DORIAN LPG LTD. (LPG)
Dorian LPG Ltd., alongside its affiliates, operates worldwide in the shipping industry, specializing in the transportation of liquefied petroleum gas (LPG) with its fleet of dedicated vessels. The company's core business involves the ownership and management of Very Large Gas Carriers (VLGCs). As of May 27, 2022, its operational fleet consisted of twenty-two VLGCs. Established in 2013, Dorian LPG maintains its corporate headquarters in Stamford, Connecticut.
Sector: Deep Sea Foreign Transportation of Freight
Industry: Oil & Gas Midstream
Dorian LPG Ltd.
NYSE:LPGEnergy · Oil & Gas Midstream
+1.02%$46.55
CLOSED · Nov 6Prev close$46.08+1.02%Close$46.550.00%AH close$46.55
AH$46.55+0.00%vs close
Mkt Cap$2B
Float36.79M
O/S42.96M
VOL1.11M sh
$ Vol$51.55M
RVOL2.08×
Inst Own71.4%
Div Yield7.20%
Dilution
Financials Summary
Revenue$481.51M
Net Income$193.67M
Total Assets$1.87B
Free Cash Flow$116.3M
Debt & Equity
Debt 38%
Equity 62%
Total Debt$709.64M
Total Equity$1.14B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LPG's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.87B
Liabilities$732.7M
Accounts Receivable$99.08M
Accounts Payable$7.99M
Inventory$2.44M
PP&E (Net)$1.36B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Revenue | $481.51M | $353.34M | $560.72M | $389.75M | $274.22M | $315.94M | $333.43M | $158.03M | $159.33M | $167.45M | $289.21M | $104.13M | $29.63M | $38.66M |
| YoY Growth | 36.3% | -37.0% | 43.9% | 42.1% | -13.2% | -5.2% | 111.0% | -0.8% | -4.8% | -42.1% | 177.7% | 251.4% | -23.4% | - |
| Cost of Revenue | $221.01M | $200.65M | $195.48M | $161.7M | $161.23M | $168.23M | $150.85M | $134.02M | $131.86M | $134.13M | $101.78M | $57.43M | $21.69M | $21.3M |
| Gross Profit | $260.5M | $152.69M | $365.24M | $228.05M | $112.99M | $147.71M | $182.58M | $24.02M | $27.48M | $33.32M | $187.43M | $46.7M | $7.95M | $17.37M |
| Gross Margin | 54.1% | 43.2% | 65.1% | 58.5% | 41.2% | 46.8% | 54.8% | 15.2% | 17.2% | 19.9% | 64.8% | 44.8% | 26.8% | 44.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $53.02M | $42.63M | $39M | $32.09M | $30.23M | $33.89M | $23.36M | $34.46M | $26.19M | $21.73M | $29.84M | $15.27M | $3.56M | $1.98M |
| Other | $0 | -$2.58M | -$2.59M | -$2.4M | -$9.63M | -$2.28M | -$1.84M | -$2.48M | -$2.55M | -$2.41M | -$1.95M | -$94K | $0 | $0 |
| Total Operating Expenses | $53.02M | $40.04M | $36.41M | $29.68M | $20.6M | $31.61M | $21.52M | $31.98M | $23.64M | $19.32M | $27.89M | $15.18M | $3.56M | $14.19M |
| Operating Income (EBIT) | $207.48M | $112.64M | $328.83M | $198.36M | $92.4M | $116.1M | $161.07M | -$7.96M | $3.84M | $13.99M | $158.42M | $30.09M | $4.39M | $3.36M |
| Operating Margin | 43.1% | 31.9% | 58.6% | 50.9% | 33.7% | 36.7% | 48.3% | -5.0% | 2.4% | 8.4% | 54.8% | 28.9% | 14.8% | 8.7% |
| Interest Expense | $29.25M | $35.81M | $40.48M | $37.8M | $27.07M | $27.6M | $36.11M | $40.65M | $35.66M | $28.97M | $12.76M | $289K | $1.58M | $0 |
| Interest Income | $11.14M | $15.22M | $9.49M | $3.81M | $347K | $421K | $1.46M | $1.76M | $440K | $138K | $148K | $419K | $428K | $8.02M |
| Other Income (Expense) | -$13.81M | -$22.47M | -$21.38M | -$25.92M | -$20.46M | -$23.54M | -$49.23M | -$42.98M | -$24.24M | -$15.44M | -$28.73M | -$4.83M | -$1.56M | -$8.21M |
| Income Before Tax (EBT) | $193.67M | $90.17M | $307.45M | $172.44M | $71.94M | $92.56M | $111.84M | -$50.95M | -$20.4M | -$1.44M | $129.69M | $25.26M | $2.83M | -$4.85M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $193.67M | $90.17M | $307.45M | $172.44M | $71.94M | $92.56M | $111.84M | -$50.95M | -$20.4M | -$1.44M | $129.69M | $25.26M | $2.83M | -$4.85M |
| Net Income Margin | 40.2% | 25.5% | 54.8% | 44.2% | 26.2% | 29.3% | 33.5% | -32.2% | -12.8% | -0.9% | 44.8% | 24.3% | 9.6% | -12.5% |
| Supplementary Data | ||||||||||||||
| EPS | 4.55 | 2.14 | 7.63 | 4.31 | 1.79 | 1.86 | 2.08 | -0.93 | -0.38 | -0.03 | 2.29 | 0.45 | 0.05 | -0.09 |
| Diluted EPS | 4.55 | 2.14 | 7.60 | 4.29 | 1.78 | 1.86 | 2.07 | -0.93 | -0.38 | -0.03 | 2.29 | 0.45 | 0.05 | -0.09 |
| Weighted Average OS | 42.60M | 42.14M | 40.28M | 40.03M | 40.20M | 49.73M | 53.88M | 54.51M | 53.69M | 48.06M | 56.63M | 56.18M | 56.88M | 56.88M |
| EBITDA | $294.66M | $192.98M | $414.12M | $265.87M | $158.19M | $191.91M | $212.34M | $50.89M | $69.17M | $79.05M | $202.13M | $45.61M | $11.03M | $9.74M |
| EBITDA Margin | 61.2% | 54.6% | 73.9% | 68.2% | 57.7% | 60.7% | 63.7% | 32.2% | 43.4% | 47.2% | 69.9% | 43.8% | 37.2% | 25.2% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $327.41M | $316.88M | $282.51M | $148.8M | $236.76M | $79.33M | $48.39M | $30.84M | $103.51M | $17.02M | $46.41M | $204.82M | $279.13M | $1.04M |
| Short-Term Investments | $0 | $0 | $11.53M | $0 | $0 | $0 | $14.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $327.41M | $316.88M | $294.04M | $148.8M | $236.76M | $79.33M | $63.31M | $30.84M | $103.51M | $17.02M | $46.41M | $204.82M | $279.13M | $1.04M |
| Accounts Receivable | $99.08M | $49.45M | $53.01M | $76.35M | $58.64M | $56.39M | $67.67M | $45.84M | $27.22M | $42.47M | $54.61M | $23.23M | $3.61M | $1.14M |
| Inventory | $2.44M | $2.51M | $2.39M | $2.64M | $2.27M | $2.01M | $2M | $2.11M | $2.01M | $2.58M | $2.29M | $3.38M | $1.06M | $1.71M |
| Other Current Assets | $21.32M | $13.52M | $19.44M | $0 | $0 | $5.32M | $3.37M | $600K | $0 | $0 | $0 | $0 | $30.95M | $2.26M |
| Total Current Assets | $450.25M | $382.36M | $368.88M | $236.3M | $307.89M | $153.34M | $139.61M | $82.59M | $103.51M | $63.97M | $105.56M | $233.21M | $315.09M | $6.16M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $1.36B | $1.35B | $1.42B | $1.42B | $1.26B | $1.39B | $1.46B | $1.48B | $1.54B | $1.6B | $1.67B | $818.62M | $518.1M | $187.08M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.42M | $0 | $0 | $11.37M | $0 | $0 | $0 | $61.88M | $59.93M | $76.52M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $54.38M | $50.01M | $44.65M | $39.09M | $36.86M | $33.42M | $67.64M | $2.22M | -$1.57B | $1.96M | $68.8M | $47.27M | $7.06M | $1.21M |
| Total Long-Term Assets | $1.42B | $1.4B | $1.47B | $1.47B | $1.3B | $1.43B | $1.53B | $1.54B | $25.86M | $1.68B | $1.74B | $865.89M | $525.16M | $188.29M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.61B | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.87B | $1.78B | $1.84B | $1.71B | $1.61B | $1.58B | $1.67B | $1.63B | $1.74B | $1.75B | $1.84B | $1.1B | $840.25M | $194.45M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $7.99M | $11.55M | $10.19M | $10.81M | $9.54M | $9.83M | $13.55M | $7.21M | $6.33M | $7.08M | $6.83M | $5.22M | $2.4M | $3.31M |
| Short-Term Debt | $100.69M | $54.98M | $54.08M | $53.64M | $72.2M | $52.02M | $53.34M | $63.97M | $65.07M | $65.98M | $67.93M | $15.68M | $9.61M | $12.11M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.98M | $679K | $487K | $209K | $814K | $854K | $2.07M | $4.26M | $5.56M | $7.31M | $4.61M | $1.12M | $554K | $0 |
| Other Current Liabilities | $6.5M | $959K | $1.33M | $1.29M | $952K | $2.4M | $3.64M | $2.97M | $3.97M | $1.89M | $4.72M | $2.69M | $1.44M | $16.17M |
| Total Current Liabilities | $168.83M | $107.88M | $101.81M | $94.6M | $94.84M | $82.08M | $85.01M | $79.37M | $82.01M | $85.77M | $88.13M | $28.2M | $14.88M | $31.6M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $460.23M | $498.77M | $551.55M | $604.26M | $590.69M | $539.65M | $581.92M | $632.12M | $694.04M | $683.99M | $746.35M | $184.67M | $119.11M | $150.09M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.58M | $1.48M | $1.53M | $1.43M | $1.69M | $4.98M | $10.32M | $1.2M | $652K | $483K | $22.1M | $13.02M | $14.06M | $0 |
| Total Long-Term Liabilities | $563.87M | $624.67M | $712.3M | $740.47M | $592.37M | $552.71M | $609.89M | $633.32M | $694.69M | $684.47M | $768.45M | $197.69M | $133.17M | $150.09M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $732.7M | $732.55M | $814.12M | $835.07M | $687.21M | $634.79M | $694.91M | $712.69M | $776.7M | $770.23M | $856.58M | $225.89M | $148.05M | $181.69M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $546K | $543K | $520K | $516K | $513K | $511K | $591K | $589K | $586K | $583K | $581K | $581K | $484K | $73.88M |
| Retained Earnings | $400.02M | $311.14M | $377.14M | $231.84M | $280.76M | $289.4M | $196.84M | $84.99M | $135.94M | $156.34M | $157.78M | $28.09M | $2.83M | -$61.12M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$190.48M | -$125.86M | $0 | -$19.25M | -$6.56M | $0 |
| Other Stockholders' Equity | $738.43M | $734.42M | $645.88M | $641.49M | $638.88M | $656.91M | $779.63M | $827.1M | $822.89M | $819.08M | $827.24M | $844.54M | $688.88M | $0 |
| Total Equity | $1.14B | $1.05B | $1.02B | $873.85M | $920.15M | $946.83M | $977.05M | $912.68M | $959.41M | $976M | $985.6M | $873.21M | $692.2M | $12.76M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.87B | $1.78B | $1.84B | $1.71B | $1.61B | $1.58B | $1.67B | $1.63B | $1.74B | $1.75B | $1.84B | $1.1B | $840.25M | $194.45M |
| Supplementary Data | ||||||||||||||
| Total Debt | $709.64M | $712.98M | $797.34M | $816.09M | $670.96M | $609.35M | $662.12M | $696.09M | $759.1M | $749.96M | $814.28M | $200.34M | $128.72M | $162.2M |
| Net Debt | $382.23M | $396.1M | $514.83M | $667.29M | $434.2M | $530.02M | $613.74M | $665.25M | $655.6M | $732.95M | $767.87M | -$4.48M | -$150.41M | $161.16M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 |
| Operating Activities | ||||||||||||||
| Net Income | $193.67M | $90.17M | $307.45M | $172.44M | $71.94M | $92.56M | $111.84M | -$50.95M | -$20.4M | -$1.44M | $129.69M | $25.26M | $2.83M | -$4.85M |
| Depreciation & Amortization | $71.74M | $69.6M | $68.67M | $63.4M | $66.43M | $77.68M | $68.15M | $65.2M | $65.33M | $65.06M | $42.59M | $14.09M | $6.62M | $11.67M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$153.81M | -$12.6M | -$27.27M | $10.14M | $1.34M | $0 | $0 |
| Stock-Based Compensation | $11.03M | $10.42M | $8.33M | $4.28M | $3.33M | $3.36M | $3.23M | $5.48M | $5.14M | $4.39M | $4.05M | $2.31M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$48.95M | $2.09M | $15.39M | -$19.08M | -$3.17M | $11.27M | -$25.13M | -$18.62M | -$325K | $96K | $22.74M | -$21.02M | -$1.97M | -$735K |
| Inventory | $0 | $0 | $0 | -$376K | -$259K | -$11K | $115K | -$99K | $568K | -$293K | $1.09M | -$2.32M | $397K | -$660K |
| Accounts Payable | -$1.07M | -$35K | -$1.27M | $592K | -$115K | $212K | $1.47M | $794K | -$562K | $744K | $1.04M | $2.73M | $1.8M | $0 |
| Other Working Capital | -$57.98M | -$31.03M | -$29.71M | -$6.07M | -$14.3M | -$4.93M | -$5.6M | -$4.13M | $12.91M | $8.34M | -$62.95M | $2.44M | -$232K | $2.66M |
| Total Working Capital Change | -$107.99M | -$28.98M | -$15.59M | -$24.94M | -$17.85M | $6.54M | -$29.14M | -$22.06M | $12.59M | $8.89M | -$38.08M | -$18.17M | -$2K | $1.27M |
| Other Non-Cash Items | $41.7M | $31.8M | $19.59M | $8.88M | -$5.16M | -$9.55M | $14.96M | $165.01M | $7.19M | $2.48M | $2.64M | $781K | -$2.22M | $169K |
| Net Cash from Operating | $210.14M | $173.01M | $388.45M | $224.06M | $118.7M | $170.6M | $169.04M | $8.88M | $57.25M | $52.1M | $151.03M | $25.62M | $7.24M | $8.26M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$93.84M | -$18.95M | -$32.85M | -$68.78M | -$23.19M | -$9.51M | -$20.02M | -$4.02M | -$437K | -$1.92M | -$895.53M | -$314.57M | -$172.25M | -$470K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.71M | $0 | -$13.73M | $0 |
| Purchases of Investments | $0 | -$214K | -$5.98M | -$11.28M | -$2.25M | -$4.74M | -$14.89M | -$500K | -$11.01M | -$64K | -$17.6M | $0 | $0 | $0 |
| Sales of Investments | $0 | $11.8M | $4.03M | $3.72M | $3.74M | $15.28M | $1.77M | $0 | $36.02M | $3K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $90.46M | $0 | $0 | -$500K | $25.01M | -$61K | -$14.89M | $2.24M | -$35.45M | $0 |
| Net Cash from Investing | -$93.84M | -$7.36M | -$34.8M | -$76.34M | $68.77M | $1.02M | -$33.14M | -$4.52M | $24.57M | -$1.98M | -$910.41M | -$312.33M | -$221.43M | -$470K |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$8.4M | $53.03M | $53.11M | $6.46M | -$67.93M | $44.04M | $63.97M | $65.07M | -$9.01M | $66.27M | -$636.02M | -$70.47M | $6.51M | - |
| Common Stock Issuance | $0 | $89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $155.83M | $510.5M | $0 |
| Common Stock Repurchases | -$7.01M | -$6.27M | -$3.94M | -$1.67M | -$21.36M | -$126.26M | -$50.64M | -$1.31M | -$1.22M | -$12.95M | -$20.94M | $0 | $0 | $0 |
| Dividends Paid | -$105.01M | -$156.4M | -$162.26M | -$220.6M | -$80.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$2.28M | -$4.59M | -$408K | -$6.51M | -$1.66M | -$4.18M | -$41K | $0 | -$3.11M | -$100K | -$13.99M | -$12.61M | -$10.67M | -$8.78M |
| Net Cash from Financing | -$105.9M | -$131.29M | -$219.72M | -$235.23M | -$35.18M | -$174.48M | -$114.65M | -$67.01M | $4.67M | -$79.32M | $601.09M | $213.69M | $493.32M | -$8.78M |
| Forex Effect | $136K | $7K | -$216K | -$450K | -$173K | $206K | -$323K | -$253K | -$8K | -$197K | -$112K | -$1.3M | $8K | $0 |
| Net Change in Cash | $10.54M | $34.37M | $133.71M | -$87.96M | $152.11M | -$2.66M | $20.92M | -$72.67M | $86.49M | -$29.39M | -$158.41M | -$74.31M | $278.09M | -$999K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $210.14M | $173.01M | $388.45M | $224.06M | $118.7M | $170.6M | $169.04M | $8.88M | $57.25M | $52.1M | $151.03M | $25.62M | $7.24M | $8.26M |
| Capital Expenditure | -$93.84M | -$18.95M | -$32.85M | -$68.78M | -$23.19M | -$9.51M | -$20.02M | -$4.02M | -$437K | -$1.92M | -$895.53M | -$314.57M | -$172.25M | -$470K |
| Free Cash Flow | $116.3M | $154.06M | $355.59M | $155.27M | $95.51M | $161.09M | $149.01M | $4.86M | $56.81M | $50.18M | -$744.5M | -$288.94M | -$165.02M | $7.79M |
| Cash at Beginning | $316.95M | $282.58M | $148.87M | $236.84M | $84.73M | $87.39M | $66.47M | $103.51M | $17.02M | $46.41M | $204.82M | $279.13M | $1.04M | $2.04M |
| Cash at End | $327.49M | $316.95M | $282.58M | $148.87M | $236.84M | $84.73M | $87.39M | $30.84M | $103.51M | $17.02M | $46.41M | $204.82M | $279.13M | $1.04M |