Dorian LPG Ltd. Announces Second Quarter Fiscal Year 2027 Financial Results
Dorian LPG reported record Q2 FY2027 results with revenue of $221.3 million, up 78.4% YoY, and net income of $213.9 million, or $4.98 per diluted share, versus $55.4 million a year ago. Adjusted net income was $148.5 million ($3.46 adjusted EPS) versus $55.8 million ($1.31) in the prior year, driven by a TCE rate of $96,990 per available day, up 80.5% YoY amid Middle East supply disruptions. The board declared an irregular dividend of $1.25 per share (~$53.7 million) payable November 24, and the company refinanced its debt with a new $213.4 million term loan and $155.1 million revolver with a $200 million accordion.
Key figures
- Eps
- 4.98
- Revenue
- 221347756
- Revenue Yoy
- 78.4%
- Tce rate
- 96990
- Net income
- 213856959
- Adjusted eps
- 3.46
- Tce rate yoy
- 80.5%
- Dividend total
- 53700000
- Adjusted ebitda
- 242040292
- Daily vessel opex
- 10264
- Dividend per share
- 1.25
- Adjusted net income
- 148512373
- Tce rate prior year
- 53725
- Cash and equivalents
- 578774436
- Gain on vessel disposals
- 63623051
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