LPG
Dorian LPG Ltd.24.84
-0.16-0.64%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.06BP/E (TTM)
11.19Basic EPS (TTM)
2.22Dividend Yield
0.1%Recent Filings
8-K
10-Q
8-K
Shareholders approve directors, auditors
Dorian LPG shareholders re-elected directors John C. Hadjipateras, Malcolm McAvity, and Mark Ross at the September 5, 2025 annual meeting, with strong support ranging from 24.9 million to 26.6 million votes for, despite some withholdings. They ratified Deloitte as auditors for fiscal 2026, garnering 32.8 million yes votes, and approved executive pay on an advisory basis with 22.8 million in favor. Continuity intact. This signals investor alignment on governance amid shipping sector volatility.
10-Q
Q1 FY2026 results
Dorian LPG's Q1 FY2026 revenues fell 26.4% y/y to $84.2M, driven by lower TCE rates of $39,726 per available day (down from $50,243) amid softer spot markets, while available days dropped to 2,086 from 2,260 due to more drydockings. Operating income slid to $15.6M from $55.5M, with gross margins squeezed by higher G&A expenses up 62% to $16.9M from bonus timing, yet vessel ops held steady at $11,466 daily. Diluted EPS of $0.24 matched net income of $10.1M divided by 42.5M shares, confirming consistency. Cash dipped to $277.9M after $21.2M dividends and $14.0M debt paydown, leaving $539.6M total debt with full covenant compliance; free cash flow not disclosed in the 10-Q. The newbuild VLGC/AC advances toward Q2 2026 delivery with $86.2M committed. Fleet stays resilient in the Helios Pool. Volatility in charter rates remains a key watchpoint.
8-K
Q1 earnings drop, dividend declared
Dorian LPG reported Q1 fiscal 2026 net income of $10.1 million, down sharply from $51.3 million last year, as revenues fell 26.4% to $84.2 million amid lower TCE rates of $39,726 per day and heavy drydockings cutting available days. The board declared an irregular $0.60 per share dividend, totaling $25.6 million, payable August 27 to holders of record August 12. Volatility hit hard. Yet strong current bookings signal resilience in LPG fundamentals.
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