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Dorian LPG

LPG

Dorian LPG Ltd. is a leading liquefied petroleum gas (LPG) shipping company focused on the ownership and operation of Very Large Gas Carriers (VLGCs).

Market cap
$1.65B+39.8%
Revenue$481.5M+36.3%
Net income$193.7M+115%
Free cash flow$209.4M+21.7%
EPS (diluted)$4.55+111%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 31, 2026 (In 2 weeks)
Revenue estimate$168.4M
EPS estimate$2.22

Financials

Q4 2026

Income statement

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Revenue$153.3M+102%
Operating income$83.9M+471%
Net income$81.0M+901%
EPS (diluted)$1.90+900%

Balance sheet

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Cash & equivalents$327.4M+3.3%
Total debt$709.1M-0.5%
Total equity$1.1B+8.9%
Total assets$1.9B+5.2%

Cash flow

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Operating cash flow$82.1M+63.7%
CapEx$254.1K
Free cash flow$81.9M+49.3%

Valuation & ratios

Valuation

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Market cap$1.65B+39.8%
Enterprise value$2.04B+32.0%
P/E8.5×-14.5×
P/S3.4×-0.1×

Profitability

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Operating margin43.6%+11.8pp
Net margin40.2%+14.7pp
FCF margin43.5%-5.2pp

Returns & leverage

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Return on equity17.7%+9.0pp
Debt / equity0.6×-0.1×
Current ratio2.7×-0.9×

Competitors

Profile

Dorian LPG Ltd. is a leading liquefied petroleum gas (LPG) shipping company focused on the ownership and operation of Very Large Gas Carriers (VLGCs). The company provides international seaborne transportation services for LPG, utilizing a modern fleet of fuel-efficient ECO-design vessels and ammonia-capable carriers. Its core value proposition centers on in-house technical and commercial management to deliver safe, reliable, and environmentally efficient energy transport for global energy markets.

Competitive position

Dorian maintains a competitive advantage through a modern, ECO-class fleet with an average age lower than the global average and significant scrubber-fitted capacity.

GeographiesGlobal, United States, Marshall Islands, Denmark, Greece
Customer segmentsEnergy majors, Industrial importers, Global commodity trading firms
Business modelAsset-heavy, Spot market charters, Time charters, Contracts of Affreightment (COA)
SuppliersShipyards, Classification societies, Marine fuel suppliers, Seafarer recruitment agencies
CustomersIntegrated oil and gas companies, National oil companies, Petrochemical manufacturers, LPG distributors
Listed2014
Employees577.0
CEOJohn C. Hadjipateras
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Dorian LPG's market cap?
Dorian LPG (LPG) has a market capitalization of $1.7B and trades on NYSE.
What is Dorian LPG's revenue and profitability?
Dorian LPG generated $481.5M in trailing twelve-month revenue with net income of $193.7M, representing a net margin of 40.2%, with free cash flow of $209.4M. These figures are based on the Q1 2026 filing.
Who are Dorian LPG's competitors?
Dorian LPG's key competitors include BW LPG Ltd., Stabilis Solutions, Inc. Common Stock, Enterprise Products Partners L.P., and others. These companies compete in similar markets and product categories.
Who does Dorian LPG partner with?
Dorian LPG's notable partners include Mitsui O.S.K. Lines Ltd., MOL Energia Pte. Ltd., Exxon Mobil Corp., and others.
What subsidiaries does Dorian LPG have?
Dorian LPG's subsidiaries include Dorian LPG (DK) ApS, Helios LPG Pool LLC.
Where is Dorian LPG headquartered?
Dorian LPG is headquartered in United States of America and employs approximately 577 people. It has been publicly traded since 2014.