Dorian LPG (NYSE:LPG) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Dorian LPG (NYSE:LPG) issued its earnings results on Thursday. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06), Briefing.com reports. Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The company had revenue of $118.23 million during the quarter, compared to analyst estimates of $115.15 million. During the same quarter last year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 48.7% compared to the same quarter last year.

Here are the key takeaways from Dorian LPG’s conference call:

• Declared an irregular dividend of $0.70 per share (~$29.9M), the 18th payment, bringing total dividends to over $725M and total cash returned to shareholders to about $961M since the IPO.
• VLGC spot chartering remained strong with a TCE per available day of $50,333 (Helios pool spot ~$50,500), while global LPG liftings hit record quarterly levels (~37M tons), supporting a constructive 2026 outlook.
• Financially well capitalized with $294.5M free cash, $516M of debt (net debt to total cap ~13.8%) and an undrawn revolver/accordion, though management plans to finance the ~$62M remaining newbuilding payment.
• Operational and sustainability progress: completed the 2014–2016 dry-docking cycle, fitted energy-saving devices and silicone paint, achieved a fleet AER of 6.24% (10.4% better than the IMO 2025 target), and will take delivery of a 93,000m3 ammonia-capable dual‑fuel VLGC in March.
• Near-term volatility and risks: an unexpected drop in the Saudi contract price and temporary China port service fees disrupted freight markets, and roughly 36 VLGCs entering the market in 2026 could pressure rates as capacity is absorbed.

Dorian LPG Stock Performance

Shares of LPG traded up $2.33 during trading hours on Friday, reaching $32.39. 1,351,607 shares of the company’s stock traded hands, compared to its average volume of 495,861. Dorian LPG has a twelve month low of $16.66 and a twelve month high of $33.02. The business’s fifty day simple moving average is $26.56 and its two-hundred day simple moving average is $28.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 3.30. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.40 and a beta of 0.58.

Dorian LPG Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th will be issued a dividend of $0.70 per share. This represents a dividend yield of 950.0%. The ex-dividend date of this dividend is Monday, February 9th.

Insider Activity

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the transaction, the insider owned 212,842 shares of the company’s stock, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Hadjipateras purchased 15,000 shares of Dorian LPG stock in a transaction dated Wednesday, January 7th. The stock was bought at an average cost of $27.30 per share, with a total value of $409,500.00. Following the completion of the purchase, the chief executive officer owned 153,500 shares in the company, valued at approximately $4,190,550. This trade represents a 10.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new stake in shares of Dorian LPG during the 3rd quarter worth $41,000. NewEdge Advisors LLC raised its position in shares of Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,315 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,340 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Dorian LPG by 138.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,494 shares of the shipping company’s stock valued at $85,000 after purchasing an additional 2,031 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Dorian LPG in the 3rd quarter valued at $205,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LPG shares. Wall Street Zen upgraded Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Dnb Carnegie upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Key Dorian LPG News

Here are the key news stories impacting Dorian LPG this week:

• Positive Sentiment: Company declared an irregular cash dividend of ~$29.9m (about $0.70/share), a direct return of capital that supports shareholder value and signals strong free cash flow. Dorian LPG Ltd. Announces Third-Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: Quarterly results show revenue up ~49% YoY and a rise in profit — underlying cash generation and margins improved versus last year, supporting the company’s ability to sustain distributions and deleverage. Dorian LPG profit rises in third quarter
• Positive Sentiment: Management flagged an upbeat 2026 outlook with some “unusual” tailwinds (operational/contract or market developments noted by management), which helps offset near-term rate concerns. Dorian LPG upbeat as 2026 brings ‘unusual’ good news
• Neutral Sentiment: Investor presentation and earnings-call materials are available for deeper review — useful for modeling contract coverage, cash flow sensitivity and fleet utilization but contain no single surprise. (Review slides/call transcript for details.) Dorian LPG Ltd. 2026 Q3 – Results – Earnings Call Presentation
• Negative Sentiment: Analyst downgrade from DNB: the bank warns large inflows of new VLGC deliveries could pressure spot rates and freight earnings, creating a sector-level headwind that could weigh on Dorian’s voyage revenue and charter rates. Dorian LPG downgraded as DNB sees VLGC deliveries weighing on rates
• Negative Sentiment: Reported EPS missed estimates ($1.11 vs. $1.25 consensus) despite revenue beat, which prompted an initial share pullback and underscores volatility in quarterly earnings vs. analyst models. Dorian LPG shares drop over 2% as Q3 earnings miss estimates
• Negative Sentiment: Market reaction to the mixed quarter (profit up but EPS short of consensus) has introduced near-term volatility; investors should watch VLGC newbuilding deliveries, spot rate trends and contract coverage for signs of sustainable rate improvement. Dorian LPG sees profit surge in up-and-down quarter

Dorian LPG Company Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.