Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share, Appoints New Director to its Board, Provides Update for Second Quarter 2025, and Announces Second Quarter 2025 Earnings Conference Call Date
Earnings Conference Call
A conference call to discuss the results will be held on
A replay will be available at
Outlook for the Quarter Ended
The following unaudited financial data for the quarter ended
Time charter equivalent(1) revenues to be between |
|
Vessel operating expenses (including drydock-related expenses) to be between |
|
Charter hire expenses to be between |
|
General and administrative expenses (excluding stock-based compensation and certain cash bonuses) to be between |
|
Stock-based compensation and certain cash bonuses to be between |
|
Calendar days |
1,932 |
Time chartered-in days |
340 |
Available days |
2,207 |
Cash and cash equivalents |
|
Long-term debt obligations(2) |
|
(1) |
Time charter equivalent (“TCE”) is a non- |
|
(2) |
Long-term debt obligations presented before the effect of deferred financing fees. |
The Company has not finalized its financial statement closing process for the second quarter ended
Reconciliation to Non-GAAP Financial Information
Time Charter Equivalent Revenues
TCE revenues are a shipping industry non-
TCE revenues are not a recognized measure under
The following table sets forth a reconciliation of revenues to TCE revenues (unaudited) for the period presented:
Three months ended | |||
(In |
|
||
Revenues |
$ |
82,400,000 |
|
Voyage expenses |
|
(700,000) |
|
TCE revenues |
$ |
81,700,000 |
(1) |
Based on the midpoint of the preliminary projection for the second quarter ended |
Appointment of Director
On
About
Visit our website at www.dorianlpg.com. Information on the Company’s website does not constitute a part of and is not incorporated by reference into this press release.
Forward-Looking & Other Cautionary Statements
The cash dividend referenced in this release is an irregular dividend. All declarations of dividends are subject to the determination and discretion of our Board of Directors based on its consideration of various factors, including the Company’s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, its business prospects and other factors that our Board of Directors may deem relevant.
This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "will," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's current expectations and observations regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, the Company’s forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. The Company’s actual results may differ, possibly materially, from those anticipated in these forward-looking statements as a result of certain factors, including changes in the Company’s financial resources and operational capabilities and as a result of certain other factors listed from time to time in the Company's filings with the
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Chief Financial Officer
+1 (203) 674-9900
IR@dorianlpg.com
Source: