secwatch.observer — SEC 8-K summary
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Issuer:     DORIAN LPG LTD. (LPG)
CIK:        0001596993
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001596993-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596993/000159699324000013/0001596993-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596993/000159699324000013/lpg-20240201x8k.htm
  HTML page:      https://secwatch.observer/filing/0001596993-24-000013

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