Welcome to our dedicated page for Dorian LPG Ltd. news (Ticker: $LPG), a resource for investors and traders seeking the latest updates and insights on Dorian LPG Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Dorian LPG Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Dorian LPG Ltd.'s position in the market.
Dorian LPG (NYSE: LPG) provided a financial and operational update for Q4 2024, ending March 31, 2024. The company plans to release its unaudited financial results on May 22, 2024, before market open, followed by an earnings conference call at 10:00 a.m. ET.
Preliminary figures indicate time charter equivalent (TCE) revenues between $140M and $142M, vessel operating expenses between $19.4M and $21.4M, and charter hire expenses between $12.5M and $12.9M. General and administrative expenses are expected to be $6.35M to $6.75M, with stock-based compensation and bonuses at $1.8M to $2.2M.
The company reported 1,911 calendar days, 364 time chartered-in days, and 2,228 available days, with a utilization rate of 87.7%. Cash and cash equivalents are projected between $280.5M and $284.5M, with long-term debt obligations between $608.5M and $612.5M. Final figures may change as the financial closing process continues.
Dorian LPG announced the promotions of two executives to key roles and the ringing of the New York Stock Exchange closing bell to celebrate 10 years as a public company. John Lycouris appointed as Head of Energy Transition and Alexander Hadjipateras as Chief Operating Officer. The Company recognizes the importance of managing the energy transition in the shipping industry for growth. The NYSE closing bell ceremony will take place on May 9, 2024.