Dorian LPG Ltd. Provides Update for Third Quarter 2024 and Announces Third Quarter 2024 Earnings and Conference Call Date

Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), today updated its financial and operational outlook for the quarter ended December 31, 2023. The Company plans to issue a press release on Thursday, February 1, 2024 prior to the market open, announcing its unaudited financial results for the quarter ended December 31, 2023.

Earnings Conference Call

A conference call to discuss the results will be held on Thursday, February 1, 2024 at 10:00 a.m. ET. The conference call can be accessed live by dialing 1- 877-407-9716, or for international callers, 1- 201-493-6779, and requesting to be joined into the Dorian LPG call.

A live webcast of the conference call will also be available under the investor section at www.dorianlpg.com.

A replay will be available at 1:00 p.m. ET the same day and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13744082. The replay will be available until February 8, 2024, at 11:59 p.m. ET.

Outlook for the Quarter Ended December 31, 2023

The following unaudited financial data for the quarter ended December 31, 2023, is preliminary and based on information available to the Company at this time. The financial data has been prepared by and is the responsibility of the Company’s management and does not present all information necessary for an understanding of the Company’s financial condition as of December 31, 2023, and its results of operations for the three months ended December 31, 2023. Based on information available to the Company at this time, the Company expects that for the quarter ending December 31, 2023:

Time charter equivalent(1) revenues to be between	$161,300,000 — $163,300,000
Vessel operating expenses (including drydock-related expenses) to be between	$18,000,000 — $20,000,000
Charter hire expenses to be between	$8,250,000 — $8,450,000
General and administrative expenses (excluding stock-based compensation and certain cash bonuses) to be between	$6,100,000 — $6,500,000
Stock-based compensation and certain cash bonuses to be between	$1,200,000 — $1,600,000
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