Dorian LPG Q4 revenue beats analyst estimates on spot rate gains

Dorian LPG

20/05/2026 11:10

Overview

U.S. VLGC operator's fiscal Q4 revenue rose sharply, beating analyst expectations

Adjusted EPS for fiscal Q4 beat analyst expectations, driven by higher spot rates

Company declared $1.00/share irregular dividend and completed sale of VLGC Cobra

Outlook

Company says Middle East supply disruptions and higher prices are impacting global LPG trade flows

Dorian LPG notes increased U.S. LPG exports and tightening terminal availability amid regional disruptions

Company says uncertainty remains about timing for restoration of Middle East export capacity

Result Drivers

SPOT RATE GAINS - Revenue growth was primarily driven by higher spot rates, which lifted average TCE rates for the fleet

FREIGHT MARKET STRENGTH - Co said freight markets strengthened due to weather disruptions, logistical inefficiencies, and geopolitical tensions impacting vessel routing and ton-mile demand

OPERATING COST REDUCTION - Vessel operating expenses per day declined, mainly due to lower drydock-related costs and reduced spending on spares and stores

Company press release: ID:nBw8m7ZDha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$153.3 mln
$129.34 mln (6 Analysts)
Q4 Adjusted EPS
Beat
$1.89
$1.47 (7 Analysts)
Q4 EPS
$1.90
Q4 Adjusted Net Income
$80.4 mln
Q4 Net Income
$81 mln
Q4 Adjusted EBITDA
$106.6 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "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 $41.00, about 3.1% below its May 19 closing price of $42.32

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)