Dorian LPG (NYSE: LPG) reported Q2 EPS of ($0.17), $0.02 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $40.8 million versus the consensus estimate of $40.37 million.

• Revenues of $40.8 million and Daily Time Charter Equivalent ("TCE")(1) rate for our fleet of $20,973 for the three months ended September 30, 2018, compared to revenues of $34.7 million and TCE rate of $18,015 for the three months ended September 30, 2017.
• Net loss of $(8.2) million, or $(0.15) earnings/(loss) per basic and diluted share ("EPS"), and adjusted net loss(1) of $(9.2) million, or $(0.17) adjusted diluted earnings/(loss) per share ("adjusted EPS"),(1) for the three months ended September 30, 2018.
• Adjusted EBITDA(1) of $17.9 million for the three months ended September 30, 2018.

John C. Hadjipateras, Chairman, President and Chief Executive Officer of the Company, commented, "Demand for VLGCs increased during our fiscal second quarter driven by increasing export volumes and end-user demand. This improvement is reflected in higher fleet utilization during the quarter and improvement in achieved TCE rates. While additional VLGCs scheduled for delivery in 2019 negatively impacts supply, we believe the market has become more balanced. We continue to focus on maximizing our commercial scale through our participation in the Helios LPG Pool and on delivering strong results. In particular, the fuel-efficiency of our modern fleet of ECO VLGCs is a significant competitive advantage. We believe that we are well positioned to deliver strong cash flows throughout the market cycle as a result of our low leverage, no near-term debt maturities and a best-in-class fleet."

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