Workflow
Sustainability and GHG strategy
icon
Search documents
Dorian LPG(LPG) - 2023 Q4 - Earnings Call Presentation
2025-06-25 12:55
Financial Performance - Cash and investments totaled $148.9 million as of March 31, 2023 [9] - Total debt obligations amounted to $663.6 million as of March 31, 2023 [9] - Net income for the three months ended March 31, 2023, was $76.02 million, compared to $35.38 million for the same period in 2022 [21] - Net cash provided by operating activities for the three months ended March 31, 2023, was $98.02 million, compared to $29.92 million for the same period in 2022 [21] Fleet Operations - Helios Pool TCE was $68,019 per available day [13] - Helios Pool Spot + COA TCE was $78,530 per available day [13] - Fleet utilization was 95.7% [13] - Spot TCE was $71,974 per operating day [13] - Spot fleet utilization was 95.3% [13] Market Trends - North American exports increased year-over-year, with total exports reaching 14,832,184 in 1Q23 compared to 12,472,692 in 1Q22 [14] - Estimated quarterly time charter-in expense is projected to be $10.5 million for 1Q 2024, $12.9 million for 2Q 2024, and $13.2 million for 3Q 2024 [10] Scrubber Operations - Average savings from scrubbers were approximately $212.5 per metric ton of HSFO supplied versus VLSFO for the last quarter [20] - Total savings from scrubber operations have reached 116% of the initial investment [20]