The earnings call reflected a strong financial and operational performance with significant capital returns and strategic advancements in fleet capabilities. However, challenges such as dry docking impacts and geopolitical volatility were noted.

Company Guidance

During the Dorian LPG First Quarter 2026 Earnings Conference Call, the company provided guidance on various financial and operational metrics. The call highlighted a dividend of $0.60 per share, totaling $25.6 million, reflecting a commitment to shareholder returns. This dividend marks the 16th payment, with over $665 million distributed and more than $900 million returned to shareholders in total. The Time Charter Equivalent (TCE) per available day was reported at $39,726, while spot rates in the Helios Pool were $37,700, demonstrating robust market conditions. The forward bookings for the quarter ending September 30, 2025, indicate a TCE exceeding $67,000 per day. Operating expenses for the quarter were $10,108 per day, with noncapitalized drydocking expenses at $2.6 million. Adjusted EBITDA was reported at $38.6 million, which would have been $49.5 million if adjusted further for bonuses and drydocking expenses. Additionally, the company maintains a comfortable financial position with $278 million in free cash and a debt-to-total book capitalization of 34.4%. Operationally, the company completed 10 of its 12 planned dry dockings for 2025 and is advancing efforts to convert some vessels to carry ammonia, enhancing fleet versatility.

Dividend Payment and Capital Return

Dorian LPG announced a dividend of $0.60 per share, totaling $25.6 million, marking the 16th dividend payment and bringing total dividends to over $665 million. Over $900 million in total capital has been returned to shareholders.

Strong Freight Rates and Market Resilience

Freight rates strengthened in the second quarter, supported by healthy arbitrage economics and geopolitical tensions. Forward bookings for the quarter ending September 30, 2025, reflect a strong increase in rates since late May into June, with a TCE in excess of $67,000 per day.

Operational Milestones and Ammonia Conversion

Dorian LPG completed 10 of their 12 planned dry dockings for 2025 and is converting VLGCs to facilitate the carriage of ammonia, enhancing fleet commercial optionality.

Solid Financial Position

Reported adjusted EBITDA for the quarter was $38.6 million. Cash flow remained healthy with $278 million of free cash reported as of June 30, 2025.

Environmental and Operational Efficiency

The fleet's Annual Efficiency Ratio (AER) was 8.5% better than the IMO 2025 target, with continuous improvements expected.

Dorian LPG (LPG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LPG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q2)	1.37 / -	0.35	―	―	―
Aug 01, 2025	2026 (Q1)	0.60 / 0.27	1.26	-78.57% (-0.99)
May 22, 2025	2025 (Q4)	0.39 / 0.25	1.91	-86.91% (-1.66)
Jan 31, 2025	2025 (Q3)	0.65 / 0.43	2.62	-83.59% (-2.19)
Oct 31, 2024	2025 (Q2)	0.49 / 0.35	1.85	-81.08% (-1.50)
Aug 01, 2024	2025 (Q1)	1.03 / 1.26	1.21	4.13% (+0.05)
May 22, 2024	2024 (Q4)	2.00 / 1.91	1.94	-1.55% (-0.03)
Feb 01, 2024	2024 (Q3)	2.33 / 2.62	1.29	103.10% (+1.33)
Nov 02, 2023	2024 (Q2)	1.41 / 1.85	0.43	330.23% (+1.42)
Aug 02, 2023	2024 (Q1)	1.62 / 1.21	0.56	116.07% (+0.65)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LPG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$28.22	$26.54	-5.95%
May 22, 2025	$22.21	$19.80	-10.85%
Jan 31, 2025	$23.66	$22.42	-5.24%
Oct 31, 2024	$26.63	$25.98	-2.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Dorian LPG (LPG) report earnings?

Dorian LPG (LPG) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Dorian LPG (LPG) earnings time?

Dorian LPG (LPG) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LPG EPS forecast?

LPG EPS forecast for the fiscal quarter 2026 (Q2) is 1.37.

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