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Dorian LPG (LPG)
NYSE:LPG
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.7Last Year’s EPS
$2.62Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -19.56%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong financial position, significant shareholder returns, and a positive outlook for future market conditions. However, it also acknowledged challenges in the freight market due to weather disruptions and terminal capacity, as well as delays in the ammonia trade development. Despite these challenges, the overall sentiment remains cautiously optimistic.Company Guidance
During the Dorian LPG Second Quarter 2025 Earnings Call, several metrics were highlighted to underscore the company's performance and outlook. The company declared a dividend of $1 per share, bringing the total returned to shareholders to over $820 million since its IPO. For the quarter ending September 30, 2024, Dorian LPG reported an EBITDA of $46.2 million and net income of $9.4 million, maintaining a net debt to total capitalization of approximately 14%. Their free cash stood at $348.6 million, with a debt balance of $583.7 million, leading to a debt to total book capitalization of 34.9%. The VLGC freight market faced challenges due to weather disruptions, but the company remains optimistic, with expectations of increased Canal traffic and terminal expansions. Dorian LPG's TCE revenue per available day was about $37,000, while the Helios Pool achieved a TCE of $38,019 per day. Looking ahead, they have fixed over 60% of available days for the December quarter at a TCE exceeding $40,000 per day. Additionally, the company is focusing on sustainability, with scrubber vessel savings of $2.17 million and plans for retrofitting ships to carry ammonia.Significant Shareholder Returns
After the recent dividend of $1 per share, the company has returned over $820 million to shareholders since its IPO.
Strong Financial Position
The company reported $348.6 million of free cash, maintaining a strong cash balance with a net debt to total capitalization ratio of 13.4%.
Positive Outlook for Future Market
Optimism about near and mid-term market prospects, with terminal expansion projects expected to increase capacity in 2025 and 2026.
High TCE Revenue
Despite a challenging market, the company achieved TCE revenue per available day of about $37,000.
Operational Efficiency and Sustainability
The company continues to improve vessel energy efficiency with scrubber vessel savings and plans for ammonia retrofit to meet future regulatory standards.
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LPG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LPG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $28.55 | $27.85 | -2.45% |
| Aug 01, 2024 | $38.39 | $37.30 | -2.84% |
| May 22, 2024 | $42.10 | $42.37 | +0.64% |
| Feb 01, 2024 | $33.44 | $34.05 | +1.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dorian LPG (LPG) report earnings?
Dorian LPG (LPG) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Dorian LPG (LPG) earnings time?
Dorian LPG (LPG) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPG EPS forecast?
LPG EPS forecast for the fiscal quarter 2025 (Q3) is $0.7.
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