Dorian LPG Ltd (N:LPG)

Sector:  Energy Industry:  Oil & Gas Transportation Services
 
See Regulatory Filings on SEC
Company Contact
Address: 27 Signal Road
STAMFORD CT 06878
Tel: N/A
Website: https://dorianlpg.com
IR: See website
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Key People
John C. Hadjipateras
Chairman of the Board, President, Chief Executive Officer and President of Dorian LPG (USA) LLC
Theodore B. Young
Chief Financial Officer, Treasurer, Principal Financial and Accounting Officer; Chief Financial Officer and Treasurer, Dorian LPG (USA) LLC
John C. Lycouris
Chief Executive Officer of Dorian LPG (USA) LLC, Director
Alexander C. Hadjipateras
Senior Executive Vice President Dorian LPG (USA) LLC and Managing Director Dorian LPG Management Corp. (Athens)
Tim T. Hansen
Chief Commercial Officer
 
Business Overview
Dorian LPG Ltd. is a liquefied petroleum gas (LPG) shipping company. The Company and its subsidiaries are focused on owning and operating very large gas carriers (VLGCs) in the LPG shipping industry. The Company's fleet consists of 25 VLGCs, including one dual-fuel 84,000 cubic meters (cbm) ECO-design VLGC (Dual-fuel ECO VLGC), 19 fuel-efficient 84,000 cbm ECO-design VLGCs (ECO VLGCs), one 82,000 cbm modern VLGC, two time chartered-in dual fuel Panamax size VLGCs, and two time chartered-in ECO VLGCs. It provides in-house commercial and technical management services for all of its vessels. Thirteen of its ECO VLGCs, including one of its time-chartered-in ECO-VLGCs, are fitted with exhaust gas cleaning systems to reduce sulfur emissions. Its subsidiaries include Dorian LPG Management Corp., Dorian LPG Finance LLC, Dorian LPG (UK) Ltd, Occident River Trading Limited, Dorian LPG Chartering LLC, CJNP LPG Transport LLC, Commander LPG Transport LLC and others.
Financial Overview
For the nine months ended 31 December 2023, Dorian LPG Ltd revenues increased 64% to $419.3M. Net income increased from $96.4M to $228.2M. Revenues reflect Net pool revenues-related party increase of 68% to $398.2M, Time charter revenues increase of 11% to $19.3M, Other Revenue increase of 34% to $1.9M. Net income benefited from Interest income increase from $2.3M to $6.6M (income).
Employees: 82 as of Mar 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,151M as of Dec 31, 2023
Annual revenue (TTM): $552.96M as of Dec 31, 2023
EBITDA (TTM): $397.70M as of Dec 31, 2023
Net annual income (TTM): $304.23M as of Dec 31, 2023
Free cash flow (TTM): $103.61M as of Dec 31, 2023
Net Debt Last Fiscal Year: $409.66M as of Dec 31, 2023
Shares outstanding: 40,593,079 as of Jan 26, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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