Earnings ·
Dorian LPG Ltd. reported first quarter fiscal year 2027 financial results for the period ended June 30, 2026
LPGDorian Lpg Ltd.
Dorian LPG Ltd. reported first quarter fiscal year 2027 financial results for the period ended June 30, 2026. The company generated revenues of $187.9 million and net income of $138.3 million, or $3.24 per diluted share, compared to $10.1 million in the prior year period. Time charter equivalent rates rose 91.1% to $75,926 per available day. The company declared an irregular cash dividend of $1.00 per share, totaling approximately $42.8 million, payable on or about August 12, 2026 to shareholders of record as of July 27, 2026. Dorian LPG also completed the sales of VLGCs Corsair and Constellation for net proceeds of $80.8 million and $85.6 million respectively, and ordered a new dual-fuel Panamax VLGC from HD Hyundai Heavy Industries. The company operates in the maritime shipping industry, specifically owning and operating very large gas carriers.