Dorian LPG Q1 revenue beats estimates
LPG•Outlook and key figures
The company said current-quarter VLGC freight rates remain volatile and elevated due to geopolitical tensions. It also noted that operational inefficiencies and longer voyage durations are sustaining pressure on freight rates.
Dorian LPG highlighted a large VLGC orderbook through 2030, which it said may affect future market dynamics.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Revenue | Beat | $187.9 mln | $156.04 mln (6 analysts) |
| Q1 EPS | $3.24 | ||
| Q1 Net Income | $138.30 mln | ||
| Q1 Adjusted EBITDA | $165.40 mln |
The current average analyst rating on the shares is buy, with 4 strong buy or buy ratings, 3 hold ratings and no sell or strong sell ratings. The median 12-month price target is $50.00, about 14.9% above the August 4 closing price of $43.52. The stock recently traded at 7 times the next 12-month earnings, versus a P/E of 8 three months ago.
