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Jun 30, 2022

Dorian LPG Q1 2023 Earnings Report

Dorian LPG's financial performance for the first quarter of fiscal year 2023 improved, marked by strong revenue and net income growth.

Key Takeaways

Dorian LPG reported a strong first quarter for fiscal year 2023, with revenues of $76.8 million and net income of $24.8 million, or $0.62 per diluted share. The company also declared an irregular cash dividend of $1.00 per share.

Revenues reached $76.8 million.

Net income was $24.8 million, or $0.62 earnings per diluted share.

Adjusted EBITDA amounted to $46.9 million.

An irregular cash dividend of $1.00 per share was declared.

Total Revenue
$76.8M
Previous year: $63M
+22.0%
EPS
$0.56
Previous year: $0.13
+330.8%
Daily vessel op. expenses
$9.38K
Previous year: $10.1K
-7.4%
Gross Profit
$76.8M
Previous year: $63M
+22.0%
Cash and Equivalents
$156M
Previous year: $78.3M
+98.7%
Free Cash Flow
$25.3M
Previous year: $28.3M
-10.4%
Total Assets
$1.52B
Previous year: $1.56B
-2.6%

Dorian LPG

Dorian LPG

Forward Guidance

The company did not provide specific forward guidance in this earnings report.