Dorian LPG FY27 Q1 net income more than doubled to $138.3 million; revenue rises 123.1% to $187.9 million - LPG News | RalliesDorian LPG FY27 Q1 net income more than doubled to $138.3 million; revenue rises 123.1% to $187.9 million
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LPG• Quarterly results and dividend
- Dorian LPG posted net income of USD 138.3 million, or USD 3.24 per diluted share, for the quarter ended June 30, 2026.
- Revenue more than doubled to USD 187.9 million, while the fleet’s TCE rate climbed 91.1% to USD 75,926 per available day.
- Declared an irregular cash dividend of about USD 42.8 million, or USD 1 per share, payable on or about Aug. 12.
Vessel sales and market conditions
- Sold the VLGC Cobra for USD 81.9 million net, booking a USD 30.1 million gain; later sold Corsair for USD 80.8 million net.
- CEO John C. Hadjipateras cited geopolitical disruption and Strait of Hormuz closure as drivers of volatility and extraordinary freight rates.
