Dorian LPG Q1 FY2024 net income $51.7M, EPS $1.28, revenue up 45% YoY

DORIAN LPG LTD.

2024-Q1 EPS reported $1.28 revenue$111,562,907

Net income $51.7M ($1.28 diluted EPS) vs $24.8M ($0.62) YoY; adjusted net income $48.9M.
Revenue $111.6M (+45% YoY); TCE rate $51,156/day (+29% YoY); fleet utilization 98.0%.
Declared irregular cash dividend of $40.4M, payable September 6, 2023.
Time chartered-in dual-fuel Panamax VLGC for 7 years with purchase options; fixed Cougar debt at 6.34%.
VLGC orderbook ~18% of global fleet; Baltic index averaged $95.73/tonne in Q2 2023.

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 First Quarter Fiscal Year 2024 results: revenue 111.6 million, net income 51.7 million, EPS 1.28.

Period: First Quarter Fiscal Year 2024
Revenue: 111.6 million
Net income: 51.7 million
EPS: 1.28
Result: reported results

Exact text from the filing

● Fixed the interest rate on the Cougar Japanese Financing Arrangement at 6.34% effective August 2023. Highlights for the First Quarter Fiscal Year 2024 ● Revenues of $111.6 million. ● Time Charter Equivalent (“TCE”) (1) rate per operating day for our fleet of $51,156. ● Net income of $51.7 million, or $1.28 earnings per diluted share (“EPS”), and

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Source: SEC EDGAR

accession 0001596993-23-000048

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