Ardmore Shipping stock reports strong second quarter earnings

Published on 10/05/2026 at 12:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ardmore Shipping stock posted USD 1.18 EPS and USD 116.21 million revenue in Q2 2026. The quarterly dividend rose to USD 0.79 from USD 0.39.

ASC, MHY0207T1001, Illustration mit AI erstellt.

Ardmore Shipping stock (ISIN MHY0207T1001) was last at USD 19.30 on the NYSE on October 2, 2026, after the company reported quarterly EPS of USD 1.18 and revenue of USD 116.21 million for the period ended June 30. The Q2 figures put earnings and revenue above the published consensus estimates of USD 1.11 and USD 86.30 million, respectively, according to MarketBeat on October 1, 2026.

Q2 earnings beat estimates

The USD 1.18 quarterly EPS exceeded the USD 1.11 estimate by USD 0.07. Revenue of USD 116.21 million also surpassed the USD 86.30 million expectation, creating a USD 29.91 million difference between reported sales and the estimate cited by MarketBeat.

The latest company release listed on Ardmore Shipping's investor-relations site covers the three and six months ended June 30, 2026, while the investor calendar identifies the company as a New York Stock Exchange listed owner and operator of product and chemical tankers.

Dividend rises to USD 0.79

Ardmore Shipping also raised its quarterly dividend to USD 0.79 from USD 0.39, according to MarketBeat. The new rate implies USD 3.16 in annualized dividends and a 17.0 percent yield, while the payout ratio stood at 122.01 percent in the same October 1 report.

That combination gives ASC a clear income angle, but the payout ratio also shows why future distributions remain tied to tanker earnings and cash generation. The company operates product and chemical tankers serving refined petroleum and chemical cargo markets.

Consensus target trails the quote

Yahoo Finance lists one analyst for the September 2026 quarter, with a consensus GAAP EPS estimate of USD 0.62, compared with USD 0.31 for the year-ago quarter. For full-year 2026, two analysts project consensus GAAP EPS of USD 2.90, while the 2027 estimate is USD 0.82.

MarketBeat reports a consensus Buy rating from three analysts and an average price target of USD 17.00. The target is below the October 2 quote, so the market price already sits above the published average target.

ASC stays near its yearly high

ASC was last at USD 19.30 on October 2, 2026, at 4:00 p.m. ET, with a daily change of 0.26 percent. The session volume was 525,912 shares, the market capitalization was USD 787.5 million, and the 52-week range was USD 10.31 to USD 20.03.