Dorian LPG Ltd (N:LPG)

Business Focus: Sea-Borne Tankers

Sector:  Energy Industry:  Oil & Gas Transportation Services
See Regulatory Filings on SEC
Company Contact
Address: 27 Signal Road
Tel: N/A
IR: See website
Key People
John C. Hadjipateras
Chairman of the Board, President, Chief Executive Officer, President, 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
Alexander C. Hadjipateras
Executive Vice President - Business Development of Dorian LPG (USA) LLC
Business Overview
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers. As of March 31, 2016, the Company owned and operated a fleet of 22 VLGCs, including 19 84,000 cubic meter (cbm) ECO-design VLGCs (ECO VLGCs) and three 82,000 cbm VLGCs. The VLGCs in its fleet had an aggregate carrying capacity of approximately 1.8 million cbm at May 26, 2016. It provides in-house commercial and technical management services for all of its vessels. As of May 26, 2016, its VLGCs included Captain Nicholas ML; Captain John NP; Comet; Corsair; Corvette; Cougar; Concorde; Cobra; Continental; Commodore; Constellation; Cheyenne; Cratis; Chaparral; Commander, and Challenger. The Company's customers include global energy companies, commodity traders and importers.
Financial Overview
For the fiscal year ended 31 March 2020, Dorian LPG Ltd revenues increased from $158M to $333.4M. Net income totaled $111.8M vs. loss of $50.9M. Revenues reflect Net Pool Revenue Related Party increase from $120M to $298.1M, Other Revenue increase from $291K to $1.2M. Net Income reflects Professional and legal fees related to t decrease from $10M (expense) to $0K, Interest and finance costs decrease of 11% to $36.1M (expense).
Employees: 74 as of Mar 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $1,027M as of Mar 31, 2020
Annual revenue (TTM): $333.43M as of Mar 31, 2020
EBITDA (TTM): $227.33M as of Mar 31, 2020
Net annual income (TTM): $111.84M as of Mar 31, 2020
Free cash flow (TTM): $149.01M as of Mar 31, 2020
Net Debt Last Fiscal Year: $571.66M as of Mar 31, 2020
Shares outstanding: 50,827,952 as of Mar 31, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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