Dorian LPG FY27 Q1 net income more than doubled to $138.3 million; revenue rises 123.1% to $187.9 million

Reuters2026/08/05 10:02

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Dorian LPG posted net income of USD 138.3 million, or USD 3.24 per diluted share, for the quarter ended June 30, 2026.
Revenue more than doubled to USD 187.9 million, while the fleet’s TCE rate climbed 91.1% to USD 75,926 per available day.
Declared an irregular cash dividend of about USD 42.8 million, or USD 1 per share, payable on or about Aug. 12.
Sold the VLGC Cobra for USD 81.9 million net, booking a USD 30.1 million gain; later sold Corsair for USD 80.8 million net.
CEO John C. Hadjipateras cited geopolitical disruption and Strait of Hormuz closure as drivers of volatility and extraordinary freight rates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dorian LPG Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260805952027) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Dorian LPG FY27 Q1 net income more than doubled to $138.3 million; revenue rises 123.1% to $187.9 million

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