Every 8-K 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 8-K covers material events a company has to report between its quarterly 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. (LPG) disclosed that it has agreed to build three 90,000 cbm dual-fuel Panamax VLGCs with Hanwha Ocean for delivery in June, September, and December 2030 at a total price of approximately $345 million, supporting long-term fleet renewal and decarbonization goals. For the quarter ending September 30, 2026, the company estimates it has fixed about 99% of its fleet calendar days at rates in excess of $88,000 per day, excluding any demurrage. Dorian also entered into a new seven-year $368.4 million credit facility to refinance multiple existing facilities, comprising a $213.4 million term loan and a $155.1 million revolving credit facility, with a margin of 140 basis points over SOFR, an age-adjusted profile of 22 years, and a $200 million accordion feature to support future growth.
Dorian LPG Ltd. reported first quarter fiscal 2027 results for the three months ended June 30, 2026, with revenue of $187.9 million, an increase of $103.7 million, or 123.1%, from $84.2 million a year earlier. Net income amounted to $138.3 million, or $3.24 per diluted share, compared to $10.1 million, or $0.24 per diluted share, for the prior-year period.
Adjusted net income was $107.2 million, or $2.52 per diluted share, versus $11.3 million, or $0.27 per diluted share, with the $95.9 million increase driven mainly by higher revenues from increased time charter equivalent rates and available days, along with lower general and administrative and vessel operating expenses, partly offset by higher charter hire and profit sharing expenses. Adjusted EBITDA rose to $165.4 million from $38.6 million.
The fleet achieved a time charter equivalent rate of $75,926 per available day, a 91.1% increase, while daily vessel operating expenses decreased to $10,356. Results also included a $30.1 million gain on the sale of the VLGC Cobra and $0.9 million of unrealized derivative gains. Average indebtedness excluding deferred financing fees declined to $537.9 million from $553.0 million, and at June 30, 2026 cash and cash equivalents were $342.1 million with shareholders equity of $1.24 billion.
Dorian LPG Ltd. updated its executive severance arrangements. On July 24, 2026, the board, following a recommendation from its compensation committee, approved and adopted an Amended and Restated Executive Severance and Change in Control Severance Plan covering executive officers.
The revision focuses on the definition of “Change in Control”. Certain carve-outs in that definition were removed because they are no longer considered appropriate in light of the company’s current shareholder base. The updated definition is intended to align with the “Change in Control” definition used in Dorian LPG’s Second Amended and Restated 2014 Equity Incentive Plan.
Dorian LPG Ltd. declared an irregular cash dividend of $1.00 per share of common stock, returning approximately $42.8 million of capital to shareholders. The dividend is payable on or about August 12, 2026 to shareholders of record as of July 27, 2026.
The company also completed the sale of its 2014-built VLGC Corsair on July 8, 2026, generating approximately $81.8 million in cash proceeds. Associated debt of $24.2 million tied to Corsair was repaid during the quarter ended June 30, 2026.
Dorian LPG Ltd. signed a contract with HD Hyundai to build one 90,000 cbm dual-fuel Panamax VLGC for delivery in July 2029 at a price of approximately $115 million. The vessel will include a shaft generator to improve power efficiency and reduce emissions.
The company also entered into memorandums of agreement to sell the 2014-built Corsair and two 2015-built VLGCs for aggregate proceeds of approximately $256 million, expecting deliveries to buyers by the fourth calendar quarter of 2026, though completion is not guaranteed. For the quarter ending June 30, 2026, Dorian estimates that it has fixed 99% of its calendar days at rates in excess of $68,000 per day and for the month ending July 31, 2026, about 34% of days at rates above $100,000 per day.
Dorian LPG reported much stronger results for the quarter and year ended March 31, 2026. Quarterly net income jumped to $81.0 million, or $1.90 per diluted share, up from $8.1 million, or $0.19, a year earlier, driven by a more than doubling of revenues and sharply higher vessel earnings.
For fiscal 2026, net income rose to $193.7 million, or $4.54 per diluted share, compared with $90.2 million, or $2.14, in fiscal 2025. Revenues increased 36.3% to $481.5 million as the fleet’s time charter equivalent rate improved to $52,238 from $39,778, while daily vessel operating expenses declined.
Adjusted EBITDA grew to $305.1 million, and management highlighted delivery of the newbuild Areion, the sale of the 2015-built Cobra, and declaration of a $1.00 per share irregular dividend, reflecting confidence in long-term LPG demand despite geopolitical uncertainty.
Dorian LPG Ltd. is paying an irregular cash dividend of $1.00 per share on its common stock. The dividend, totaling about $42.8 million, will be paid on or about May 28, 2026 to shareholders of record at the close of business on May 18, 2026.
The company emphasizes that this is an irregular, not regular, dividend and that any future dividends will depend on factors such as operating results, financial condition, indebtedness, capital needs, contractual and legal restrictions, and overall business prospects, as determined by its Board of Directors.
Dorian LPG Ltd. reported that its board of directors increased in size from eight to nine members and appointed Christopher J. Wiernicki as a Class I director effective immediately.
Wiernicki is 67 and brings 40 years of marine and offshore experience, including a 32-year leadership career at the American Bureau of Shipping (ABS), where he served as chairman and chief executive officer from 2011 through 2025. The company highlights his expertise in safety, risk management digitalization, and decarbonization, as well as advisory roles with U.S. and Singapore government bodies and several academic and industry organizations.
Dorian LPG describes itself as a leading owner and operator of modern VLGCs, with a fleet of 28 vessels, including six dual-fuel ECO VLGCs, twenty ECO VLGCs, and two modern VLGCs that transport liquefied petroleum gas globally.
Dorian LPG Ltd. released an operational update for the quarter ending March 31, 2026, stating it has fixed 99% of its fleet calendar days at rates above $58,000 per day. This indicates very high charter coverage for its very large gas carriers for the current quarter.
The company emphasizes that these figures are estimates and forward-looking, subject to risks and potential adjustments as it completes its financial closing process. Dorian LPG also highlights its 28-vessel modern VLGC fleet and global operating footprint across the U.S., Denmark, and Greece.
Dorian LPG Ltd. filed a current report describing that it has released financial results for the quarterly period ended December 31, 2025. On February 5, 2026, the company issued a press release detailing these results.
The press release is attached as Exhibit 99.1 and is incorporated by reference, but the specific financial figures are not included in this report. The company notes that this information is being "furnished" to, rather than "filed" with, the SEC under the securities laws framework.
Dorian LPG Ltd. filed a current report describing recent financial communications and a new shareholder payout. The company issued a press release with a market and financial update for the quarter ended December 31, 2025, and announced the timing of its Third Quarter 2026 earnings call.
The Board of Directors declared an irregular cash dividend of $0.70 per share on common stock, payable on or about February 24, 2026 to shareholders of record as of the close of business on February 9, 2026. Future dividends will depend on factors such as results of operations, financial condition, indebtedness, capital needs, contractual and legal restrictions, and overall business prospects.
Dorian LPG Ltd. (LPG) declared an irregular cash dividend of $0.65 per share on its common stock. The dividend is payable on or about December 2, 2025 to shareholders of record as of the close of business on November 17, 2025. The board stated that future dividends will be determined at its discretion after considering operating results, financial condition, indebtedness, capital needs, and applicable restrictions.
The company also furnished a press release covering financial results for the quarter ended September 30, 2025, without those details included here.
Dorian LPG Ltd. reported the results of its annual shareholder meeting for the fiscal year ending March 31, 2025. Of 42,647,720 common shares eligible to vote, 33,255,321 were represented in person or by proxy. Shareholders re-elected Class III directors John C. Hadjipateras, Malcolm McAvity, and Mark Ross to serve until the annual meeting for the fiscal year ending March 31, 2028, with each director receiving a strong majority of votes cast.
Shareholders also approved the ratification of Deloitte Certified Public Accountants S.A. as the independent registered public accounting firm for the fiscal year ending March 31, 2026, with 32,834,641 votes in favor. In an advisory, non-binding vote, shareholders approved the compensation of the company’s named executive officers, with 22,773,361 votes for, 3,242,848 against, and 769,215 abstentions.