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/Mis Actual Consensu

s s

Estimate

Q3 Beat $81.20 $47.10

Revenue mln mln (2

Analysts

)

Q3 EPS $0.31

Q3 Beat $12.60 $11 mln

Adjusted mln (3

Net Analysts

Income )

Q3 Net $12.10

Income 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 ( ASC ) 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:

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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.)