Dorian LPG Ltd. Announces Third Quarter Fiscal Year 2020 Financial Results And Increased Share Repurchase Authorization To $100 Million

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Go back to Dorian LPG Ltd. Announces Third Quarter Fiscal Year 2020 Financial Results And Increased Share Repurchase Authorization To $100 Million

UPDATE: Dorian LPG (LPG) Misses Q3 EPS by 8c, Revenues Miss; Boosts Share Buyback by Additional $50M

February 5, 2020 6:09 AM EST

(Updated - February 5, 2020 6:12 AM EST)

Dorian LPG (NYSE: LPG) reported Q3 EPS of $0.63, $0.08 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $85.4 million versus the consensus estimate of $93.37 million.

Highlights for the Third Quarter Fiscal Year 2020

Revenues of $85.4 million and Time Charter Equivalent ("TCE")(1) rate for our fleet of $43,410 for the three months ended December 31, 2019, compared to revenues of $55.1 million and TCE rate for our... More