Dorian LPG Q2 revenue beats estimates, declares dividend

Dorian LPG

06/11/2025 11:14

Overview

Dorian LPG fiscal Q2 revenue grows 50.5%, beating analyst expectations

Net income for fiscal Q2 rises to $55.4 mln, adjusted EBITDA at $85.7 mln

Company declares irregular cash dividend of $0.65 per share, totaling $27.8 mln

Outlook

Company notes geopolitical factors continue to influence LPG market conditions

Dorian LPG highlights confidence in LPG market fundamentals

Company sees increased LPG exports from Middle East and U.S.

Result Drivers

HIGHER TCE RATES - Revenue growth driven by a 45.2% increase in TCE rates to $53,725 per available day, attributed to higher spot rates and lower bunker prices

REDUCED EXPENSES - Decrease in general and administrative expenses by $4.5 mln due to lower cash bonuses and stock-based compensation

FREIGHT MARKET IMPROVEMENT - Improved freight market conditions supported by record LPG exports from the U.S. and Middle East

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$124.10 mln
$114.60 mln (3 Analysts)
Q2 EPS
$1.30
Q2 Net Income
$55.40 mln
Q2 Adjusted EBITDA
$85.70 mln
Q2 Dividend
$0.65


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Dorian LPG Ltd is $35.00, about 15.5% above its November 5 closing price of $29.57

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw9W9ytka

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)