secwatch.observer — SEC 8-K summary
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Issuer:     DORIAN LPG LTD. (LPG)
CIK:        0001596993
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001596993-23-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596993/000159699323000048/0001596993-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596993/000159699323000048/lpg-20230802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001596993-23-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer