Ardmore Shipping nine-month 2026 net income more than triples to USD 100.45 million
ASC•Ardmore Shipping's nine-month net income attributable to common stockholders more than tripled year over year to USD 100.45 million. Third-quarter net income rose 35% to USD 16.35 million, while revenue increased 8% to USD 87.71 million.
1. Quarterly results
Ardmore Shipping's third-quarter 2026 net income attributable to common stockholders climbed 35% year over year to USD 16.35 million. Revenue rose 8% to USD 87.71 million, primarily driven by higher spot charter rates; nine-month net income more than tripled year over year to USD 100.45 million.
2. Fleet updates
The Ardmore Endeavour sold for USD 34.3 million and was delivered to the buyer in October 2026. Exercising options for two additional Handysize tankers expanded the newbuilding order to six vessels, with deliveries scheduled from late 2028 onward.
