•
Sep 30, 2021
Dorian LPG Q2 2022 Earnings Report
Dorian LPG's financial performance improved with increased revenues and net income.
Key Takeaways
Dorian LPG reported revenues of $63.1 million and net income of $14.1 million for the quarter ended September 30, 2021. The company's TCE rate increased to $30,996, and it completed the sale of the Captain Markos NL, generating $43.4 million in proceeds.
Revenues reached $63.1 million, up from $54.7 million in the same period last year.
Net income was $14.1 million, or $0.35 per diluted share.
Adjusted net income was $9.9 million, or $0.25 per diluted share.
The TCE rate for the fleet increased to $30,996 compared to $26,015 in the prior year.