ASC · ARDMORE SHIPPING Q2 FY2026 earnings call record财报电话会记录

“A replay of the conference call will be accessible any time during the next week by dialing 1-888-660-6345 or 1-646-517-4150 and entering passcode 94353.”

“Adjusted earnings were $48.3 million, or $1.18 per share.”

“In addition to long-term sectoral trends, the continued disruption in the Middle East is driving higher refining margins and long-haul volumes, boosting product tanker TCE rates.”

“We are declaring a dividend of $0.79 per share, in line with our policy of paying out two-thirds of adjusted earnings.”

“So far in the third quarter, with 45% booked, MRs earned $29,600 per day, which represents a year-over-year uplift of 20%.”

“So far in the third quarter, with 50% booked, chemical tankers earned $25,000 per day, which represents a year-over-year increase of 10%.”

“We are declaring our 15th consecutive quarterly dividend, representing a yield of approximately 20%, reflecting the doubling of our payout level as introduced earlier this year.”

“Higher oil volumes are anticipated to boost refinery throughput and support an extended period of elevated trading activity as inventories are replenished.”

“Our low operating cash break-even of $10,800 per day or $11,700 per day, including pro rata dry dock CapEx, gives us significant financial flexibility.”

“Existing fleet CapEx for the balance of 2026 is estimated at only $3 million.”

“We continue to take a disciplined and deliberate approach to capital allocation, distributing two-thirds of earnings while executing on targeted and measured growth.”

“If you think about what we discussed here, we're tracking long-term oil demand growth.”