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Dorian LPG Ltd. operates as an international liquefied petroleum gas shipping company that owns and operates modern, ECO and dual-fuel very large gas carriers for global LPG transportation. Company news commonly covers quarterly financial results, time-charter-equivalent revenue trends, forward chartering estimates, freight-market conditions, irregular cash dividends and fleet activity.
Updates also include deliveries of dual-fuel VLGCs, employment of vessels through the Helios LPG Pool, board appointments and other governance matters tied to the company’s public common stock.
Dorian LPG (NYSE: LPG) reported strong results for the quarter ended June 30, 2026, with revenues of $187.9 million, a 123.1% increase year over year, and a fleet TCE rate of $75,926 per available day, up 91.1%.
Net income rose to $138.3 million ($3.24 diluted EPS) and adjusted net income to $107.2 million ($2.52 adjusted EPS). Adjusted EBITDA reached $165.4 million. The company declared an irregular cash dividend of approximately $42.8 million ($1.00 per share) payable on or about August 12, 2026, and had already paid a similar $42.8 million irregular dividend in May 2026.
Dorian LPG prepaid portions of multiple facilities, including $16.5 million on the 2023 A&R Debt Facility and principal related to the VLGCs Cobra, Corsair and Constellation, while completing vessel sales generating net proceeds of about $248.3 million and a $30.1 million gain on the Cobra sale.
Dorian LPG (NYSE: LPG) will release financial results for the first quarter ended June 30, 2026 on August 5, 2026, before market open. The company also completed the sale of its 2015-built VLGC Constellation on July 27, 2026, generating about $87.3 million in cash, and repaid associated debt of $23.9 million. A results conference call will be held the same day at 10:00 a.m. ET, with live dial-in and webcast access plus a replay available through August 12, 2026.
Dorian LPG (NYSE: LPG) announced that its Board of Directors declared an irregular cash dividend of $1.00 per share, returning approximately $42.8 million to shareholders. The dividend is payable on or about August 12, 2026 to shareholders of record as of July 27, 2026.
Dorian LPG also completed the sale of its 2014-built VLGC Corsair on July 8, 2026, generating approximately $81.8 million in cash proceeds. According to the company, associated debt of $24.2 million was repaid during the quarter ended June 30, 2026.
Dorian LPG (NYSE:LPG) agreed with HD Hyundai to build one 90,000 cbm dual-fuel Panamax VLGC for about $115 million, with delivery in July 2029.
Dorian also signed MOAs to sell three VLGCs for about $256 million and estimates fixing 99% of Q2 2026 days above $68,000/day and 34% of July 2026 days above $100,000/day.
Dorian LPG (NYSE:LPG) reported strong fourth quarter and fiscal year 2026 results. Q4 2026 revenue was $153.3 million with net income of $81.0 million ($1.90 diluted EPS) and TCE of $63,615. Fiscal 2026 revenue reached $481.5 million with net income of $193.7 million ($4.54 EPS) and TCE of $52,238. The company declared four irregular dividends totaling $104.7 million during the year and announced an additional $1.00 per share irregular dividend ($42.8 million). Dorian LPG also took delivery of dual-fuel VLGC/AC Areion, entered a $62.9 million Areion debt facility, prepaid $16.5 million of debt, and sold VLGC Cobra for net proceeds of $81.9 million.
Dorian LPG (NYSE:LPG)/b) plans to release unaudited results for the period ended March 31, 2026, on Wednesday, May 20, 2026, before market open.
The company will host an earnings conference call at 10:00 a.m. ET with live dial-in and webcast access, plus a replay available until May 27, 2026.
Dorian LPG (NYSE: LPG) declared an irregular cash dividend of $1.00 per share, returning approximately $42.8 million of capital to shareholders. The dividend is payable on or about May 28, 2026 to holders of record as of the close of business on May 18, 2026.
Dorian LPG (NYSE: LPG) appointed Christopher J. Wiernicki as a Class I director effective May 5, 2026, increasing the Board from eight to nine directors. Mr. Wiernicki brings 40 years of marine and offshore experience, including serving as ABS CEO from 2011–2025 and roles in safety, risk management, digitalization, and decarbonization.
He holds engineering degrees from Vanderbilt, George Washington, and MIT, completed Harvard AMP, serves as MIT Professor of the Practice, and has held advisory roles with the White House and Singapore transport authorities.
Dorian LPG (NYSE:LPG) provided forward chartering estimates for the quarter ending March 31, 2026. According to the company, it has fixed 99% of calendar days for the quarter at rates in excess of $58,000 per day.
The company warned these are forward-looking estimates and undertakes no obligation to update them; actual results could differ materially from these expectations.
Dorian LPG (NYSE: LPG) took delivery of the dual-fuel 93,000 cbm VLGC/AC "Areion" on March 20, 2026 from Hanwha Ocean Heavy Industries at Okpo Shipyard.
Areion can burn LPG or fuel oil, is BESS-ready, AMP-equipped for shore power, fitted with a hybrid scrubber, and cuts CO2 emissions by ~20%. Dorian financed delivery with a $62.9 million facility from Citi and Nordea, including a K-sure guaranteed $42.2 million tranche.