Dorian LPG (NYSE:LPG) Posts Earnings Results, Beats Estimates By $0.40 EPS

Dorian LPG (NYSE:LPG) announced its quarterly earnings results on Wednesday. The shipping company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.40, Briefing.com reports. The company had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The firm’s revenue was up 123.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS.

Here are the key takeaways from Dorian LPG’s conference call:

• Dorian reported its highest-ever TCE revenue per available day at $75,926, while adjusted EBITDA reached $165.4 million, including a $30.1 million gain on the Cobra sale.
• VLGC market conditions remained strong as Middle East disruptions redirected LPG trade toward the U.S. Gulf, which posted record exports of nearly 20.8 million tons and increased ton-mile demand. Management said rates have remained healthy despite some Panama Canal-related cost pressure.
• The company’s balance sheet has strengthened following vessel sales and debt repayments, with cash approaching $600 million, debt-to-total capitalization of 29.3%, and net debt-to-total capitalization of 9.7%. Dorian also expects lower interest and principal-amortization costs after approximately $80.6 million of debt reductions.
• Dorian declared a $1-per-share dividend, its 20th dividend payment, while emphasizing that future capital allocation will balance shareholder returns, debt reduction, and conservative fleet renewal. The company has ordered one dual-fuel 90,000-cubic-meter VLGC for mid-2029 delivery and is evaluating additional renewal opportunities without excluding measured fleet expansion.
• Management noted that the VLGC order book is increasing and expressed concern about excess newbuilding activity, which could pressure future returns. Freight markets also corrected from record highs after the June ceasefire memorandum, although management believes a lasting peace would not necessarily be negative for the sector.

Dorian LPG Price Performance

Shares of LPG opened at $43.05 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67. The firm has a market cap of $1.84 billion, a PE ratio of 9.46 and a beta of 0.65. The business’s 50 day moving average price is $41.29 and its two-hundred day moving average price is $37.28. Dorian LPG has a 52-week low of $23.76 and a 52-week high of $48.12.

Dorian LPG Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Monday, July 27th will be issued a $1.00 dividend. The ex-dividend date is Monday, July 27th.

Analysts Set New Price Targets

LPG has been the subject of several research analyst reports. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Freedom Capital cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Insider Transactions at Dorian LPG

In other news, Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the sale, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. This trade represents a 18.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the completion of the sale, the insider directly owned 157,842 shares of the company’s stock, valued at $5,584,449.96. The trade was a 11.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.50% of the stock is owned by corporate insiders.

Institutional Trading of Dorian LPG

Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Dorian LPG by 59.3% during the fourth quarter. Invesco Ltd. now owns 466,511 shares of the shipping company’s stock worth $11,355,000 after buying an additional 173,621 shares during the last quarter. Summit Global Investments bought a new stake in shares of Dorian LPG during the fourth quarter worth about $414,000. Vident Advisory LLC raised its holdings in shares of Dorian LPG by 21.2% in the 4th quarter. Vident Advisory LLC now owns 25,363 shares of the shipping company’s stock worth $617,000 after acquiring an additional 4,445 shares during the last quarter. nVerses Capital LLC bought a new position in Dorian LPG in the 4th quarter valued at about $280,000. Finally, VARCOV Co. acquired a new position in Dorian LPG during the 4th quarter valued at about $924,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.