Every 10-Q that Dorian Lpg Ltd (LPG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LPG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LPG filings page.
Dorian LPG Ltd., a VLGC-focused LPG shipping company, reported a strong quarter for the three months ended June 30, 2026. Total revenues rose to $187,884,848, up 123.1% from the prior-year period, driven by higher average time charter equivalent (TCE) rates of $75,926 per day and more available days. Net income jumped to $138,285,022, with diluted EPS of $3.24, aided by a $30,116,869 gain from the sale of the 2015-built VLGC Cobra. Vessel operating expenses fell to $10,356 per vessel per day, while general and administrative expenses declined 20.2%.
Cash and cash equivalents were $342,141,482 at June 30, 2026, against long-term debt (net of fees) of $507,543,957. Operating activities provided $30,471,851 of cash, investing activities added $80,548,596 mainly from the Cobra sale, and financing outflows of $96,231,501 reflected debt repayments and a $1.00-per-share irregular dividend (about $42.8 million). The company reclassified three VLGCs as held for sale and subsequently sold Corsair and Constellation for $166.4 million net, expecting a cumulative gain of about $63.5 million, and committed $115,300,000 to a new dual-fuel Panamax VLGC delivering in 2029.
Dorian LPG Ltd. delivered sharply improved results for the quarter ended December 31, 2025, driven by higher shipping rates and more operating days. Revenue rose to $119.9 million from $80.7 million, while net income more than doubled to $47.2 million, or $1.11 per diluted share, up from $0.50.
Time charter equivalent rates increased to $50,333 per day from $36,071, helped by stronger spot LPG markets and lower fuel prices. For the nine months, net income reached $112.7 million and operating cash flow was $128.0 million, supporting irregular dividends totaling $1.75 per share and modest debt reduction.
The company ended the period with $294.5 million in cash and cash equivalents and $513.2 million of long-term debt, and it is investing in a 93,000 cbm VLGC/ammonia carrier and additional scrubber upgrades as it operates a 27‑vessel VLGC fleet through the Helios Pool.
Dorian LPG Ltd. reported a stronger quarter for the three months ended September 30, 2025. Total revenues rose to $124.1 million from $82.4 million, driven by higher spot rates and lower fuel costs. Net income increased to $55.4 million from $9.4 million, with diluted EPS of $1.30 versus $0.22.
Time charter equivalent rates improved to $53,725 per available day from $37,010, supported by a higher Baltic LPG index average of $81.320 and lower very low sulfur fuel oil prices of $505 per metric ton. Operating income reached $59.3 million, while interest and finance costs fell to $7.6 million on lower average debt and higher capitalized interest.
Cash and cash equivalents were $268.4 million at period end. Debt obligations were $530.0 million ($526.4 million net of deferred fees), and shareholders’ equity was $1.07 billion. The company paid irregular cash dividends of $0.50 per share in May (totaling $21.3 million) and $0.60 per share in August (totaling $25.7 million). Subsequently, an irregular cash dividend of $0.65 per share totaling $27.8 million was declared, payable on or about December 2, 2025 to shareholders of record on November 17, 2025.
The fleet comprised 27 VLGCs, including six chartered-in vessels, and one 93,000 cbm VLGC/Ammonia Carrier under construction for delivery in the second calendar quarter of 2026.