Dorian LPG Ltd (LPG) announced its fourth-quarter earnings, showcasing a year-over-year increase that surpassed Wall Street's expectations.
The company's net income for the quarter amounted to $79.24 million, translating to $1.96 per share. This compares with $76.02 million, or $1.89 per share, in the same quarter of the previous year.
Excluding special items, Dorian LPG Ltd reported adjusted earnings of $77.58 million, or $1.91 per share.
Analysts, based on data from Thomson Reuters, had anticipated earnings of $1.83 per share on average, typically excluding special items.
For the quarter, the company's revenue increased by 5.8% to $141.39 million, up from $133.64 million in the prior year.
Dorian LPG Ltd's fourth-quarter earnings summary (GAAP) is as follows:
- Earnings (Q4): $79.24 million vs. $76.02 million last year
- EPS (Q4): $1.96 vs. $1.89 last year
- Revenue (Q4): $141.39 million vs. $133.64 million last year
