Christopher Wiernicki
appointed Christopher Wiernicki to serve as a Class I director
Highest-materiality recent filing
Dorian LPG orders one VLGC for $115M, agrees to sell three for $256M, provides rate estimates
Entered contract with HD Hyundai for one 90,000 cbm dual-fuel VLGC; delivery July 2029 at ~$115M.
Dorian LPG Q4 net income $81.0M, EPS $1.90; declares $1.00 special dividend
Q4 revenues $153.3M, net income $81.0M ($1.90 diluted EPS); adjusted EPS $1.89.
Dorian LPG declares irregular $1.00/share dividend, returning ~$42.8M
Irregular cash dividend of $1.00 per share declared by Board of Directors.
Dorian LPG fixes 99% of Q4 FY2026 calendar days at >$58k/day
Company estimates 99% of calendar days fixed for quarter ending March 31, 2026 at rate exceeding $58,000 per day.
Dorian LPG Q3 FY2026 net income $47.2M ($1.11 EPS), up 121% YoY; declares $0.70 irregular dividend
Revenues $120.0M (+48.7% YoY); TCE rate $50,333/day, up 39.5% from $36,071.
Dorian LPG declares $0.70/sh irregular dividend; warns of lower Q3 TCE revenue
Irregular cash dividend of $0.70 per share declared, payable Feb 24, 2026 to holders of record Feb 9, returning ~$29.9 million.
Dorian LPG Q2 net income $55.4M vs $9.4M YoY, declares $0.65 irregular dividend
Revenues $124.1M (+50.5% YoY); net income $55.4M; diluted EPS $1.30 vs $0.22 YoY.
Dorian LPG Q1 revenue falls 26% to $84.2M, EPS $0.24 vs $1.25 YoY; declares $0.60 dividend
Revenue $84.2M (-26% YoY); net income $10.1M ($0.24 EPS) vs $51.3M ($1.25 EPS) in prior year.
Dorian LPG Q4 net income falls to $8.1M from $79.2M; revenue down 46%
Q4 FY2025 net income $8.1M ($0.19 EPS) vs $79.2M ($1.96 EPS) a year ago; adjusted net income $10.7M ($0.25 adj EPS).
Dorian LPG prelim Q4 FY25 TCE rev $73-75M; conference call May 22
TCE revenues expected between $73.1M and $75.1M (midpoint $74.1M).
Dorian LPG Q3 FY2025 net income falls 79% YoY to $21.4M; declares $0.70/share irregular dividend
Net income $21.4M ($0.50 diluted EPS) vs $100.0M ($2.47) in Q3 FY2024, down 79%.
Dorian LPG declares $0.70/share irregular dividend, provides Q3 preliminary outlook
Irregular cash dividend of $0.70 per share payable Feb 27, 2025 to holders of record Feb 5, 2025.
Dorian LPG Q2 FY2025 net income plunges to $9.4M from $76.5M YoY, TCE rate down 41%
Net income $9.4M ($0.22 diluted EPS) vs $76.5M ($1.89) in prior-year quarter; revenue $82.4M, down 43%.
Declared irregular cash dividend of $1.00 per share, returning ~$42.8M, payable Nov 25, 2024 to holders of record Nov 5, 2024.
Dorian LPG Q1 net income $51.3M, adjusted EPS $1.26; $42.6M irregular dividend
Net income $51.3M ($1.25 diluted EPS); adjusted net income $51.7M ($1.26 adjusted EPS).
Dorian LPG declares $1.00 irregular dividend; updates Q1 FY2025 outlook
Declared irregular cash dividend of $1.00 per share, returning ~$42.6M to shareholders.
Dorian LPG prices public offering of 2M shares at $44.50, net proceeds ~$84.5M
Offered 2,000,000 common shares at $44.50 per share; net proceeds ~$84.5 million after discounts and expenses.
Dorian LPG Q4 net income $79.2M ($1.96 EPS); full-year TCE $65,986/day, up 30.8% YoY
Q4 revenue $141.4M, net income $79.2M ($1.96 diluted EPS); adjusted net income $77.6M ($1.91 adjusted EPS).
Dorian LPG issues Q4 2024 preliminary outlook with TCE rev. $140-142M, sets May 22 earnings call
Preliminary TCE revenues expected between $140M and $142M for quarter ended March 31, 2024.
Dorian LPG declares irregular $1.00 per share cash dividend, totaling ~$40.6M
Irregular cash dividend of $1.00 per share on common stock declared.
Dorian LPG Q3 FY2024 net income $100M ($2.47 EPS); TCE rate $76,337, up 44.7% YoY
Revenue of $163.1M (+57.8% YoY); net income $100.0M vs $51.3M in prior year.
Dorian LPG Q2 FY2024 net income $76.5M ($1.89 EPS); declares $40.6M irregular dividend
Revenue $144.7M (+90.5% YoY); net income $76.5M vs $20.3M last year.
Dorian LPG declares irregular cash dividend of $1.00 per share (~$40.6M total)
Dividend of $1.00 per share declared; payable on or about Nov 2, 2023 to holders of record Oct 20, 2023.
Dorian LPG Q1 FY2024 net income $51.7M, EPS $1.28, revenue up 45% YoY
Net income $51.7M ($1.28 diluted EPS) vs $24.8M ($0.62) YoY; adjusted net income $48.9M.
Dorian LPG declares $1.00/sh irregular dividend, provides Q1 outlook with TCE rev $110-112M
Irregular cash dividend of $1.00 per share ($40.4M total), payable Sept 6, record Aug 10.
Dorian LPG reports record FY2023 net income $172.4M; Q4 EPS $1.89
Q4 revenue $133.6M, net income $76.0M ($1.89 diluted EPS); adjusted net income $78.1M ($1.94 adjusted EPS).
Dorian LPG expects Q4 TCE revenue $131.6M-$133.6M, utilization 95.7%
Preliminary Q4 TCE revenue guidance $131.6M–$133.6M (non-GAAP).
Dorian LPG declares irregular cash dividend of $1.00 per share (approx. $40.4M total)
Irregular cash dividend of $1.00 per share on common stock, totaling approximately $40.4 million.
Dorian LPG takes delivery of dual-fuel VLGC Captain Markos under 13-year bareboat charter
Captain Markos delivered March 31, 2023 from Kawasaki Heavy Industries; third of four dual-fuel VLGCs due in 2023.
Dorian LPG Q3 net income $51.3M, EPS $1.27; declares $1.00/share irregular dividend
Revenues $103.3M (+50.6% YoY); TCE $52,768/day (+57.5%).
Dorian LPG issues preliminary Q3 fiscal 2023 guidance: TCE rev $101.9M-$103.9M
TCE revenues expected $101.9M–$103.9M; vessel operating expenses $16.9M–$18.9M.
Dorian LPG Q2 FY23 net income $20.3M, EPS $0.51; declares $1.00/share dividend
Net income $20.3M ($0.51 diluted EPS) vs $14.1M ($0.35) a year ago; adjusted net income $17.2M ($0.43 adjusted EPS).
Dorian LPG declares irregular dividend of $1.00/share; issues Q2 FY2023 outlook
Irregular cash dividend of $1.00 per share, payable Dec 6, 2022 to holders of record Nov 7, returning ~$40.4M to shareholders.
Dorian LPG Q1 net income $24.8M ($0.62 EPS); declares $1.00/share irregular dividend
Net income $24.8M ($0.62 EPS) vs $5.9M ($0.14 EPS) a year ago; adjusted EPS $0.56.
appointed Christopher Wiernicki to serve as a Class I director
the board of directors (the “Board”) of the Company, on the recommendation of its Nominating and Corporate Governance Committee, unanimously authorized the increase in the size of the Board from seven to eight directors, and, to fill the resulting vacancy, appointed Mark Ross to serve as a Class III director, effective immediately.
John Lycouris has been promoted by the Committee to Head of Energy Transition effective April 24, 2024, and will continue as a director of the Company.
Alexander C. Hadjipateras has been appointed by the Committee as the Chief Operating Officer effective April 24, 2024.
elected Marit Lunde to serve as a Class III director effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings