Dorian LPG Q2 FY23 net income $20.3M, EPS $0.51; declares $1.00/share dividend

DORIAN LPG LTD.

2023-Q2 EPS reported $1.12 revenue$152,791,909

Net income $20.3M ($0.51 diluted EPS) vs $14.1M ($0.35) a year ago; adjusted net income $17.2M ($0.43 adjusted EPS).
Revenue $76.0M, up 20.4% YoY; TCE rate $40,632 per operating day, up 31.1% YoY.
Declared irregular $1.00/share dividend ($40.4M total) payable Nov 7, 2022; total cash returned ~$500M since IPO.
Entered $240M debt facility to refinance debt; extended time charters on Future Diamond (thru Q1 2025) and Corsair (thru Q4 2024).
Adjusted EBITDA $46.2M vs $37.9M prior year (up 22%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DORIAN LPG LTD. reported Second quarter fiscal year 2023 (three months ended September 30, 2022) results: revenue $76.0 million, net income $20.3 million, EPS $0.51 per diluted share.

Period: Second quarter fiscal year 2023 (three months ended September 30, 2022)
Revenue: $76.0 million
Net income: $20.3 million
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

Highlights for the Second Quarter Fiscal Year 2023 ● Revenues of $76.0 million. ● Time Charter Equivalent (“TCE”) (1) rate per operating day for our fleet of $40,632. ● Net income of $20.3 million, or $0.51 earnings per diluted share (“EPS”), and adjusted net income (1) of $17.2 million, or $0.43 adjusted earnings per diluted share (“adjusted EPS”). (1) ● Adjusted EBITDA (1) of $46.2 million.

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Source: SEC EDGAR

accession 0001596993-22-000065

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