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Dorian LPG (LPG)
NYSE:LPG
Earnings Data
Report Date
May 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.46Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a solid operational and financial picture: strong chartering results (TCEs near $50k/day), healthy adjusted EBITDA ($74.2M), rising free cash and continued shareholder returns, combined with fleet efficiency gains (AER ~10% better than IMO target) and completion of major docking programs. Offsetting these positives were notable market headwinds and volatility (Saudi CP adjustment, China port fees), temporary lower scrubber economics due to bunker price dynamics, near-term fleet supply additions (~36 VLGCs in 2026) and some opportunity cost from prior time-charter fixes. Management emphasized liquidity and low leverage, and signaled financing for a $62M newbuilding payment, while deferring detailed forward booking guidance given market volatility. Overall, the positives (strong earnings, cash, fleet efficiency and shareholder returns) outweigh the lowlights, though rate volatility and supply dynamics warrant monitoring.Company Guidance
Strong Chartering Performance (TCE)
Reported TCE per available day of $50,333 for the quarter; Helios Pool spot and COA TCE of $50,500 per day. Spot exposure in the Helios Pool was approximately 90% for the 29 vessels, providing high upside to spot rate improvements.
Robust Adjusted EBITDA and Cash Position
Adjusted EBITDA of $74.2 million for the quarter. Free cash of $294.5 million at quarter end, up about $25 million (≈9%) from the prior quarter despite paying a dividend and a new-building installment.
Shareholder Returns and Capital Returned Since IPO
Declared an irregular dividend of $0.70 per share (~$29.9 million) — the 18th dividend payment. Total dividends distributed exceed $725 million and total cash returned to shareholders since IPO is approximately $961 million.
Fleet Efficiency and Emissions Performance
Average fleet AER for 2025 was 6.24%, which is 10.4% better than the IMO 2025 target of 6.96%. Company operates 16 scrubber-fitted vessels and 5 dual-fuel LPG vessels, and has fitted energy-saving devices and silicone paint across much of the fleet.
Meaningful Fuel and Operating Savings
Scrubber-related vessel savings for the quarter amounted to $1,116,000 (about $933 per calendar day, net of scrubber operating expenses). Energy-saving devices and silicone paints typically provide ~5% fuel consumption improvement with paybacks generally within ~1 year.
Low Leverage and Liquidity Flexibility
Debt balance of $516 million with debt-to-total book capitalization at 32.2% and net debt-to-total cap at 13.8%. Company has an undrawn $50 million revolver, a $100 million accordion feature, one debt-free vessel and a heavily hedged/locked-in debt cost of ~5%.
Record Seaborne LPG Trade and Strong US Exports
Market backdrop: global seaborne LPG trade reached a new quarterly record (reported as more than 37 million tons) with North American exports over 18.5 million tons. Separately, management noted global liftings up ~3% year-over-year (36.8 million tons) in the prior period.
Operational Progress — Dry Docking and Newbuilding Delivery
Completed 12 dry dockings over the past year and three in the quarter; one dry docking remaining to complete the docking cycle for 2014–2016 vessels. Expected delivery in March of a 93,000-cbm ammonia-capable VLAC/VLGC newbuilding (LPG dual-fuel, hybrid scrubber) — approximately $62 million cash at closing, with financing planned.
LPG Earnings History
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 |
|---|---|---|---|
Feb 05, 2026 | $29.08 | $29.41 | +1.15% |
Nov 06, 2025 | $28.23 | $25.93 | -8.12% |
Aug 01, 2025 | $26.94 | $25.34 | -5.94% |
May 22, 2025 | $21.20 | $18.90 | -10.86% |
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 May 21, 2026, Before Open (Confirmed).
What is Dorian LPG (LPG) earnings time?
Dorian LPG (LPG) earnings time is at May 21, 2026, 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 (Q4) is 1.46.