Dorian LPG Q3 revenue slightly beats expectations

Dorian LPG

05/02/2026 11:12

Overview

Gas carrier operator's Q3 revenue slightly beat analyst expectations

Adjusted EPS for Q3 shows significant yr/yr growth

Company declared irregular dividend totaling $29.9 mln

Outlook

Dorian LPG expects strong demand and freight rates to continue into the current quarter

Company anticipates delivery of a new dual fuel VLGC in March

Dorian LPG sees geopolitical factors affecting LPG and broader oil markets

Result Drivers

HIGHER TCE RATES - Revenue increase driven by higher TCE rates and more available days, contributing to a 48.7% rise in revenue

DECREASED OPERATING EXPENSES - Vessel operating expenses per vessel per calendar day decreased, contributing to improved net income

STRONG DEMAND - Strong demand and freight rates in the VLGC market supported revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$120 mln
$118.88 mln (5 Analysts)
Q3 EPS
$1.11
Q3 Net Income
$47.20 mln
Q3 Adjusted EBITDA
$74.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 no "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 $35.40, about 19.1% above its February 4 closing price of $29.72

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBwJ6cS4a

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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.)