Company research
DORIAN LPG LTD.
CIK 1596993Updated Sep 27, 2026
SecurityLPG · NYSE · equity
LPG price & chart
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NYSE:LPG on TradingView ↗About the company
Dorian LPG is a leading owner and operator of modern VLGCs that transport liquefied petroleum gas globally. Dorian LPG's fleet of twenty-five modern VLGCs currently includes six dual-fuel ECO VLGCs, seventeen ECO VLGCs, and two modern VLGCs. Its business is centered around safe, reliable, clean and trouble-free transportation for its customers. Dorian LPG has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece. For more information visit www.dorianlpg.com.
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Recent filings
Submission of Matters to a Vote of Security Holders
Items 5.07
144 filing
144 filing
144/A filing
144 filing
Show 5 more recent filings
144 filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure · Other Events
Items 1.01, 2.03, 7.01, 8.01, 9.01
4 filing
4 filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,871,692,717Source | 1,778,660,280Source | 1,837,650,165Source | 1,708,913,529Source |
| Property, Plant and Equipment, NetUSD | 1,215,930,610Source | 1,187,081,645Source | 1,232,417,891Source | 1,263,976,818Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 327,409,120Source | 316,877,584Source | 282,507,971Source | 148,797,232Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,037,495Source | 1,356,827Source | 659,567Source | 3,282,256Source |
| Inventory, NetUSD | 2,441,578Source | 2,508,684Source | 2,393,379Source | 2,642,395Source |
| Assets, CurrentUSD | 450,250,080Source | 382,356,404Source | 368,881,771Source | 236,298,985Source |
| Prepaid Expense and Other Assets, CurrentUSD | 21,324,303Source | 13,523,008Source | 14,297,917Source | 8,507,007Source |
| Operating Lease, Right-of-Use AssetUSD | 148,712,528Source | 159,212,010Source | 191,700,338Source | 158,179,398Source |
| Other Assets, NoncurrentUSD | 2,991,901Source | 2,799,038Source | 2,585,116Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 732,696,339Source | 732,554,095Source | 814,117,082Source | 835,067,207Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 546,478Source | 543,244Source | 519,950Source | 516,306Source |
| Additional Paid in CapitalUSD | 878,549,693Source | 867,524,073Source | 772,714,486Source | 764,383,292Source |
| Retained Earnings (Accumulated Deficit)USD | 400,016,384Source | 311,142,825Source | 377,135,886Source | 231,843,562Source |
| Stockholders' Equity Attributable to ParentUSD | 1,138,996,378Source | 1,046,106,185Source | 1,023,533,083Source | 873,846,322Source |
| Liabilities and EquityUSD | 1,871,692,717Source | 1,778,660,280Source | 1,837,650,165Source | 1,708,913,529Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 168,826,618Source | 107,884,142Source | 101,812,635Source | 94,596,544Source |
| Operating Lease, Liability, CurrentUSD | 46,661,757Source | 34,808,203Source | 32,491,122Source | 23,407,555Source |
| Accounts Payable, CurrentUSD | 7,990,868Source | 11,549,950Source | 10,185,962Source | 10,807,376Source |
| Operating Lease, Liability, NoncurrentUSD | 102,061,784Source | 124,419,545Source | 159,226,326Source | 134,782,483Source |
| Other Liabilities, NoncurrentUSD | 1,577,746Source | 1,476,439Source | 1,528,906Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 11,327,406Source | 5,387,465Source | 3,948,420Source | 5,637,725Source |
| Dividends Payable, CurrentUSD | 700,366Source | 915,150Source | 1,149,665Source | 1,255,861Source |
| Dividends PayableUSD | — | — | — | 1,255,861Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 100,164,502Source | 54,504,778Source | 53,543,315Source | 53,110,676Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 460,230,191Source | 498,773,969Source | 551,549,215Source | 604,256,670Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 193,665,933Source | 90,170,480Source | 307,446,913Source | 172,443,930Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 71,743,685Source | 69,599,087Source | 68,665,907Source | 63,396,131Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 11,028,854Source | 10,423,520Source | 8,334,838Source | 4,280,387Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 7,500,481Source | 1,072,377Source | 926,439Source | 2,429,196Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | 376,044Source |
| Increase (Decrease) in Accounts PayableUSD | -1,070,501Source | -35,347Source | -1,266,860Source | 591,835Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 210,143,612Source | 173,013,491Source | 388,446,808Source | 224,059,836Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -93,843,962Source | -7,362,396Source | -34,801,539Source | -76,341,190Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | 68,781,071Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 7,012,220Source | 6,266,718Source | 3,940,401Source | 1,669,902Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -105,900,182Source | -131,288,727Source | -219,719,362Source | -235,232,008Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 54,504,778Source | 53,033,315Source | 53,110,676Source | 352,458,012Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 10,535,343Source | 34,369,843Source | 133,710,119Source | -87,963,264Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 327,488,955Source | 316,953,612Source | 282,583,769Source | 148,873,650Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 26,998,877Source | 32,808,467Source | 37,886,561Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 135,875Source | 7,475Source | -215,788Source | -449,902Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 11,000,000Source | — | — | — |
| Amortization of Debt Issuance CostsUSD | 1,144,442Source | 1,219,532Source | 1,243,360Source | 5,600,493Source |
| Dividends Payable, CurrentUSD | 700,366Source | 915,150Source | 1,149,665Source | 1,255,861Source |
| Dividends PayableUSD | — | — | — | 1,255,861Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 120,516Source | 18,153Source | -285,277Source | -921,289Source |
| Gain (Loss) on Sale of DerivativesUSD | 1,759,508Source | 5,311,992Source | 7,493,246Source | — |
| General and Administrative ExpenseUSD | 53,024,971Source | 42,626,351Source | 39,004,183Source | 32,086,382Source |
| Investment Income, InterestUSD | — | — | — | 3,808,809Source |
| Marketable Securities, Unrealized Gain (Loss)USD | — | — | — | 1,443,683Source |
| Net Income (Loss) Attributable to ParentUSD | 193,665,933Source | 90,170,480Source | 307,446,913Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 307,446,913Source | 172,443,930Source |
| Nonoperating Income (Expense)USD | -16,509,576Source | -22,474,352Source | -21,383,322Source | -25,916,538Source |
| Operating Lease, ExpenseUSD | — | — | — | 569,804Source |
| Operating Lease, Lease IncomeUSD | — | — | — | 38,600,000Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 1,540,853Source |
| Payments of Financing CostsUSD | 2,276,557Source | — | 407,500Source | 6,506,267Source |
| Proceeds from Issuance of Common StockUSD | — | 89,000,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 62,900,531Source | — | — | 346,000,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | 11,800,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | -1,160,068Source | -5,786,717Source | 5,665Source | 2,766,065Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | — | 389,749,215Source |
| Operating Income (Loss)USD | 210,175,509Source | 112,644,832Source | 328,830,235Source | 198,360,468Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 1,540,853Source |
| Net Income (Loss) Attributable to ParentUSD | 193,665,933Source | 90,170,480Source | 307,446,913Source | — |
| Earnings Per Share, BasicUSD per share | 4.55Source | 2.14Source | 7.63Source | 4.31Source |
| Earnings Per Share, DilutedUSD per share | 4.54Source | 2.14Source | 7.6Source | 4.29Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 42,518,779Source | 42,134,482Source | 40,275,350Source | 40,026,313Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 42,613,805Source | 42,232,353Source | 40,450,567Source | 40,211,642Source |
| Additional Financial Items | ||||
| Cost of Property Repairs and MaintenanceUSD | 6,373,948Source | 7,558,719Source | 6,769,114Source | 4,743,513Source |
| Costs and ExpensesUSD | 274,032,949Source | 243,278,770Source | 234,479,492Source | 193,790,448Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 71,743,685Source | 69,599,593Source | 68,666,053Source | 63,396,131Source |
| General and Administrative ExpenseUSD | 53,024,971Source | 42,626,351Source | 39,004,183Source | 32,086,382Source |
| Interest Expense, DebtUSD | 29,249,142Source | 33,633,357Source | 38,008,159Source | 31,398,739Source |
| Interest Income (Expense), Nonoperating, NetUSD | 11,143,856Source | 15,219,621Source | 9,488,328Source | — |
| Investment Income, InterestUSD | — | — | — | 3,808,809Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 307,446,913Source | 172,443,930Source |
| Nonoperating Income (Expense)USD | -16,509,576Source | -22,474,352Source | -21,383,322Source | -25,916,538Source |
| Operating Lease, ExpenseUSD | — | — | — | 569,804Source |
| Operating Lease, Lease IncomeUSD | — | — | — | 38,600,000Source |
| Other Cost and Expense, OperatingUSD | 7,573,371Source | 6,791,253Source | 4,696,187Source | 3,063,622Source |
| Revenue Not from Contract with Customer, OtherUSD | 6,622,400Source | 3,670,814Source | 1,886,295Source | — |
Filing attachments
lpg-20260902xex99d1.htm · 8-K · 2026-09-04
EX-99.1 2 lpg-20260902xex99d1.htm EX-99.1 Exhibit 99.1 Dorian LPG Ltd. Announces VLGC Newbuilding Contracts, Forward Chartering Estimates, and New Credit Facility STAMFORD, Conn., September 4, 2026 - Dorian LPG Ltd. (NYSE: LPG) (“Dorian” or the “Company”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today announced that it entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in June, September, and December…
Read attachment ↗lpg-20260805xex99d1.htm · 8-K · 2026-08-05
EX-99.1 2 lpg-20260805xex99d1.htm EX-99.1 Exhibit 99.1 Dorian LPG Ltd. Announces First Quarter Fiscal Year 2027 Financial Results Stamford, CT - August 5, 2026 - Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months ended June 30, 2026. Key Recent Developments Declared an irregular cash dividend totaling approximately $42.8 mill…
Read attachment ↗lpg-20260716xex99d1.htm · 8-K · 2026-07-16
EX-99.1 2 lpg-20260716xex99d1.htm EX-99.1 Exhibit 99.1 Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share and Completion of the Sale of Corsair STAMFORD, Conn., July 16, 2026 -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning approximatel…
Read attachment ↗lpg-20260623xex99d1.htm · 8-K · 2026-06-23
EX-99.1 2 lpg-20260623xex99d1.htm EX-99.1 Exhibit 99.1 Dorian LPG Ltd. Announces VLGC Newbuilding Contract, Forward Chartering Estimates and Memorandums of Agreement to Sell Three VLGCs STAMFORD, Conn., June 23, 2026 - Dorian LPG Ltd. (NYSE: LPG) (“Dorian”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today announced that it entered into an agreement with HD Hyundai to build one 90,000 cbm VLGC for delivery in July 2029 for a price of approximately $115 millio…
Read attachment ↗lpg-20260520xex99d1.htm · 8-K · 2026-05-20
EX-99.1 2 lpg-20260520xex99d1.htm EX-99.1 Exhibit 99.1 Dorian LPG Ltd. Announces Fourth Quarter and Fiscal Year 2026 Financial Results STAMFORD, Conn., May 20, 2026 - Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months and fiscal year ended March 31, 2026. Key Recent Developments Declared an irregular cash dividend of $1.00 per shar…
Read attachment ↗lpg-20260507xex99d1.htm · 8-K · 2026-05-07
EX-99.1 2 lpg-20260507xex99d1.htm EX-99.1 Exhibit 99.1 Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share STAMFORD, Conn., May 7, 2026 -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning approximately $42.8 million of capital to shareholde…
Read attachment ↗