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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $81.20 mln | $47.10 mln (2 Analysts) |
Q3 EPS | $0.31 | ||
Q3 Adjusted Net Income | Beat | $12.60 mln | $11 mln (3 Analysts) |
Q3 Net Income | $12.10 mln |
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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)