Dorian LPG (LPG) ended the recent trading session at $43.29, demonstrating a +0.28% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.02% loss on the day. On the other hand, the Dow registered a loss of 0.21%, and the technology-centric Nasdaq increased by 0.29%. The liquified petroleum gas shipping company's shares have seen an increase of 9.71% over the last month, surpassing the Transportation sector's gain of 0.29% and the S&P 500's gain of 1.29%. Analysts and investors ...

Dorian LPG (LPG) ended the recent trading session at $42.27, demonstrating a +0.64% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 0.1%.The liquified petroleum gas shipping company's shares have seen an increase of 4.9% over the last month, surpassing the Transportation sector's loss of 4.1% and the S&P 500's loss of 0.35%.Analysts and i ...

Dorian LPG (LPG) ended the recent trading session at $41.10, demonstrating a -0.53% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.34%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.33%.Heading into today, shares of the liquified petroleum gas shipping company had gained 1.2% over the past month, outpacing the Transportation sector's loss of 10.34% and the S&P 500's loss of 4.05% in that time.The upcoming earnings release ...

In the latest market close, Dorian LPG (LPG) reached $41.81, with a +0.17% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.1%.Shares of the liquified petroleum gas shipping company witnessed a gain of 12.78% over the previous month, beating the performance of the Transportation sector with its loss of 6.69% and the S&P 500's loss of 3.01%.The ...

The latest trading session saw Dorian LPG (LPG) ending at $39.80, denoting a +0.86% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.88%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq decreased by 2.05%.The liquified petroleum gas shipping company's shares have seen an increase of 3.16% over the last month, surpassing the Transportation sector's loss of 5.27% and the S&P 500's loss of 2.57%.The investment communit ...

Financial Data and Key Metrics Changes - The company reported a record average TCE of $76,337 per operating day with a total utilization of 93.6%, yielding an adjusted TCE of about $71,431, marking the best result in the company's history [50][86] - The trailing 12-month net income was approximately $304 million, resulting in a 33.4% return on shareholders' equity, reflecting strong profitability [53] - The company declared a $1 per share dividend, bringing total dividends paid to $11.50 per share or nearly $465 million in aggregate since the IPO [87] Business Line Data and Key Metrics Changes - The Helios Pool achieved a spot TCE of $91,417 per day, the highest spot rate the pool has ever earned for a quarter [84] - The company has 5 vessels on time charter within the pool, indicating spot exposure of about 75% to 80% for the 27 vessels in the Helios Pool [66] Market Data and Key Metrics Changes - The company noted that U.S. inventory levels remain very high, which is expected to stabilize pricing as the worst coal season passes [11] - The market has seen a significant increase in LPG supply due to warm winter conditions, impacting U.S. export prices [70] Company Strategy and Development Direction - The company is focused on long-term solutions for decarbonization and has invested in scrubbers, with average daily net savings of about $3,000 per day from scrubber-fitted vessels [96] - The company is evaluating opportunities to upgrade existing ships to carry ammonia, with costs expected to be significantly less than $5 million when amortized over multiple ships [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the medium- to long-term prospects for the business despite acknowledging short-term volatility [76] - The company anticipates that the congestion in the Panama Canal will return to normal levels, which will positively impact operations [76] Other Important Information - The company has a strong cash position with an unrestricted cash balance of $215 million as of January 31, 2024 [82] - The company is committed to sustainability and has invested in technologies aimed at reducing carbon and methane emissions [99][100] Q&A Session Summary Question: Guidance on bookings to date - Management confirmed bookings in excess of 100,000 for over 60% of the quarter [2] Question: Factors driving the pullback in rates - Management noted that the market is currently at a lower point than last year, with expectations for a turnaround as the market stabilizes [6][23] Question: Impact of Red Sea tensions on VLGC trade - Management indicated that the impact is complex and difficult to predict due to ongoing geopolitical tensions [26] Question: Cost of upgrading vessels for ammonia - Management stated that the cost is expected to be significantly less than $5 million when amortized over multiple ships [30] Question: Current spot rates and cash breakeven levels - Management acknowledged that current spot rates are below cash breakeven levels, reflecting the volatility in the market [34]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-36437 Dorian LPG Ltd. (Exact name of registrant as specified in its charter) | Marshall Islands ...

Dorian LPG Ltd. (NYSE:LPG) Q2 2024 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Theodore Young - Chief Financial Officer John Hadjipateras - Chairman, President and Chief Executive Officer Tim Hansen - Chief Commercial Officer John Lycouris - Chief Executive Officer, Dorian LPG USA Conference Call Participants Omar Nokta - Jefferies LLC Operator Welcome to the Dorian LPG Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A br ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-36437 Dorian LPG Ltd. (Exact name of registrant as specified in its charter) Indicate by check ...

Dorian LPG Ltd. (NYSE:LPG) Q1 2024 Results Conference Call August 2, 2023 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras - Chairman, President and CEO John Lycouris - Chief Executive Officer, Dorian LPG USA Taro Rasmussen - Vice President of Chartering Conference Call Participants Omar Nokta - Jefferies Brian Reynolds - UBS Climent Molins - Value Investor Edge Operator Greetings. And welcome to Dorian LPG First Quarter 2024 Earnings. At this time, all participants are ...