Dorian LPG Ltd. (LPG) Reports Q1 Fiscal 2026 Results

Dorian LPG Ltd. (NYSE:LPG) is included in our list of the 13 Hot Oil Stocks to Buy Now.

On August 1, 2025, Dorian LPG Ltd. (NYSE:LPG) announced its results for Q1 fiscal 2026. On the same day, the company also declared an irregular cash dividend of $0.60 per share, returning about $25.6 million to shareholders, which is payable on August 27, to holders of record as of August 12.

In Q1, Dorian LPG Ltd. (NYSE:LPG) recorded a revenue drop of 26.4% YoY to $84.2 million, alongside net income of $10.1 million ($0.24 per diluted share). The net income decrease was attributed to lower TCE rates ($39,726/day vs. $50,243) and heavy drydocking. Meanwhile, adjusted EBITDA stood at $38.6 million.

Despite trade flow disruptions caused by geopolitical tensions, including U.S.-China LPG tariffs and Middle East conflicts, Dorian LPG Ltd. (NYSE:LPG) recorded strong bookings for the quarter. Looking ahead, the company remains cautiously optimistic due to limited fleet additions and resilient LPG trade fundamentals.

With its LPG tankers, Dorian LPG Ltd. (NYSE:LPG) owns and operates modern Very Large Gas Carriers (VLGCs). It is included in our list of the hot stocks to buy.

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