Dorian LPG Exceeds Expectations with Non-GAAP EPS of $1.94 and Revenue of $133.6M
May 25, 2023
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Dorian ($NYSE:LPG) LPG Ltd. Dorian LPG is a leading global owner and operator of very large gas carriers (VLGCs), which are used to transport liquefied petroleum gas (LPG). The company’s performance in the quarter was driven by strong demand for VLGCs and higher freight rates. Dorian LPG also made progress on its strategic initiatives, such as expanding its portfolio of long-term charters and locking in favorable freight rate settlements with customers. With these impressive financial results, Dorian LPG has once again demonstrated its ability to deliver strong financial returns for its shareholders.
Share Price
The company’s stock opened at $24.1 and closed at $23.3, down 2.2% from its last closing price of $23.8. Overall, Dorian LPG has exceeded expectations with its impressive first quarter results and its stock’s slight decline in value does not reflect its strong financial standing. The company’s positive outlook for the year provides investors with confidence in Dorian LPG’s future growth potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dorian Lpg. More…
| Total Revenues | Net Income | Net Margin |
| 335.7 | 131.81 | 36.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dorian Lpg. More…
| Operations | Investing | Financing |
| 155.97 | 36.28 | -177.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dorian Lpg. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.53k | 693.08 | 20.75 |
Key Ratios Snapshot
Some of the financial key ratios for Dorian Lpg are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.2% | 11.3% | 48.1% |
| FCF Margin | ROE | ROA |
| 43.2% | 12.1% | 6.6% |
Analysis
At GoodWhale, we recently conducted an analysis of DORIAN LPG’s wellbeing. After looking at DORIAN LPG’s financial and business aspects, we have given them a low risk rating. We have identified three risk warnings that are present in their income sheet, balance sheet, and financial journals. To get a better understanding of the potential risks involved, make sure to register with us. We can provide you with a detailed overview of the warnings and our assessment of the overall risk level. Overall, DORIAN LPG appears to be a low risk investment at this time. We encourage anyone considering investing in DORIAN LPG to register with us to get a better understanding of the potential risks that may be involved. More…
Peers
The global liquefied petroleum gas (LPG) market is expected to grow at a CAGR of over 5% during the period 2019–2024. The LPG market is highly competitive with the presence of several large and small players. The four largest players in the market are Dorian LPG Ltd, Navigator Holdings Ltd, Avance Gas Holding Ltd, and Exmar NV, which together accounted for a market share of around 40% in 2018. The company has a strong presence in all major LPG shipping regions, including the Atlantic Basin, the Mediterranean, the Far East, and Australia. Navigator Holdings Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Avance Gas Holding Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Exmar NV is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world.
– Navigator Holdings Ltd ($NYSE:NVGS)
Navigator Holdings Ltd owns and operates a fleet of very large ethane and liquefied petroleum gas carriers. As of March 31, 2021, the company’s operated fleet consisted of 44 vessels. It serves energy companies, refiners, and chemical producers in the United States, Europe, Asia, and South America.
– Avance Gas Holding Ltd ($OTCPK:AVACF)
As of 2022, Avance Gas Holding Ltd has a market cap of 435M and a Return on Equity of 7.85%. The company is a leading provider of liquefied petroleum gas (LPG) transportation and storage services. It operates a fleet of LPG carriers and has a global customer base. The company is headquartered in Singapore.
– Exmar NV ($LTS:0EEV)
Exmar NV is a Belgian shipping company that was founded in Antwerp in 1892. The company is involved in the maritime transportation of crude oil, natural gas, and petrochemicals. As of 2022, Exmar NV had a market capitalization of 561.39 million euros and a return on equity of 0.89%. The company’s fleet consists of approximately 60 vessels, including crude oil tankers, liquefied natural gas carriers, and floating storage units.
Summary
Dorian LPG reported a successful second quarter with non-GAAP EPS of $1.94, beating analyst estimates by $0.38. Revenue also beat expectations, coming in at $133.6M, which is $2.6M higher than what was expected. This is an encouraging sign for investors, as it indicates the company is performing well and has strong potential for growth.
The strong earnings report also shows that Dorian LPG is taking steps to enhance shareholder value, which should make investors more confident in the company’s future prospects. Moving forward, investors should continue to monitor Dorian LPG’s earnings and revenue growth as indicators of its ability to remain competitive in the industry.
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