Dorian LPG (LPG) Tops Q4 EPS by 19c, Revenues Beat

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Dorian LPG Ltd. Announces Fourth Quarter and Full Fiscal Year 2020 Financial Results

May 27, 2020 6:01 AM EDT

STAMFORD, Conn., May 27, 2020 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern very large gas carriers ("VLGCs"), today reported its financial results for the three months and fiscal year ended March 31, 2020.

Highlights for the Fourth Quarter Ended March 31, 2020

Revenues of $95.2 million. Daily Time Charter Equivalent ("TCE")(1) rate for our fleet of $51,888. Net income of $29.4 million, or $0.56 earnings per diluted share ("EPS"), and adjusted net income(1) of $42.3 million, or $0.81 adjusted diluted loss per share ("adjusted... More