Dorian LPG Q3 FY2024 net income $100M ($2.47 EPS); TCE rate $76,337, up 44.7% YoY

DORIAN LPG LTD.

2024-Q3 EPS reported $5.65 revenue$419,325,872

Revenue of $163.1M (+57.8% YoY); net income $100.0M vs $51.3M in prior year.
Adjusted net income $106.0M ($2.62 adjusted diluted EPS); adjusted EBITDA $133.0M.
Declared $40.6M irregular cash dividend, payable Feb 27, 2024; cumulative dividends exceed $463M.
Ordered a new VLGC/Ammonia Carrier for delivery in H2 2026; upsized credit facility to $50M with $100M accordion.
Fleet utilization 93.6% (down from 97.8%) due to higher off-hire; average TCE rate surged 44.7%.

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 0.9

DORIAN LPG LTD. reported the three months ended December 31, 2023 results: revenue $163.1 million, net income $100.0 million, EPS $2.47 earnings per diluted share.

Period: the three months ended December 31, 2023
Revenue: $163.1 million
Net income: $100.0 million
EPS: $2.47 earnings per diluted share
Result: reported results

Exact text from the filing

● Declared an irregular cash dividend totaling $40.6 million to be paid on or about February 27, 2024. Highlights for the Third Quarter Fiscal Year 2024 ● Revenues of $163.1 million. ● Time Charter Equivalent (“TCE”) (1) rate per operating day for our fleet of $76,337. ● Net income of $100.0 million, or $2.47 earnings per diluted share (“EPS”), and

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Source: SEC EDGAR

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