UPDATE: Dorian LPG (LPG) Misses Q3 EPS by 8c, Revenues Miss; Boosts Share Buyback by Additional $50M
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Dorian LPG Ltd. Announces Third Quarter Fiscal Year 2020 Financial Results And Increased Share Repurchase Authorization To $100 Million
February 5, 2020 6:01 AM ESTSTAMFORD, Conn., Feb. 5, 2020 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company," "Dorian LPG," "we," and "our"), a leading owner and operator of modern very large gas carriers ("VLGCs"), today reported its financial results for the three and nine months ended December 31, 2019.
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 fleet of $30,108 for the three months ended December 31, 2018.... More