Ardmore Shipping

Ardmore Shipping reported Q1 adjusted earnings of $23.6 million ($0.58 per share) and declared a $0.39 per share dividend under a new policy to pay two-thirds of adjusted earnings. Management said Middle East disruptions have tightened the product tanker market, lifting MR spot TCEs to about $52,100/day so far in Q2 (Q1: $33,700) and supporting further momentum. The company ordered two handysize product/chemical tankers at $44.9 million each with deliveries from late 2028, expects 2026 capex to fall sharply and plans to rebalance capital allocation between dividends, buybacks, reinvestment and debt management. » More on finance.yahoo.com

Ardmore Shipping reported Q1 2026 EPS of $0.58 vs. $0.47 expected and revenue of $87.92 million vs. $57 million expected. Adjusted EBITDA was $37.3 million; the dividend was increased to two-thirds of adjusted earnings ($0.39 per share). Management signals continued high TCE rates, lower CAPEX and sees opportunities from geopolitical shifts; the stock climbed 2.39% pre-market near its 52-week high. » More on de.investing.com

Ardmore Shipping has set its annual general meeting for June 15, 2026, at Dorchester House, Hamilton, Bermuda; the record date is April 21, 2026, with 40,802,614 shares of common stock outstanding. Shareholders will vote on the election of three Class I directors (Mats Berglund, Kirsi Tikka, Gernot Ruppelt) for three-year terms and other specified business items. The board of directors is majority independent, has four standing committees, and reports on compensation (executive management $4.3 million, non‑employee directors $65,000 annually), RSU allocations and no outstanding Stock Appreciation Rights as of December 31, 2025. Major shareholders at the record date were BlackRock (6.5%), Dimensional Fund Advisors (6.0%), Scorpio Holding (5.6%) and Alder Tree Investments (5.0%); the auditor was Deloitte with audit fees of $0.6 million. » More on de.investing.com