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 |
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 |