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Dorian LPG Ltd. Announces Third Quarter Fiscal Year 2020 Financial Results And Increased Share Repurchase Authorization To $100 Million

Dorian LPG Ltd. (LPG) 
Last dorian lpg ltd. earnings: 8/7 06:00 am Check Earnings Report
Company Research Source: PR Newswire
STAMFORD, Conn., Feb. 5, 2020 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company," "Dorian LPG," "we," and "our"), a leading owner and operator of modern very large gas carriers ("VLGCs"), today reported its financial results for the three and nine months ended December 31, 2019.Highlights for the Third Quarter Fiscal Year 2020 Revenues of $85.4 million and Time Charter Equivalent ("TCE")(1) rate for our fleet of $43,410 for the three months ended December 31, 2019, compared to revenues of $55.1 million and TCE rate for our fleet of $30,108 for the three months ended December 31, 2018. Net income of $35.6 million, or $0.66 earnings per diluted share ("EPS"), and adjusted net income(1) of $34.2 million, or $0.63 adjusted earnings per diluted share ("adjusted EPS"),(1) for the three months ended December 31, 2019. Adjusted EBITDA(1) of $59.9 million for the three months ended December 31, 2019. Completed the installation of exhaust gas cleaning systems (commonly referred to as "s Show less Read more
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