Dorian LPG reports record FY2023 net income $172.4M; Q4 EPS $1.89

DORIAN LPG LTD.

2023-FY EPS reported $4.29 revenue$389,749,215

Q4 revenue $133.6M, net income $76.0M ($1.89 diluted EPS); adjusted net income $78.1M ($1.94 adjusted EPS).
FY2023 revenue $389.7M, net income $172.4M ($4.29 EPS); adjusted EPS $4.22.
TCE rate Q4 $68,135 per day (+57.1% YoY); FY $50,462 (+45.6% YoY); fleet utilization 95.7% in Q4.
Returned ~$225M to shareholders via irregular dividends in FY2023; $40.4M paid in May 2023.
Took delivery of dual-fuel VLGC Captain Markos; time chartered-in two dual-fuel Panamax VLGCs for seven years.

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 fiscal year ended March 31, 2023 results: revenue $389.7 million, net income $172.4 million, EPS $4.29.

Period: fiscal year ended March 31, 2023
Revenue: $389.7 million
Net income: $172.4 million
EPS: $4.29
Result: reported results

Exact text from the filing

Revenues of $389.7 million. ◾ TCE (1) per operating day rate for our fleet of $50,462. ◾ Net income of $172.4 million, or $4.29 EPS, and adjusted net income (1) of $169.7 million, or $4.22 adjusted EPS (1) .

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DORIAN LPG LTD. reported three months ended March 31, 2023 results: revenue $133.6 million, net income $76.0 million, EPS $1.89.

Period: three months ended March 31, 2023
Revenue: $133.6 million
Net income: $76.0 million
EPS: $1.89
Result: reported results

Exact text from the filing

Revenues of $133.6 million. ◾ Time charter equivalent (“TCE”) (1) per operating day rate for our fleet of $68,135. ◾ Net income of $76.0 million, or $1.89 earnings per diluted share (“EPS”), and adjusted net income (1) of $78.1 million, or $1.94 adjusted diluted earnings per share (“adjusted EPS”) (1) .

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Source: SEC EDGAR

accession 0001596993-23-000030

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