring day rates remain high for the next quarters.

Ardmore Shipping Corporation (NYSE:ASC ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Anthony Gurnee - President, Chief Executive Officer Bart Kelleher - Chief Financial Officer Gernot Ruppelt - Senior Vice President and Chief Commercial Officer Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ben Nolan - Stifel Operator Good mor...