Dorian LPG (NYSE:LPG) Posts Earnings Results, Misses Estimates By $0.06 EPS

Dorian LPG (NYSE:LPG) issued its quarterly earnings results on Thursday. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm earned $0.43 EPS. The business’s revenue was up 48.7% on a year-over-year basis.

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 Trading Up 7.8%

LPG traded up $2.33 during trading on Friday, hitting $32.39. The company’s stock had a trading volume of 1,351,607 shares, compared to its average volume of 495,861. The firm’s 50 day moving average price is $26.56 and its 200-day moving average price is $28.20. Dorian LPG has a twelve month low of $16.66 and a twelve month high of $33.02. The stock has a market cap of $1.39 billion, a PE ratio of 11.40 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 3.30.

Dorian LPG Announces Dividend

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

Insider Transactions at Dorian LPG

In related news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the sale, the insider directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Hadjipateras bought 15,000 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was bought at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the acquisition, the chief executive officer owned 153,500 shares of the company’s stock, valued at $4,190,550. This trade represents a 10.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 13.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors have recently bought and sold shares of LPG. NewEdge Advisors LLC increased 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 acquiring an additional 1,315 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,340 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Dorian LPG during the third quarter worth approximately $41,000. Tower Research Capital LLC TRC grew its position in shares of Dorian LPG by 138.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,494 shares of the shipping company’s stock worth $85,000 after buying an additional 2,031 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Dorian LPG in the third quarter worth $205,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About Dorian LPG

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.