Dorian LPG reports Q1 adjusted EPS 27c vs. $1.26 last year

Reports Q1 revenue $84.2M, consensus $86.53M. John Hadjipateras, Chairman, President and Chief Executive Officer of the company, commented, “Our results for the reporting quarter were impacted by a heavy drydocking schedule as well as the market. Volatility, which is ever present in freight markets, has been more acute in reaction to recent abrupt geopolitical movements. Our bookings for the current quarter are at strong rates supporting our positive outlook which is rooted in our confidence in the resilience and the fundamentals of the LPG trade. As always, I am grateful to and commend our seafarers and shore staff for their commitment to our mission to provide safe, reliable, clean, and trouble-free transportation.”