Dorian LPG Ltd. (NYSE:LPG) Q2 2025 Earnings Call October 31, 2024 10:00 AM ET

Company Participants

Ted Young - Chief Financial Officer
John Hadjipateras - Chairman, President and Chief Executive Officer
John Lycouris - Head, Energy Transition
Tim Hansen - Chief Commercial Officer

Conference Call Participants

Omar Nokta - Jefferies
Clement Mullins - Value Investors Edge

Operator

Hello and welcome to the Dorian LPG Second Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. Additionally, a live audio webcast of today’s conference call is available on Dorian LPG’s website, which is www.dorianlpg.com.

I would now like to turn the conference over to Ted Young, Chief Financial Officer. Thank you, Mr. Young. Please go ahead.

Ted Young

Thank you, Nicky. Good morning and thank you all for joining us for our second quarter 2025 results conference call. With me today are John Hadjipateras, Chairman, President and CEO of Dorian LPG Limited; John Lycouris, Head of Energy Transition; and Tim Hansen, Chief Commercial Officer. As a reminder, this conference call webcast and a replay of this call will be available through November 7, 2024.

Many of our remarks today contain forward-looking statements based on current expectations. These statements may often be identified with words such as expect, anticipate, believe, or similar indications of future expectations. Although we believe that such forward-looking statements are reasonable, we cannot assure you that any forward-looking statements will prove to be correct. These forward-looking statements are subject to known and unknown risks and uncertainties and other factors as well as general economic conditions. Should one or more of these risks or uncertainties materialize or should underlying assumptions or estimates prove to be incorrect, actual results may vary materially from those we express today.

Additionally, let me refer you to our unaudited results for the period ended September 30, 2024 that were filed this morning on Form 10-Q. In addition, please refer to our previous filings on Form 10-K where you’ll find risk factors that could cause actual results to differ materially from these forward-looking statements.

With that, I’ll turn over the call to John Hadjipateras.

John Hadjipateras

Good morning and Happy Halloween. Thank you for joining us. Our Board continues to be committed to returning value to our shareholders, while retaining commercial flexibility, ensuring a strong balance sheet and the ability to invest in optimization and decarbonization initiatives. This is reflected in our capital allocation policy under which after paying out our recently declared dividend of $1 per share, we will have returned over $820 million to our shareholders since our IPO.