Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers reported its financial results for the three months ended December 31, 2025.
Key Recent Development
Declared an irregular dividend totaling approximately $29.9 million, or $0.70 per share, to be paid on or about on or about February 24, 2026 to all shareholders of record as of February 9, 2026.
Highlights for the Third Quarter Fiscal Year 2026
Revenues of $120.0 million.
Time Charter Equivalent (“TCE”) (1) rate per available day for our fleet of $50,333.
Net income of $47.2 million, or $1.11 earnings per diluted share (“EPS”), and adjusted net income (1) of $47.4 million, or $1.11 adjusted earnings per diluted share (“adjusted EPS”). (1)
Adjusted EBITDA (1) of $74.2 million.
Declared an irregular cash dividend totaling $27.8 million in November 2025, which was paid in December 2025.
- TCE, adjusted net income, adjusted EPS and adjusted EBITDA are non-U.S. GAAP measures. Refer to the reconciliation of revenues to TCE, net income to adjusted net income, EPS to adjusted EPS and net income to adjusted EBITDA included in this press release under the heading “Financial Information.”
John C. Hadjipateras, Chairman, President and Chief Executive Officer of the Company, commented, “Our seafaring and shoreside team delivered a strong operating performance in the quarter. We declared our 17th consecutive quarterly irregular dividend bringing total capital returned including buy backs, since our IPO, to over $960 million. Last quarter the VLGC market again reached a new export record. Demand, as well as freight rates have continued to be strong into the current quarter. We look forward to the delivery, in March, of a newbuilding dual fuel VLGC/AC.”