Dorian LPG Ltd. Q3 2024 10-Q Filed

TL;DR

Dorian LPG's Q3 2025 10-Q is in, check the balance sheet for stock and earnings details.

AI Summary

Dorian LPG Ltd. filed its 10-Q for the period ending December 31, 2024. The filing details financial performance and position, including information on common stock, treasury stock, retained earnings, and additional paid-in capital as of various dates in 2023 and 2024. Specific financial figures for the quarter ending September 30, 2024, and the nine months ending December 31, 2024, are presented.

Why It Matters

This filing provides investors with a detailed look at Dorian LPG's financial health and operational performance during the third quarter of fiscal year 2025, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing contains detailed financial data which requires careful analysis to assess the company's financial health and potential risks.

Key Numbers

• 03-31 — Fiscal Year End (Indicates the end of the company's fiscal year.)
• 2024-12-31 — Period End Date (The end date of the reporting period for this 10-Q.)
• 2025-01-31 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• DORIAN LPG LTD. (company) — Filer of the 10-Q
• 2024-12-31 (date) — Period of report for the 10-Q
• 2025-01-31 (date) — Filing date of the 10-Q
• 2023-07-01 (date) — Start date for a comparative period
• 2024-09-30 (date) — End date for a quarterly period

FAQ

Key Financial Figures

• $0.01 — ch Registered Common stock, par value $0.01 per share LPG New York Stock Exchan

Filing Documents

• lpg-20241231x10q.htm (10-Q) — 2104KB
• lpg-20241231xex31d1.htm (EX-31.1) — 24KB
• lpg-20241231xex31d2.htm (EX-31.2) — 23KB
• lpg-20241231xex32d1.htm (EX-32.1) — 8KB
• lpg-20241231xex32d2.htm (EX-32.2) — 8KB
• lpg-20241231x10q001.jpg (GRAPHIC) — 3KB
• 0001596993-25-000013.txt ( ) — 8439KB
• lpg-20241231.xsd (EX-101.SCH) — 55KB
• lpg-20241231_cal.xml (EX-101.CAL) — 61KB
• lpg-20241231_def.xml (EX-101.DEF) — 230KB
• lpg-20241231_lab.xml (EX-101.LAB) — 459KB
• lpg-20241231_pre.xml (EX-101.PRE) — 352KB
• lpg-20241231x10q_htm.xml (XML) — 1552KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This quarterly report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), including analyses and other information based on forecasts of future results and estimates of amounts not yet determinable and statements relating to our future prospects, developments and business strategies. We intend for these forward-looking statements to be covered by the safe harbor provided for under the sections referenced in the immediately preceding sentence and the PSLRA. Forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "likely," "may," "might," "pending," "plan," "possible," "potential," "predict," "project," "seeks," "should," "targets," "will," "would," and similar expressions, terms and phrases, including references to assumptions . Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual future activities and results of operations to differ materially from future results expressed, projected, or implied by those forward-looking statements in this quarterly report. These risks include the risks that are identified in the "Risk Factors" section of this quarterly report and of our Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and also include, among others, risks associated with the following: our future operating or financial results; our business strategies, including with respect to acquisitions and chartering, and expected capital spending o

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS Unaudited Condensed Consolidated Balance Sheets as of December 31, 2024 and March 31, 2024 1 Unaudited Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2024 and December 31, 2023 2 Unaudited Condensed Consolidated Statements of Shareholders' Equity for the nine months ended December 31, 2024 and December 31, 2023 3 Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2024 and December 31, 2023 4 Notes to Unaudited Condensed Consolidated Financial Statements 5 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 19 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 29 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 29 PART II. OTHER INFORMATION ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 31 ITEM 1A.

RISK FACTORS

RISK FACTORS 31 ITEM 5. OTHER INFORMATION 31 ITEM 6. EXHIBITS 31 EXHIBIT INDEX 32

SIGNATURES

SIGNATURES 33 Table of Contents

— FINANCIAL INFORMATIO N

PART I — FINANCIAL INFORMATIO N

FINANCIAL STATEMENT S

ITEM 1.FINANCIAL STATEMENT S Dorian LPG Ltd. Unaudited Condensed Consolidated Balance Shee ts (Expressed in United States Dollars, except for share data) As of As of December 31, 2024 March 31, 2024 Assets Current assets Cash and cash equivalents $ 314,532,172 $ 282,507,971 Trade receivables, net and accrued revenues 990,655 659,567 Due from related parties 73,615,519 52,352,942 Inventories 2,348,389 2,393,379 Available-for-sale debt securities 10,001,336 11,530,939 Derivative instruments 946,554 5,139,056 Prepaid expenses and other current assets 12,716,507 14,297,917 Total current assets 415,151,132 368,881,771 Fixed assets Vessels, net 1,164,143,821 1,208,588,213 Vessel under construction 24,745,465 23,829,678 Total fixed assets 1,188,889,286 1,232,417,891 Other non-current assets Deferred charges, net 13,967,496 12,544,098 Derivative instruments 5,198,407 4,145,153 Due from related parties—non-current 26,400,000 25,300,000 Restricted cash—non-current 73,466 75,798 Operating lease right-of-use assets 167,583,682 191,700,338 Other non-current assets 2,795,694 2,585,116 Total assets $ 1,820,059,163 $ 1,837,650,165 Liabilities and shareholders' equity Current liabilities Trade accounts payable $ 9,250,677 $ 10,185,962 Accrued expenses 3,505,020 3,948,420 Due to related parties 2,291,072 7,283 Deferred income 695,512 486,868 Current portion of long-term operating lease liabilities 34,243,891 32,491,122 Current portion of long-term debt 53,880,102 53,543,315 Dividends payable 757,516 1,149,665 Total current liabilities 104,623,790 101,812,635 Long-term liabilities Long-term debt—net of current portion and deferred financing fees 512,031,157 551,549,215 Long-term operating lease liabilities 133,356,317 159,226,326 Other long-term liabilities 1,539,051 1,528,906 Total long-term liabilit

View Full Filing

View this 10-Q filing on SEC EDGAR