---
schema_version: "secwatch.filing_event.v1"
accession: "0001596993-24-000013"
form_type: "8-K"
ticker: "LPG"
cik: "0001596993"
company_name: "DORIAN LPG LTD."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:07:18.268843+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001596993-24-000013
- form_type: 8-K
- ticker: LPG
- cik: 0001596993
- company_name: DORIAN LPG LTD.
- filed_at: 2024-02-01T23:59:59+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/1596993/000159699324000013/0001596993-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596993/000159699324000013/lpg-20240201x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596993-24-000013
- JSON: https://secwatch.observer/filing/0001596993-24-000013.json
- Plain text: https://secwatch.observer/filing/0001596993-24-000013.txt

## Key facts
- Earnings Releases
  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
  source text: ​ ● 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596993/000159699324000013/0001596993-24-000013-index.htm

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