Dorian LPG (NYSE: LPG) reported Q4 EPS of ($0.18), $0.06 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $39 million versus the consensus estimate of $38.3 million.

Highlights for the Fourth Quarter and Fiscal Year Ended March 31, 2018

• Revenues of $39.0 million and $159.3 million for the three months and year ended March 31, 2018, respectively.
• Daily Time Charter Equivalent ("TCE")(1) rate for our fleet of $24,695 and $21,966 for the three months and year ended March 31, 2018, respectively.
• Net loss of $(3.5) million, or $(0.06) earnings/(loss) per basic and diluted share (\"EPS\"), and adjusted net loss(1) of $(9.8) million, or $(0.18) adjusted diluted earnings/(loss) per share ("adjusted EPS")(1), for the three months ended March 31, 2018.
• Net loss of $(20.4) million, or $(0.38) EPS, and adjusted net loss(1) of $(32.9) million, or $(0.62) adjusted EPS(1), for the year ended March 31, 2018.
• Adjusted EBITDA(1) of $18.2 million and $74.5 million for the three months and year ended March 31, 2018, respectively.

John Hadjipateras, Chairman, President and Chief Executive Officer of the Company, commented, "Despite experiencing lower fleet utilization due to a weak LPG arbitrage environment in our fourth fiscal quarter, our VLGCs continue to earn a demonstrable premium. We believe this premium may become more pronounced following the implementation of new regulations to reduce sulphur emissions, and we are taking additional steps to optimize our fleet in advance of these regulations. We continue to strengthen our balance sheet without decreasing our exposure to a potential market recovery. In the near term, we remain cautiously optimistic about the outlook for the LPG tanker sector as industry fundamentals improve."

For earnings history and earnings-related data on Dorian LPG (LPG) click here.