ASC - Ardmore Shipping Non-GAAP EPS of $1.30 beats by $0.01 revenue of $132.83M beats by $41.64M

• Ardmore Shipping press release ( NYSE: ASC ): Q4 Non-GAAP EPS of $1.30 beats by $0.01 .
• Revenue of $132.83M (+153.0% Y/Y) beats by $41.64M .
• MR Eco-Design tankers earned an average spot TCE rate of $43,174 per day for the three months ended December 31, 2022.
• Chemical tankers earned an average TCE rate of $28,544 per day for the three months ended December 31, 2022.

• In the first quarter of 2023, the Company expects to have all revenue days for its MR tankers employed in the spot market. As of February 14, 2023, the Company had fixed approximately 55% of its total MR revenue days for the first quarter of 2023 at an average TCE rate of approximately $37,500 per day which comprises MR Eco-Design tankers of $39,500 per day and MR Eco-Mod tankers of $32,000 per day.

• In the first quarter of 2023, the Company expects to have all revenue days for its Eco-Design IMO 2 product / chemical tankers employed in the spot market. As of February 14, 2023, the Company had fixed approximately 70% of its Eco-Design IMO 2 product / chemical tankers spot revenue days for the first quarter of 2023 at an average TCE rate of approximately $27,750 per day.

• Shares +1.63% PM.

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