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Dorian LPG Ltd. logo

Dorian LPG Ltd.

LPG

NYSEEnergyOil & Gas Midstream

Open in GoAI

Previous close

$51.13

+$1.48 · +2.98%

Aug 21, 4:00 PM ET

Pre-market

$51.21

+$0.08 · +0.16%

Aug 24, 6:16 AM ET

LPG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

96

Deep Value

Momentum

59

Neutral

Sentiment

53

Mixed

Risk resilience

56

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Dorian LPG Ltd., alongside its affiliates, operates worldwide in the shipping industry, specializing in the transportation of liquefied petroleum gas (LPG) with its fleet of dedicated vessels. The company's core business involves the ownership and management of Very Large Gas Carriers (VLGCs). As of May 27, 2022, its operational fleet consisted of twenty-two VLGCs. Established in 2013, Dorian LPG maintains its corporate headquarters in Stamford, Connecticut.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
US
CEO
John C. Hadjipateras
Listed since
May 8, 2014
Employees
602

Market position

Day range

Current $51.13

52-week range

Current $51.13

Open
$50.465
Previous close
$49.65
Volume
810K
1.25× average
Average volume
649.8K
Average daily volume
Market cap
2.19B USD
Beta
0.76
Market reference 1
50-day average
$42.7076
+19.72% above average
200-day average
$35.0223
+45.99% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.84B USD
P/E (TTM)
6.76×
P/B (TTM)
1.76×
P/S (TTM)
3.76×
EV / EBITDA
6.24×
Earnings yield
13.29%
Free cash flow yield
7.98%
Dividend yield
7.73%

Profitability & efficiency

Gross margin
63.35%
Operating margin
57.73%
Net margin
55.33%
Return on equity
17.00%
Return on assets
10.35%
Return on invested capital
11.21%

Financial health

Debt / equity
0.52×
Current ratio
2.67×
Altman Z-score
3.57
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends69%53%37%22%Gross margin, FY2022: 41.21%Gross margin, FY2023: 58.51%Gross margin, FY2024: 65.14%Gross margin, FY2025: 43.21%Gross margin, FY2026: 54.10%Operating margin, FY2022: 33.70%Operating margin, FY2023: 50.89%Operating margin, FY2024: 58.64%Operating margin, FY2025: 31.88%Operating margin, FY2026: 43.09%Net margin, FY2022: 26.23%Net margin, FY2023: 44.24%Net margin, FY2024: 54.83%Net margin, FY2025: 25.52%Net margin, FY2026: 40.22%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 41.21%. Gross margin FY2023 58.51%. Gross margin FY2024 65.14%. Gross margin FY2025 43.21%. Gross margin FY2026 54.10%. Operating margin FY2022 33.70%. Operating margin FY2023 50.89%. Operating margin FY2024 58.64%. Operating margin FY2025 31.88%. Operating margin FY2026 43.09%. Net margin FY2022 26.23%. Net margin FY2023 44.24%. Net margin FY2024 54.83%. Net margin FY2025 25.52%. Net margin FY2026 40.22%.

Income trends

Revenue

481.51M USD+36.27%

Operating income

207.48M USD+84.19%

Net income

193.67M USD+114.78%
Income trends across reported periods609.6M USD414.08M USD218.57M USD23.06M USDRevenue, FY2022: 274.22M USDRevenue, FY2023: 389.75M USDRevenue, FY2024: 560.72M USDRevenue, FY2025: 353.34M USDRevenue, FY2026: 481.51M USDOperating income, FY2022: 92.4M USDOperating income, FY2023: 198.36M USDOperating income, FY2024: 328.83M USDOperating income, FY2025: 112.64M USDOperating income, FY2026: 207.48M USDNet income, FY2022: 71.94M USDNet income, FY2023: 172.44M USDNet income, FY2024: 307.45M USDNet income, FY2025: 90.17M USDNet income, FY2026: 193.67M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 274.22M USD. Revenue FY2023 389.75M USD. Revenue FY2024 560.72M USD. Revenue FY2025 353.34M USD. Revenue FY2026 481.51M USD. Operating income FY2022 92.4M USD. Operating income FY2023 198.36M USD. Operating income FY2024 328.83M USD. Operating income FY2025 112.64M USD. Operating income FY2026 207.48M USD. Net income FY2022 71.94M USD. Net income FY2023 172.44M USD. Net income FY2024 307.45M USD. Net income FY2025 90.17M USD. Net income FY2026 193.67M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue481.51M USD353.34M USD560.72M USD389.75M USD274.22M USD
Cost of goods sold221.01M USD200.65M USD195.48M USD161.7M USD161.23M USD
Gross profit260.5M USD152.69M USD365.24M USD228.05M USD112.99M USD
Selling, general, and administrative53.02M USD42.63M USD39M USD32.09M USD30.23M USD
Operating expenses53.02M USD40.04M USD36.41M USD29.68M USD20.6M USD
Interest income11.14M USD15.22M USD9.49M USD3.81M USD347.08K USD
Interest expense29.25M USD35.81M USD40.48M USD37.8M USD27.07M USD
Depreciation and amortization71.74M USD69.6M USD68.67M USD63.4M USD66.43M USD
Operating income207.48M USD112.64M USD328.83M USD198.36M USD92.4M USD
Net income193.67M USD90.17M USD307.45M USD172.44M USD71.94M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-6.97%
11 comparable reports
Latest EPS result
2.52
Estimate 2.12 · Beat by 18.87%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.912.011.110.21Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 0.43, estimate 0.82, surprise -47.56%, Miss. Q2 2025, reported May 22, 2025: actual 0.25, estimate 0.75, surprise -66.67%, Miss. Q3 2025, reported Aug 1, 2025: actual 0.27, estimate 0.61, surprise -55.74%, Miss. Q4 2025, reported Nov 6, 2025: actual 1.31, estimate 1.45, surprise -9.66%, Miss. Q1 2026, reported Feb 5, 2026: actual 1.11, estimate 1.15, surprise -3.48%, Miss. Q2 2026, reported May 20, 2026: actual 1.89, estimate 1.41, surprise +34.04%, Beat. Q3 2026, reported Aug 5, 2026: actual 2.52, estimate 2.12, surprise +18.87%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 2.71, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates196.84M153.54M110.23M66.93MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 80.67M USD, estimate 81.03M USD, surprise -0.45%, Miss. Q2 2025, reported May 22, 2025: actual 75.89M USD, estimate 84M USD, surprise -9.66%, Miss. Q3 2025, reported Aug 1, 2025: actual 84.21M USD, estimate 120.72M USD, surprise -30.24%, Miss. Q4 2025, reported Nov 6, 2025: actual 120.63M USD, estimate 120.91M USD, surprise -0.23%, Miss. Q1 2026, reported Feb 5, 2026: actual 119.96M USD, estimate 116.35M USD, surprise +3.11%, Beat. Q2 2026, reported May 20, 2026: actual 153.27M USD, estimate 128.87M USD, surprise +18.94%, Beat. Q3 2026, reported Aug 5, 2026: actual 187.88M USD, estimate 160.78M USD, surprise +16.86%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 185.1M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$55.00

7.57% upside
Past 12 months12-month forecastHigh $55.00Average $55.00Low $55.00

Rating distribution

9 ratings
Strong buy00%
Buy444%
Hold556%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions
DNB MarketsdowngradeBuyHold

LPG news

globenewswire.com

Fusion Fuel Announces Approximately $1.4 Million in New LPG Engineering Subcontracts Signed in Dubai, UAE, with Potential Annual Utility Revenue of Up to $1.0 Million

Projects Expected to Support More Than 3,450 Residential Units Supply Agreement with Abu Dhabi-based Hospitality Group Represents Additional Potential Revenue Opportunity of $817,000 to $1.09 Million Dublin, Ireland,…

Read source
defenseworld.net

California State Teachers Retirement System Increases Stake in Dorian LPG Ltd. $LPG

California State Teachers Retirement System raised its stake in Dorian LPG Ltd. (NYSE: LPG) by 36.2% in the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 51,933 shares of the…

Read source
reuters.com

Indian retailers' losses on domestic LPG sales narrow in August

India's state fuel retailers' revenue loss on the sale of ​liquefied petroleum gas (LPG), mainly used as ‌cooking fuel, has narrowed to 188 rupees ($1.97) per 14.2-kilogram cylinder in August, junior oil minister ​Suresh…

Read source
marketbeat.com

Dorian LPG Q1 Earnings Call Highlights

Dorian LPG NYSE: LPG reported record quarterly chartering performance for its fiscal first quarter of 2027, as disruptions to Middle East LPG supply and congestion at the Panama Canal supported elevated freight rates and…

Read source
seekingalpha.com

Dorian LPG Ltd. (LPG) Q1 2027 Earnings Call Transcript

Dorian LPG Ltd. (LPG) Q1 2027 Earnings Call Transcript

Read source
businesswire.com

Dorian LPG Ltd. Announces First Quarter Fiscal Year 2027 Financial Results

STAMFORD, Conn.--(BUSINESS WIRE)--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…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.45

2025 complete year-55.5% since 2022

2026 partial: $2.70

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 27, 2026

$1.00

Quarterly

Record Jul 27, 2026 · Payment Aug 12, 2026

Dividend

Ex-dividend May 18, 2026

$1.00

Special

Record May 18, 2026 · Payment May 28, 2026

Dividend

Ex-dividend Feb 9, 2026

$0.70

Special

Record Feb 9, 2026 · Payment Feb 24, 2026

Dividend

Ex-dividend Nov 17, 2025

$0.65

Special

Record Nov 17, 2025 · Payment Dec 2, 2025

Dividend

Ex-dividend Aug 12, 2025

$0.60

Special

Record Aug 12, 2025 · Payment Aug 27, 2025

Dividend

Ex-dividend May 16, 2025

$0.50

Special

Record May 16, 2025 · Payment May 30, 2025

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ETFs holding LPG

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
108.11M
Weight
0.10%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
74.12M
Weight
0.24%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
48.22M
Weight
0.06%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
20.12M
Weight
0.02%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
17.1M
Weight
0.10%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
15.89M
Weight
0.11%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
iShares S&P Small-Cap 600 Value ETF logoiShares S&P Small-Cap 600 Value ETFIJS
Market value
15.83M
Weight
0.19%
AUM
8.33B USD
Expense ratio
0.18%
Price / 1D
$138.43+0.67%
Vanguard Energy ETF logoVanguard Energy ETFVDE
Market value
14.84M
Weight
0.12%
AUM
12.4B USD
Expense ratio
0.09%
Price / 1D
$179.58-0.08%

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