Dorian LPG Q1 net income $24.8M ($0.62 EPS); declares $1.00/share irregular dividend

DORIAN LPG LTD.

2022-Q3 EPS reported $0.62 revenue$76,823,722

Net income $24.8M ($0.62 EPS) vs $5.9M ($0.14 EPS) a year ago; adjusted EPS $0.56.
Revenue $76.8M, up 22% YoY; TCE rate $39,608/day, up 25.5%.
Adjusted EBITDA $46.9M, up from $29.8M.
Irregular dividend $1.00/share (~$40M total), payable Sept 2, 2022 to holders of record Aug 15, 2022.
Entered $260M debt facility to refinance existing debt and releverage Corvette.

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