earnings
confidence high
sentiment positive
materiality 0.78
Dorian LPG Q4 net income $79.2M ($1.96 EPS); full-year TCE $65,986/day, up 30.8% YoY
DORIAN LPG LTD.
2024-FY EPS reported
$7.60
revenue$560,717,436
- Q4 revenue $141.4M, net income $79.2M ($1.96 diluted EPS); adjusted net income $77.6M ($1.91 adjusted EPS).
- Full-year FY2024 revenue $560.7M (+43.9% YoY), net income $307.4M ($7.60 EPS), up from $172.4M prior year.
- TCE rate Q4 $72,202/day (+6.0% YoY); full-year $65,986/day (+30.8% YoY). Fleet utilization dropped to 87.7% in Q4 from 95.7%.
- Declared $40.6M irregular dividend payable May 30, 2024; total dividends returned >$730M since IPO.
- Charter hire expenses rose to $12.7M in Q4 (from $7.2M) due to more chartered-in days; vessel opex slightly higher.