Dorian LPG Reports Fiscal Year 2025 Earnings

Dorian LPG ( (LPG) ) has released its Q4 earnings. Here is a breakdown of the information Dorian LPG presented to its investors.

Dorian LPG Ltd. is a prominent player in the maritime transportation sector, specializing in the ownership and operation of Very Large Gas Carriers (VLGCs) for the global transport of liquefied petroleum gas (LPG). The company is known for its modern and eco-friendly fleet, which includes dual-fuel vessels, and operates from key locations in the USA, Denmark, and Greece.

In its latest earnings report, Dorian LPG announced financial results for the fourth quarter and fiscal year ending March 31, 2025. The company highlighted a declared irregular cash dividend of $0.50 per share and reported revenues of $75.9 million for the quarter. Despite a challenging geopolitical and economic environment, the company maintained a focus on shareholder returns and balance sheet strength.

Key financial metrics for the fiscal year included total revenues of $353.3 million, a net income of $90.2 million, and an adjusted EBITDA of $206.0 million. The company faced a significant decrease in revenues compared to the previous year, primarily due to lower spot rates and reduced time charter equivalent (TCE) rates. Operating expenses saw an increase, driven by higher vessel operating costs and general administrative expenses.

Looking ahead, Dorian LPG remains cautiously optimistic about the fundamentals of the LPG market, despite uncertainties in global trade and geopolitical tensions. The company plans to continue investing in fleet renewal and expansion opportunities while focusing on maintaining operational efficiency and shareholder value.