Gas operator Dorian's LPG Q1 revenue misses expectations, drops 26.4% yr/yr

Dorian LPG

01/08/2025 11:12

Overview

Dorian LPG fiscal Q1 revenue misses analyst expectations, declining 26.4% yr/yr

Adjusted EPS for fiscal Q1 misses consensus, impacted by market volatility and expenses

Company declares irregular cash dividend of $0.60 per share, totaling $25.6 mln

Outlook

Dorian LPG cites positive outlook despite market volatility

Result Drivers

DRYDOCKING IMPACT - Heavy drydocking schedule contributed to reduced available days and increased operating expenses, per CEO John C. Hadjipateras

MARKET VOLATILITY - Geopolitical movements led to acute volatility in freight markets, impacting TCE rates, per CEO John C. Hadjipateras

EXPENSE INCREASES - General and administrative expenses rose due to increased cash bonuses and stock-based compensation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$84.20 mln
$92.80 mln (3 Analysts)
Q1 Adjusted EPS
Miss
$0.27
$0.69 (3 Analysts)
Q1 EPS
$0.24
Q1 Net Income
$10.10 mln
Q1 Adjusted EBITDA
$38.60 mln
Q1 Dividend
$0.6


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Dorian LPG Ltd is $31.00, about 7.1% above its July 31 closing price of $28.79

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw7y4Mfpa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)