Dorian LPG Q2 net income falls to $9.4 million as revenue drops 43%
Dorian LPG reported results for the quarter ended September 30, 2024, with revenues of $82.4 million, down 43.0% from a year earlier, and net income of $9.4 million, or $0.22 per diluted share, versus $76.5 million, or $1.89, a year earlier. The company attributed the decline mainly to lower average time charter equivalent rates, which fell to $37,010 per available day from $62,846, and it declared an irregular dividend of $42.8 million payable November 25, 2024.
Key points
- Revenues were $82.4 million, down $62.3 million or 43.0% from $144.7 million in the prior-year quarter.
- Net income was $9.4 million, or $0.22 per diluted share, versus $76.5 million, or $1.89, a year earlier; adjusted EPS was $0.35 versus $1.85.
- TCE rate per available day was $37,010, a 41.1% decrease from $62,846.
- An irregular dividend totaling $42.8 million is payable on or about November 25, 2024 to shareholders of record as of November 5, 2024.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.