DORIAN LPG LTD.

Listed Company

LPGCIK 0001596993NYSELarge AcceleratedDeep Sea Foreign Transportation Of Freight1TFY ends Mar 31

Period

FY 2026

Revenue

$481.51M

Net Income

$193.67M

Total Assets

$1.87B

Equity

$1.14B

Shares Out

42.78M

Op. Cash Flow

$210.14M

LPG$41.04+42.95% · past yearDBEQ Basic

Daily closing prices

Business

Dorian LPG Ltd. owns and operates very large gas carriers (VLGCs) for the international transportation of liquefied petroleum gas. The company operates a fleet of 27 VLGCs with aggregate capacity of approximately 2.3 million cubic meters, including purpose-built ammonia carriers and fuel-efficient ECO-design vessels. Dorian participates in the Helios Pool, a 50-50 joint venture with MOL Energia that pools vessel revenues and provides commercial management services. The company serves major energy companies, commodity traders, and LPG importers through spot voyages, time charters, and contracts of affreightment across global trade routes.

Summary from 10-K filed 2026-05-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net pool revenues - related party	475	341	533	365	246
Time charter revenues	—	8	26	23	22
Other revenues, net	7	4	2	2	6
Total revenues	482	353	561	390	274
Voyage expenses	5	4	3	4	4
Charter hire expenses	61	41	44	23	16
Profit sharing expenses	2	—	—	—	—
Vessel operating expenses	81	85	80	72	74
Depreciation and amortization	72	70	69	63	66
General and administrative expenses	53	43	39	32	30
Total expenses	274	243	234	194	191
Other income - related parties	3	3	3	2	2
Operating income	210	113	329	198	92
Interest and finance costs	−29	−36	−40	−38	−27
Interest income	11	15	9	4	347,082
Unrealized gain/(loss) on derivatives	−1	−6	5,665	3	11
Realized gain on derivatives	2	5	7	4	−3
Other gain/(loss), net	996,270	−1	2	—	—
Total other expenses, net	−17	−22	−21	−26	−20
Net income	194	90	307	172	72
Basic	43	42	40	40	40
Diluted	43	42	40	40	40
Earnings per common share - basic	4.55	2.14	7.63	4.31	1.79
Earnings per common share - diluted	4.54	2.14	7.6	4.29	1.78

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2023 2023-02-28
Cash and cash equivalents	327	317	283	149	—
Trade receivables, net and accrued revenues	2	1	659,567	3	—
Due from related parties	97	48	52	73	—
Inventories	2	3	2	3	—
Prepaid expenses and other current assets	21	14	14	9	—
Total current assets	450	382	369	236	—
Vessels, net	1,216	1,150	1,209	1,264	—
Vessel under construction	—	37	24	—	—
Total fixed assets	1,216	1,187	1,232	1,264	—
Deferred charges, net	25	17	13	8	—
Derivative instruments	2	3	4	9	—
Due from related parties-non-current	26	26	25	21	—
Restricted cash-non-current	79,835	76,028	75,798	76,418	—
Operating lease right-of-use assets	149	159	192	158	—
Other non-current assets	3	3	3	469,227	—
Total assets	1,872	1,779	1,838	1,709	—
Trade accounts payable	8	12	10	11	—
Accrued expenses	11	5	4	6	—
Due to related parties	—	39,339	7,283	168,793	—
Deferred income	2	679,257	486,868	208,558	—
Current portion of long-term operating lease liabilities	47	35	32	23	—
Current portion of long-term debt	100	55	54	53	—
Dividends payable	700,366	915,150	1	1	300,000
Total current liabilities	169	108	102	95	—
Long-term debt-net of current portion and deferred financing fees	460	499	552	604	—
Long-term operating lease liabilities	102	124	159	135	—
Other long-term liabilities	2	1	2	1	—
Total long-term liabilities	564	625	712	740	—
Total liabilities	733	733	814	835	—
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding	—	—	—	—	—
Common stock, $0.01 par value, 450,000,000 shares authorized, 54,647,868 and 54,324,437 shares issued, 42,782,681 and 42,747,720 shares outstanding (net of treasury stock), as of March 31, 2026 and March 31, 2025, respectively	546,478	543,244	519,950	516,306	—
Additional paid-in-capital	879	868	773	764	—
Treasury stock, at cost; 11,865,187 and 11,576,717 shares as of March 31, 2026 and March 31, 2025, respectively	−140	−133	−127	−123	—
Retained earnings	400	311	377	232	—
Total shareholders' equity	1,139	1,046	1,024	874	—
Total liabilities and shareholders' equity	1,872	1,779	1,838	1,709	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net income	194	90	307	172	72
Depreciation and amortization	72	70	69	63	66
Non-cash lease expense	40	32	29	11	10
Amortization of financing costs	1	1	1	6	6
Stock-based compensation expense	11	10	8	4	3
Unrealized foreign currency (gain)/loss, net	−120,516	−18,153	285,277	921,289	166,873
Other non-cash items, net	−960,549	821,699	−3	−5	1
Trade receivables, inventories, prepaid expenses, and other current and non-current assets	−8	−1	−926,439	−3	−4
Due from related parties	−49	3	16	−16	897,936
Operating lease liabilities - current and long-term	−40	−32	−28	−9	−10
Trade accounts payable	−1	−35,347	−1	591,835	−115,287
Accrued expenses and other liabilities	7	1	−1	2	−5
Due to related parties	−39,339	32,056	−161,510	131,360	−80,370
Payments for drydocking costs	−17	−8	−8	−1	—
Net cash provided by operating activities	210	173	388	224	119
Payments for vessels under construction and other capital expenditures for vessels	−94	−19	−33	−69	—
Purchase of investment securities	—	−213,592	−6	—	−2
Proceeds from sale of investment securities	—	—	4	4	4
Proceeds from maturity of available-for-sale debt securities	—	12	—	—	—
Net cash used in investing activities	−94	−7	−35	−76	69
Proceeds from long-term debt borrowings	63	—	—	346	298
Repayment of long-term debt borrowings	−55	−53	−53	−352	−230
Repurchase of common stock	−7	−6	−4	−2	−21
Financing costs paid	−2	—	−407,500	−7	−2
Dividends paid	−105	−156	−162	−221	−80
Proceeds from common share issuances	—	89	—	—	—
Equity offering costs paid	—	−5	—	—	—
Net cash used in financing activities	−106	−131	−220	−235	−35
Effects of exchange rates on cash and cash equivalents	135,875	7,475	−215,788	−449,902	−172,832
Net increase in cash, cash equivalents, and restricted cash	11	34	134	−88	152
Cash paid for interest, net of amounts capitalized	27	33	38	31	21
Cash paid for operating lease liabilities	49	42	42	12	—
Right of use assets recognized	30	—	63	163	—
Unpaid lease liability upon initial recognition	30	—	62	162	—
Capitalized drydocking costs included in liabilities	484,224	3	1	234,290	—
Vessel-related capital expenditures included in liabilities	748,201	1	1	1	107,275
Unpaid dividends included in liabilities	700,366	915,150	1	1	—
Financing costs included in liabilities	811,292	663,600	663,600	663,600	—

Filings

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Frequently asked questions

What is DORIAN LPG LTD.'s CIK number?

DORIAN LPG LTD.'s SEC CIK number is 0001596993 (1596993). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find DORIAN LPG LTD.'s SEC filings?

All of DORIAN LPG LTD.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did DORIAN LPG LTD. last report earnings?

DORIAN LPG LTD. (LPG) most recently filed an earnings 8-K with the SEC on May 20, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001596993-26-000022). This is DORIAN LPG LTD.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is DORIAN LPG LTD.'s most recent earnings 8-K?

DORIAN LPG LTD.'s latest earnings 8-K (Item 2.02) was filed May 20, 2026 under accession 0001596993-26-000022. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View DORIAN LPG LTD.'s latest earnings 8-K →
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