Dorian LPG reports Q1 adjusted EPS $1.21, consensus $1.63

Reports Q1 revenue $111.56M, consensus $132.93M. John Hadjipateras, chairman, president and CEO of the company, commented, “The first quarter results reflected a firm market, as strong demand continues to absorb new-building deliveries. Our board declared an irregular dividend, once again highlighting our commitment to disciplined capital allocation consistent with a strong balance sheet. The addition of the “Cristobal,” one of four dual-fuel ships to join our fleet, reflects a diligent approach to fleet renewal. It is appropriate to acknowledge that our fine results would not have been possible without our dedicated seafarers and our shoreside staff who strive to provide our customers the best, safe, reliable, clean and trouble free transportation service.”