Loading...
•
Jun 30, 2021
Dorian LPG Q1 2022 Earnings Report
Dorian LPG's financial performance for the first quarter of fiscal year 2022 was reported, revealing a decrease in revenues and net income compared to the same period last year.
Key Takeaways
Dorian LPG Ltd. reported a decrease in revenue and net income for Q1 2022 compared to Q1 2021. Revenues decreased by 14.0% to $63.0 million, and net income decreased to $5.9 million, or $0.14 per diluted share. The company declared a cash dividend of $1.00 per share.
Revenues decreased by 14.0% to $63.0 million compared to $73.2 million in the same period last year.
Net income was $5.9 million, or $0.14 per diluted share, compared to $12.2 million, or $0.24 per diluted share in the same period last year.
Adjusted net income was $5.4 million, or $0.13 per diluted share, compared to $12.7 million, or $0.25 per diluted share in the same period last year.
The company declared a cash dividend of $1.00 per share of the Company’s common stock.
Forward Guidance
The VLGC orderbook stands at approximately 22% of the current global fleet, and an additional 70 VLGCs are expected to be added to the global fleet by calendar year-end 2023.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...