---
schema_version: "secwatch.filing_event.v1"
accession: "0001596993-23-000030"
form_type: "8-K"
ticker: "LPG"
cik: "0001596993"
company_name: "DORIAN LPG LTD."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T15:59:08.343379+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001596993-23-000030
- form_type: 8-K
- ticker: LPG
- cik: 0001596993
- company_name: DORIAN LPG LTD.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000030/0001596993-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000030/lpg-20230524x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596993-23-000030
- JSON: https://secwatch.observer/filing/0001596993-23-000030.json
- Plain text: https://secwatch.observer/filing/0001596993-23-000030.txt

## Key facts
- Earnings Releases
  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
  source text: 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) .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000030/0001596993-23-000030-index.htm
- Earnings Releases
  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
  source text: 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) .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000030/0001596993-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.