Dorian Lpg Ltd Stock Price, News & Analysis

Dorian LPG (NYSE:LPG), a leading owner and operator of modern ECO very large gas carriers (VLGCs), has scheduled its first quarter fiscal 2026 earnings release for August 1, 2025, before market open. The company will discuss financial results for the quarter ended June 30, 2025.

The company has noted that based on investor feedback, they will not provide pre-release numbers. A conference call will be held the same day at 10:00 a.m. ET, accessible via phone (1-800-225-9448 for US, 1-203-518-9708 for international) or webcast on the company's investor relations website. A replay will be available until August 08, 2025.

Dorian LPG Ltd. (NYSE: LPG) reported its Q4 and FY2025 financial results. For Q4 2025, the company recorded revenues of $75.9 million and net income of $8.1 million ($0.19 per share). The Q4 TCE rate was $35,324, down 44.3% from $63,375 in Q4 2024. For FY2025, Dorian achieved revenues of $353.3 million and net income of $90.2 million ($2.14 per share). The company declared an irregular cash dividend of $0.50 per share payable on May 30, 2025. Throughout FY2025, Dorian paid four irregular dividends totaling $156.2 million and issued 2 million common shares at $44.50 per share. The company's performance was impacted by lower spot rates and a heavy drydocking schedule, though partially offset by lower bunker prices.

Dorian LPG Ltd. (NYSE: LPG) has provided preliminary financial outlook for Q4 2025 (ended March 31). The company expects Time Charter Equivalent (TCE) revenues between $73.1-75.1 million and vessel operating expenses of $22.9-24.9 million. Charter hire expenses are projected at $9.3-11.3 million, while general and administrative expenses (excluding stock-based compensation) are estimated between $5.8-7.8 million. The company reports strong liquidity with cash and cash equivalents of $315.9-317.9 million, though it carries long-term debt obligations of $556.4-558.4 million. The company will announce its official Q4 and full-year 2025 results on May 22, 2025, followed by an earnings conference call at 10:00 a.m. ET.

Dorian LPG (NYSE: LPG) has announced an irregular cash dividend of $0.50 per share of common stock, totaling approximately $21.3 million. The dividend will be payable on May 30, 2025 to shareholders of record as of the close of business on May 16, 2025.

The company emphasizes that this is an irregular dividend, with future declarations subject to Board discretion based on various factors including operational results, financial condition, indebtedness levels, capital requirements, and contractual restrictions.

Dorian LPG reported financial results for Q3 FY2025, with revenues of $80.7 million and net income of $21.4 million ($0.50 per diluted share). The company declared an irregular dividend of $0.70 per share, totaling approximately $30.0 million, payable on February 27, 2025.

Key performance metrics include Time Charter Equivalent (TCE) rate of $36,071 per available day, representing a 49.9% decrease from $71,938 in the same period last year. Adjusted EBITDA was $45.2 million. Vessel operating expenses increased to $11,097 per vessel per calendar day compared to $9,936 in the prior year period.

The company maintains a positive market outlook, citing additional export capacity coming online in the United States and a modest orderbook. The VLGC orderbook currently stands at approximately 20% of the global fleet, with 107 VLGCs expected to be added by 2027.

Dorian LPG (NYSE: LPG) has declared an irregular cash dividend of $0.70 per share, which will return approximately $30.0 million to shareholders. The dividend is payable on February 27, 2025, to shareholders of record as of February 5, 2025.

For Q3 2024, the company provided preliminary financial outlook including: Time charter equivalent revenues between $78.7-80.7 million, vessel operating expenses of $20.4-22.4 million, and charter hire expenses of $9.6-11.6 million. The company expects to maintain cash and cash equivalents of $313.5-315.5 million, with long-term debt obligations ranging from $569.3-571.3 million.

The company will announce its unaudited Q3 2024 financial results on January 31, 2025, before market open, followed by an earnings conference call at 10:00 a.m. ET.

Dorian LPG reported financial results for Q2 FY2025 with revenues of $82.4 million and net income of $9.4 million ($0.22 per diluted share). The company declared an irregular dividend of $42.8 million to be paid on November 25, 2024. Time Charter Equivalent rate was $37,010 per available day, representing a 41.1% decrease from $62,846 in the same period last year. Adjusted EBITDA was $46.2 million, and vessel operating expenses decreased to $10,114 per vessel per calendar day. The company noted that rates reflect a return to a balanced market as the Panama Canal drought effect has reversed.

Dorian LPG (NYSE: LPG) announced an irregular cash dividend of $1.00 per share, totaling $42.8 million, payable on November 25, 2024. The company expanded its Board to eight directors, appointing Mark Ross. For Q2 2025, Dorian expects time charter equivalent revenues of $80.7-82.7 million, vessel operating expenses of $18.5-20.5 million, and cash positions of $347.6-349.6 million. Long-term debt is projected at $582.7-584.7 million. The company will announce detailed Q2 2025 results on October 31, 2024.

Dorian LPG (NYSE: LPG), a leading operator of 25 modern Very Large Gas Carriers, is positioning itself as a leader in maritime sustainability. The company's strategy focuses on three key areas:

1. Technical Improvements: Implementing upgrades like hydrodynamic enhancing fins and high-quality coatings to reduce drag and fuel consumption.
2. Operational Enhancements: Optimizing day-to-day operations through weather routing and just-in-time arrival practices.
3. Long-Term Innovations: Exploring alternative fuels and new technologies for future decarbonization.

Dorian LPG has partnered with Hempel to apply X7 silicone paint on five vessels, resulting in increased fuel savings and return on investment. This initiative is part of Dorian's commitment to providing safe, reliable, and clean transportation while reducing operational emissions.