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Jun 30, 2020
Dorian LPG Q1 2021 Earnings Report
Dorian LPG's financial performance increased due to higher TCE rates and effective cost management.
Key Takeaways
Dorian LPG reported a strong first quarter for fiscal year 2021, with revenues of $73.2 million and net income of $12.2 million, or $0.24 per diluted share. The company benefited from increased TCE rates and strategic financial maneuvers, including refinancing debt and a sale-leaseback arrangement.
Revenues increased by 19.6% to $73.2 million, driven by higher TCE rates.
Net income was $12.2 million, or $0.24 per diluted share, compared to $6.1 million, or $0.11 per diluted share in the prior year.
Adjusted EBITDA reached $41.1 million.
The company refinanced its 2015 Facility, extending the maturity and reducing amortization.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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