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Mar 31, 2022
Dorian LPG Q4 2022 Earnings Report
Dorian LPG's financial performance decreased in Q4 2022, with revenues and net income declining compared to the same period last year, while the company declared an irregular dividend and completed vessel refinancings.
Key Takeaways
Dorian LPG Ltd. reported a decrease in revenues and net income for the three months ended March 31, 2022, compared to the same period in the prior year. Revenues decreased by 20.1% to $79.6 million, and net income decreased to $35.4 million, or $0.88 per share. The company declared and paid an irregular dividend totaling $40.1 million and completed the refinancing of several vessels, resulting in net cash proceeds of over $115 million.
Revenues for the quarter were $79.6 million.
Net income was $35.4 million, or $0.88 earnings per diluted share.
Adjusted net income was $24.7 million, or $0.62 adjusted diluted earnings per share.
The company declared and paid an irregular dividend totaling $40.1 million.
Forward Guidance
Dorian LPG anticipates continued market volatility due to geopolitical tensions and evolving energy demands, but remains optimistic about long-term growth supported by its modern fleet and strategic capital allocation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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