Dorian LPG Ltd. announced earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported revenues of $35,734,988 compared with $93,283,708 for the same period a year ago. Operating loss was $3,453,959 compared with $54,011,305 for the same period a year ago. Net income was $5,039,624 compared with $54,661,323 for the same period a year ago. Earnings per common diluted share was $0.09 compared with $0.97 for the same period a year ago. Adjusted EBITDA was $13,927,649 compared with $68,738,066 for the same period a year ago. Adjusted net loss was $19,341,682 compared with income of $47,271,455 for the same period a year ago. Adjusted loss per common diluted share was $0.36 compared with income $0.84 for the same period a year ago. The decrease of $66.6 million in adjusted net loss for the three months ended December 31, 2016 compared to the three months ended December 31, 2015 is primarily attributable to reduced revenues of $57.6 million, a $2.9 million increase in depreciation and amortization, a $2.8 million increase in vessel operating expenses, a $2.7 million increase in interest and finance costs, and a $6.4 million increase in realized loss on derivatives, partially offset by a $3.1 million decrease in voyage expenses and a $2.3 million decrease in general and administrative expenses. The decrease in revenues is primarily attributable to lower VLGC rates resulting in a decrease in revenues of $58.2 million for VLGCs that were operating in fleet during both three-month periods, along with a decrease of $0.7 million in revenues contributed by a pressurized gas carrier operating in fleet during the three months ended December 31, 2015 that was sold prior to the three months ended December 31, 2016. For the nine months, the company reported revenues of $119,861,997 compared with $203,872,600 for the same period a year ago. Operating income was $4,748,467 compared with $116,326,542 for the same period a year ago. Net loss was $3,397,085 compared with income of $109,527,470 for the same period a year ago. Loss per common diluted share was $0.06 compared with income of $1.92 for the same period a year ago. Adjusted EBITDA was $56,757,693 compared with $145,793,680 for the same period a year ago. Adjusted net loss was $29,936,735 compared with income of $105,862,146 for the same period a year ago. Adjusted loss per common diluted share was $0.55 compared with loss of $1.86 for the same period a year ago.