Dorian LPG reports Q3 adjusted EPS $1.11, consensus $1.17

Reports Q3 revenue $120M, consensus $112.54M. John Hadjipateras, Chairman, President and CEO of the company, commented, “Our seafaring and shoreside team delivered a strong operating performance in the quarter. We declared our 17th consecutive quarterly irregular dividend bringing total capital returned including buy backs, since our IPO, to over $960 million. Last quarter the VLGC market again reached a new export record. Demand, as well as freight rates have continued to be strong into the current quarter. We look forward to the delivery, in March, of a newbuilding dual fuel VLGC/AC.”