Overview

* Dorian LPG ( 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 ( 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/Mis Actual Consensu

s s

Estimate

Q1 Miss $84.20 $92.80

Revenue mln mln (3

Analysts

)

Q1 Miss $0.27 $0.69 (3

Adjusted Analysts

EPS )

Q1 EPS $0.24

Q1 Net $10.10

Income mln

Q1 $38.60

Adjusted mln

EBITDA

Q1 $0.6

Dividend

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 ( LPG ) 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:

(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.)