LPG · Dorian Lpg Ltd.
Press releases and events scraped from the company's investor relations website. Past events open our own call or event page when we host one; otherwise listings link to the original source.
Recent news
| Date | Headline |
|---|---|
| 2026-08-05 | First Quarter 2027 Investor Highlights |
| 2026-08-05 |
Dorian LPG Ltd. Announces First Quarter Fiscal Year 2027 Financial Results
Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months ended June 30, 2026. Key Recent Developments Declared an irregular cash dividend totaling approximately $42.8 million, or $1.00 per share, to be paid on or about August 12, 2026 to all shareholders of record as of July 27, 2026. Prepaid $23.9 million of the BALCAP Facility’s then outstanding principal related to the 2015-built VLGC Constellation in July 2026. Completed the sale of our 2014-built VLGC Corsair and received proceeds net of commission of $80.8 million in July 2026. Completed the sale of our 2015-built VLGC Constellation and received proceeds net of commission of $85.6 million in July 2026. Highlights for the First Quarter Fiscal Year 2027 Revenues of $187.9 million. Time Charter Equivalent (“TCE”) (1) rate per available day for our fleet of $75,926. Net income |
| 2026-07-30 |
Dorian LPG Ltd. Announces First Quarter 2027 Earnings and Conference Call Date and Completion of the Sale of Constellation
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), will issue a news release on Wednesday, August 5, 2026 prior to the market open, announcing its financial results for the first quarter ended June 30, 2026. The Company also announced that it completed the sale of its 2015-built VLGC Constellation on July 27, 2026, generating cash proceeds of approximately $87.3 million. The associated debt of $23.9 million was repaid in connection with the sale. Earnings Conference Call A conference call to discuss the results will be held the same day at 10:00 a.m. ET. The conference call can be accessed live by dialing 1-800-420-1459, or for international callers, 1-203-518-9861, and requesting to be joined into the Dorian LPG call. A live webcast of the conference call will also be available under the investor section at www.dorianlpg.com . A replay will be available at 1:00 p.m. ET the same day and can be |
| 2026-07-16 |
Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share and Completion of the Sale of Corsair
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning approximately $42.8 million of capital to shareholders. The irregular dividend is payable on or about August 12, 2026 to all shareholders of record as of the close of business on July 27, 2026. The Company also announced that it completed the sale of its 2014 built VLGC Corsair on July 8, 2026, generating cash proceeds of approximately $81.8 million. The associated debt of $24.2 million was repaid during the quarter ended June 30, 2026. Forward-Looking & Other Cautionary Statements The cash dividend referenced in this release is an irregular dividend. All declarations of dividends are subject to the determination and discretion of our Board of Directors based on its consideration of various factors, |
| 2026-06-23 |
Dorian LPG Ltd. Announces VLGC Newbuilding Contract, Forward Chartering Estimates and Memorandums of Agreement to Sell Three VLGCs
Dorian LPG Ltd. (NYSE: LPG) (“Dorian”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today announced that it entered into an agreement with HD Hyundai to build one 90,000 cbm VLGC for delivery in July 2029 for a price of approximately $115 million. Dorian also has signed memorandums of agreement to sell the 2014-built Corsair and two 2015-built VLGCs for aggregate proceeds of approximately $256 million. Dorian expects to deliver each of the vessels to their purchasers by the fourth calendar quarter of 2026. There is no guarantee that these transactions will be completed by the fourth calendar quarter of 2026 or at all. The Areion - 2026 built dual-fuel newbuilding VLGC/AC Dorian also reports the following estimates for its fleet for the quarter ending June 30, 2026, based on the close of business today and estimates that it has fixed 99% of its calendar days at a rate in excess of $68,000 per day. For the month ending July 31, 2026, the Company estimates |
| 2026-05-20 |
Dorian LPG Ltd. Announces Fourth Quarter and Fiscal Year 2026 Financial Results
Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months and fiscal year ended March 31, 2026. The Areion - dual-fuel newbuilding VLGC/AC Key Recent Developments Declared an irregular cash dividend of $1.00 per share of the Company’s common stock totaling $42.8 million to be paid on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026. Prepaid $16.5 million of the 2023 A&R Debt Facility, the proportion related to the 2015-built VLGC Cobra . On May 6, 2026, we completed the sale of the 2015-built VLGC Cobra , receiving proceeds net of commissions and fees of $81.9 million. Highlights for the Fourth Quarter Ended March 31, 2026 Revenues of $153.3 million. Time charter equivalent (“TCE”) (1) per available day rate for our fleet of $63,615. Net income of $81.0 million, or $1.90 earnings per |
| 2026-05-20 | Fourth Quarter 2026 Investor Highlights |
| 2026-05-13 |
Dorian LPG Ltd. Announces Fourth Quarter and Full Year 2026 Earnings and Conference Call Date
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), will issue a news release on Wednesday, May 20, 2026 prior to the market open, announcing its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2026. Earnings Conference Call A conference call to discuss the results will be held the same day at 10:00 a.m. ET. The conference call can be accessed live by dialing 1-800-445-7795, or for international callers, 1-785-424-1699, and requesting to be joined into the Dorian LPG call. A live webcast of the conference call will also be available under the investor section at www.dorianlpg.com . A replay will be available at 1:00 p.m. ET the same day and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11161820. The replay will be available until May 27, 2026, at 11:59 p.m. ET. About Dorian LPG Ltd. |
| 2026-05-07 |
Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning approximately $42.8 million of capital to shareholders. The irregular dividend is payable on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026. Forward-Looking & Other Cautionary Statements The cash dividend referenced in this release is an irregular dividend. All declarations of dividends are subject to the determination and discretion of our Board of Directors based on its consideration of various factors, including the Company’s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, its business prospects and |
| 2026-05-05 |
Dorian LPG Ltd. Board of Directors Appoints Christopher J. Wiernicki as Class I Director
The board of directors of Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG") unanimously appointed Christopher J. Wiernicki to serve as a Class I director effective immediately and increased the size of the Board from eight to nine directors. Mr. Wiernicki, age 67, has 40 years of marine and offshore expertise and is recognized internationally for transforming the American Bureau of Shipping (“ABS”) into a world leader in safety, risk management digitalization, and decarbonization. Mr. Wiernicki enjoyed a distinguished, 32-year career leading ABS where he chaired its board and served as chief executive officer from 2011 through 2025, prior to which he was ABS’ president and chief operating officer. Mr. Wiernicki also headed ABS’ Europe/Middle East/Africa operations, in addition to serving as the company’s Chief Technology Officer and leading its risk management consulting business. Mr. Wiernicki holds a Bachelor of Science Degree in Civil Engineering from Vanderbilt |
| 2026-03-26 |
Dorian LPG Ltd. Announces Forward Chartering Estimates for Quarter Ending March 31, 2026
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), one of the world’s largest owners and operators of modern and ECO very large gas carriers (“VLGCs”) reports the following estimates for its fleet for the quarter ending March 31, 2026, based on the close of business today. The Company estimates that it has fixed 99% of its calendar days at a rate in excess of $58,000 per day. The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements. Forward-Looking & Other Cautionary Statements This press release contains "forward-looking statements." Statements that are |
| 2026-03-20 |
Dorian LPG Ltd. Takes Delivery of Dual-Fuel 93,000 Cubic Meter Newbuilding
Dual-Fuel LPG and Ammonia Gas Carrier “Areion” to Join Helios Pool Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of very large gas carriers (“VLGCs”), announced today the delivery of its 93,000 cubic meter (cbm) dual-fuel newbuilding named “ Areion ” an LPG and ammonia very large gas carrier (VLGC/AC) from Hanwha Ocean Heavy Industries Co., Ltd. at the Okpo Shipyard in South Korea. The “ Areion ” will commence employment on charter under the Helios LPG Pool, an entity jointly controlled by Dorian LPG Ltd and MOL Energia Pte Ltd., with offices in Copenhagen and Singapore. “Areion”, in Greek Mythology, is the name given to a black-maned horse known for its extraordinary speed, spoken wisdom, and significant powers. The Areion - dual-fuel newbuilding VLGC/AC This is the second wholly owned LPG dual-fuel ship being added to Dorian’s fleet along with the four chartered-in LPG dual-fuel ships raising the percentage of low emissions alternative |
| 2026-02-05 | Third Quarter 2026 Investor Highlights |
| 2026-02-05 |
Dorian LPG Ltd. Announces Third Quarter Fiscal Year 2026 Financial Results
Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months ended December 31, 2025. The Challenger - 2015 built VLGC Key Recent Development Declared an irregular dividend totaling approximately $29.9 million, or $0.70 per share, to be paid on or about on or about February 24, 2026 to all shareholders of record as of February 9, 2026. Highlights for the Third Quarter Fiscal Year 2026 Revenues of $120.0 million. Time Charter Equivalent (“TCE”) (1) rate per available day for our fleet of $50,333. Net income of $47.2 million, or $1.11 earnings per diluted share (“EPS”), and adjusted net income (1) of $47.4 million, or $1.11 adjusted earnings per diluted share (“adjusted EPS”). (1) Adjusted EBITDA (1) of $74.2 million. Declared an irregular cash dividend totaling $27.8 million in November 2025, which was paid in December 2025. (1) TCE, |
| 2026-01-30 |
Dorian LPG Ltd. Declares Irregular Cash Dividend of $0.70 Per Share, Provides Market and Financial Update and Announces Third Quarter 2026 Earnings Conference Call Date
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $0.70 per share of the Company’s common stock, returning approximately $29.9 million of capital to shareholders and will issue a news release on Thursday, February 5, 2026 prior to the market open, announcing its financial results for the third quarter ended December 31, 2025. The dividend is payable on or about February 24, 2026 to all shareholders of record as of the close of business on February 9, 2026. The Company-provided forward booking estimate on its last earnings call reflected its bookings through that date. Market rates during November for December loadings were lower than the previous two months. In addition, fog in the Houston Ship channel contributed to unexpected waiting time, further reducing realized rates. Some quarterly TCE revenue |
Past events
Source: https://www.dorianlpg.com/investors/investor-relations/default.aspx