As noted prior, our friends at Dorian LPG (LPG) are on a different fiscal cycle that most companies. Their year starts in April, so the company is reporting Q1 2026 this week.
Useless presentation slide deck
Better details in a Press release
- Rev of $84.2M
- TCE of $39,726 daily
- Net Income of $10.1M
- Declared irregular dividend of 60c/sh
Looks like Dorian added another charter-in vessel (now 5, per 07/30/25). TCE rate pretty decent for what is considered the weaker half of the LPG tanker cycle. LPG mgmt acknowledge higher expenses due to more dry dockings (majority of their vessels were delivered in 2015, so a majority of their drydocking in 5-year cycle will occur in 2025, 2026)
No LPG position currently