secwatch.observer — SEC 8-K summary
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Issuer:     DORIAN LPG LTD. (LPG)
CIK:        0001596993
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001596993-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dorian LPG Q4 net income $79.2M ($1.96 EPS); full-year TCE $65,986/day, up 30.8% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596993/000159699324000026/0001596993-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596993/000159699324000026/lpg-20240522x8k.htm
  HTML page:      https://secwatch.observer/filing/0001596993-24-000026

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