---
schema_version: "secwatch.filing_event.v1"
accession: "0001596993-23-000048"
form_type: "8-K"
ticker: "LPG"
cik: "0001596993"
company_name: "DORIAN LPG LTD."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:35:43.994434+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001596993-23-000048
- form_type: 8-K
- ticker: LPG
- cik: 0001596993
- company_name: DORIAN LPG LTD.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000048/0001596993-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000048/lpg-20230802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596993-23-000048
- JSON: https://secwatch.observer/filing/0001596993-23-000048.json
- Plain text: https://secwatch.observer/filing/0001596993-23-000048.txt

## Key facts
- Earnings Releases
  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
  source text: ​ ● 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000048/0001596993-23-000048-index.htm

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