•
Jun 30, 2023
Dorian LPG Q1 2024 Earnings Report
Dorian LPG's financial performance improved significantly, driven by strong market conditions and increased fleet utilization.
Key Takeaways
Dorian LPG reported a strong first quarter for fiscal year 2024, with revenues of $111.6 million and net income of $51.7 million. The company benefited from a firm market and disciplined capital allocation.
Revenues reached $111.6 million.
Net income was $51.7 million, or $1.28 per diluted share.
Adjusted net income amounted to $48.9 million, or $1.21 per diluted share.
The TCE rate per operating day for the fleet was $51,156.