Dorian LPG (LPG) Tops Q4 EPS by 16c, Beats on Revenues
Dorian LPG (NYSE: LPG) reported Q4 EPS of $0.02, $0.16 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $47.6 million versus the consensus estimate of $37.93 million.
Highlights for the Fourth Quarter and Fiscal Year Ended March 31, 2017
- Revenues of $47.6 million and $167.4 million for the three months and year ended March 31, 2017.
- Daily Time Charter Equivalent (\"TCE\")(1) rate for our fleet of $24,677 and $22,037 for the three months and year ended March 31, 2017.
- Net income of $2.0 million, or $0.04 earnings/(loss) per basic and diluted share (\"EPS\"), and adjusted net income(1) of $1.0 million, or $0.02 adjusted diluted earnings/(loss) per share (\"adjusted EPS\")(1), for the three months ended March 31, 2017.
- Net loss of $(1.4) million, or $(0.03) EPS, and adjusted net loss(1) of $(28.9) million, or $(0.54) adjusted EPS(1), for the year ended March 31, 2017.
- Adjusted EBITDA(1) of $26.5 million and $83.3 million for the three months and year ended March 31, 2017.
- Increased vessel operating days to 1,906 in the three months ended March 31, 2017 from 1,826 in the same period in the prior year, along with increased fleet utilization from 91.8% to 96.3%.
- Increased vessel operating days to 7,464 in the year ended March 31, 2017 from 5,031 in the prior year, along with increased fleet utilization from 93.1% to 93.6%.
For earnings history and earnings-related data on Dorian LPG (LPG) click here.
