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Mar 31, 2024

Dorian LPG Q4 2024 Earnings Report

Dorian LPG's financial performance was reported for Q4 2024, showing revenues of $141.4 million and net income of $79.2 million.

Key Takeaways

Dorian LPG reported revenues of $141.4 million and net income of $79.2 million for the fourth quarter ended March 31, 2024. The TCE rate for the fleet was $72,202. The company declared an irregular dividend of $40.6 million.

Revenues reached $141.4 million.

TCE per operating day rate was $72,202.

Net income amounted to $79.2 million, or $1.96 EPS.

Adjusted net income was $77.6 million, or $1.91 adjusted EPS.

Total Revenue
$141M
Previous year: $134M
+5.8%
EPS
$1.91
Previous year: $1.94
-1.5%
TCE rate
$63.4K
Previous year: $68.1K
-7.0%
Daily vessel op. expenses
$10.7K
Previous year: $10.5K
+1.6%
Adjusted EBITDA
$105M
Gross Profit
$90.3M
Previous year: $134M
-32.4%
Cash and Equivalents
$294M
Previous year: $149M
+97.6%
Total Assets
$1.84B
Previous year: $1.71B
+7.5%

Dorian LPG

Dorian LPG

Forward Guidance

Company did not provide forward guidance in the earnings report.