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Sep 30, 2020
Dorian LPG Q2 2021 Earnings Report
Dorian LPG's financial performance declined due to lower revenues and increased expenses.
Key Takeaways
Dorian LPG reported revenues of $54.7 million and a net income of $0.5 million for the quarter ended September 30, 2020. The results reflect a decrease in revenues and an increase in vessel operating expenses compared to the same period in the prior year.
Revenues decreased to $54.7 million from $91.6 million year-over-year.
Net income was $0.5 million, or $0.01 per diluted share.
Adjusted net loss was $(3.4) million, or $(0.07) per diluted share.
The TCE rate for the fleet decreased to $26,015 from $47,623 year-over-year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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