Dorian LPG Earnings Reports

Dorian LPG experienced a sharp year-over-year drop in revenue and net income during Q4 2025, impacted by a 44% decline in TCE rates. Despite the downturn, the company maintained profitability and continued its focus on shareholder returns through dividends.

For the third quarter of fiscal year 2025, Dorian LPG reported revenues of $80.7 million and a net income of $21.4 million, or $0.50 earnings per diluted share. The company's performance reflected an improving market environment, with a focus on increasing export capacity in the United States and a modest orderbook contributing to a positive market outlook.

Dorian LPG reported a net income of $9.4 million and revenues of $82.4 million for the second quarter of fiscal year 2025. The results reflect a decrease compared to the previous year, primarily due to lower TCE rates and increased operating expenses.

Dorian LPG reported a net income of $51.3 million, or $1.25 per diluted share, and revenues of $114.4 million for the first quarter of fiscal year 2025. The company benefited from strong LPG demand and a successful equity offering, positioning it for future growth and fleet renewal.

Dorian LPG reported revenues of $141.4 million and net income of $79.2 million for the fourth quarter ended March 31, 2024. The TCE rate for the fleet was $72,202. The company declared an irregular dividend of $40.6 million.

Dorian LPG Ltd. announced its financial results for the third quarter of fiscal year 2024, reporting revenues of $163.1 million and a net income of $100.0 million, or $2.47 earnings per diluted share. The company also declared an irregular cash dividend totaling $40.6 million. The TCE rate per operating day for the fleet was $76,337.

Dorian LPG reported a strong second quarter for fiscal year 2024, with revenues reaching $144.7 million and net income at $76.5 million, or $1.89 per diluted share. The company's performance was driven by higher TCE rates and fleet utilization, leading to a significant increase in profitability. Adjusted EBITDA reached $104.6 million, and the company declared an irregular cash dividend of $40.6 million.

Dorian LPG reported a strong first quarter for fiscal year 2024, with revenues of $111.6 million and net income of $51.7 million. The company benefited from a firm market and disciplined capital allocation.

Dorian LPG Ltd. reported revenues of $133.6 million and a net income of $76.0 million for the fourth quarter ended March 31, 2023. The company's TCE rate for the fleet was $68,135. They also declared and paid an irregular dividend totaling $40.4 million.

Dorian LPG reported a net income of $51.3 million, or $1.27 per diluted share, and revenues of $103.3 million for the three months ended December 31, 2022. The company's strong performance was driven by high TCE rates, leading to increased cash generation and the declaration of a $1.00 per share dividend.

Dorian LPG reported revenues of $76.0 million and net income of $20.3 million for the second quarter of fiscal year 2023. The company's TCE rate increased by 31.1% year-over-year to $40,632. The company declared an irregular cash dividend totaling $40.4 million and extended time charters for two vessels.

Dorian LPG reported a strong first quarter for fiscal year 2023, with revenues of $76.8 million and net income of $24.8 million, or $0.62 per diluted share. The company also declared an irregular cash dividend of $1.00 per share.

Dorian LPG Ltd. reported a decrease in revenues and net income for the three months ended March 31, 2022, compared to the same period in the prior year. Revenues decreased by 20.1% to $79.6 million, and net income decreased to $35.4 million, or $0.88 per share. The company declared and paid an irregular dividend totaling $40.1 million and completed the refinancing of several vessels, resulting in net cash proceeds of over $115 million.

Dorian LPG Ltd. reported a decrease in revenues and net income for the three months ended December 31, 2021, compared to the same period in 2020. However, the company completed the refinancing of Constellation and Commander, repurchased Captain John NP, declared a cash dividend, repurchased Captain Nicholas ML, and authorized a $100 million stock repurchase program.

Dorian LPG reported revenues of $63.1 million and net income of $14.1 million for the quarter ended September 30, 2021. The company's TCE rate increased to $30,996, and it completed the sale of the Captain Markos NL, generating $43.4 million in proceeds.

Dorian LPG Ltd. reported a decrease in revenue and net income for Q1 2022 compared to Q1 2021. Revenues decreased by 14.0% to $63.0 million, and net income decreased to $5.9 million, or $0.14 per diluted share. The company declared a cash dividend of $1.00 per share.

Dorian LPG reported revenues of $99.6 million and net income of $44.0 million, or $0.93 earnings per diluted share, for the three months ended March 31, 2021. The company's adjusted net income was $40.8 million, or $0.86 adjusted diluted earnings per share. They also repurchased 8.4 million shares during the quarter.

Dorian LPG reported revenues of $88.5 million and a net income of $35.8 million, or $0.71 earnings per diluted share, for the three months ended December 31, 2020. The company also announced a tender offer to purchase up to 7.4 million of its common shares at a price of $13.50 per share.

Dorian LPG reported revenues of $54.7 million and a net income of $0.5 million for the quarter ended September 30, 2020. The results reflect a decrease in revenues and an increase in vessel operating expenses compared to the same period in the prior year.

Dorian LPG reported a strong first quarter for fiscal year 2021, with revenues of $73.2 million and net income of $12.2 million, or $0.24 per diluted share. The company benefited from increased TCE rates and strategic financial maneuvers, including refinancing debt and a sale-leaseback arrangement.

Dorian LPG Ltd. announced its financial results for the three months and fiscal year ended March 31, 2020, with revenues of $95.2 million and a net income of $29.4 million, or $0.56 earnings per diluted share.

Dorian LPG Ltd. reported a strong financial performance for the three months ended December 31, 2019. Revenues increased to $85.4 million, and net income reached $35.6 million, or $0.66 earnings per diluted share. The company's adjusted EBITDA more than doubled compared to the same period last year, reaching $59.9 million.