Quarterly ResultMay 20, 2026, 06:02 AM
Dorian LPG Q4 Net Income $81.0M, EPS $1.90; FY Net Income $193.7M
AI Summary
Dorian LPG Ltd. reported significantly improved financial results for the fourth quarter and fiscal year ended March 31, 2026, driven by a healthy freight market. The company's net income and revenues saw substantial year-over-year increases for both periods. Additionally, Dorian LPG declared an irregular cash dividend of $1.00 per share and completed the sale of a VLGC while taking delivery of a new dual-fuel vessel.
Key Highlights
- Q4 2026 Net income $81.0M ($1.90 EPS), up from $8.1M ($0.19 EPS) in Q4 2025.
- Q4 2026 Revenues $153.3M, a 102.0% increase from $75.9M in Q4 2025.
- FY 2026 Net income $193.7M ($4.54 EPS), up from $90.2M ($2.14 EPS) in FY 2025.
- FY 2026 Revenues $481.5M, a 36.3% increase from $353.3M in FY 2025.
- Declared $1.00 per share irregular cash dividend ($42.8M total) payable May 28, 2026.
- Sold 2016-built VLGC Cobra for $81.9M net proceeds on May 6, 2026.
- Took delivery of new dual-fuel VLGC/AC Areion in March 2026.
- Q4 2026 Adjusted EBITDA $106.6M, up from $36.6M in Q4 2025.
Price Impact
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