Dorian LPG (NYSE: LPG) reported Q4 EPS of $0.86, $0.09 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $99.6 million versus the consensus estimate of $94.43 million.

Highlights for the Fourth Quarter Ended March 31, 2021

• Revenues of $99.6 million.
• Time charter equivalent ("TCE")(1) per operating day rate for our fleet of $49,474.
• Net income of $44.0 million, or $0.93 earnings per diluted share ("EPS"), and adjusted net income(1) of $40.8 million, or $0.86 adjusted diluted earnings per share ("adjusted EPS")(1).
• Adjusted EBITDA(1) of $65.0 million.
• Repurchased 8.4 million shares, or approximately 16.8% of our then outstanding common shares, pursuant to our previously announced tender offer.
• Expect to take delivery in March 2023 of an 84,000 cubic meter dual fuel VLGC from Kawasaki Heavy Industries under a Japanese financing arrangement.

John Hadjipateras, Chairman, President and Chief Executive Officer of the Company, commented, "Though the past year presented major challenges relating to the pandemic, the commitment of our nearly eight hundred seafarers, five hundred presently at sea, as well as the dedication of our shore-side staff, we believe has put Dorian LPG in its strongest position to date. Upsizing our $100 million self-tender offer by 13.5% to repurchase 8.4 million shares demonstrates our strong commitment to returning shareholder capital."

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