Dorian LPG 2026 Q2 Earnings Net Income Surges 487% to $55.4M

Dorian LPG (LPG) delivered a strong performance in fiscal 2026 Q2, with net income surging 487% to $55.4 million, far exceeding expectations. The company also reported a 50.5% revenue increase to $124.06 million and a 490.9% jump in EPS to $1.30. Analysts noted the results reflect robust market conditions and operational efficiency gains.

Revenue

Dorian LPG’s total revenue for Q2 2026 reached $124.06 million, a 50.5% increase from $82.43 million in the prior-year period. This growth was driven by higher time charter equivalent (TCE) rates, which rose 45.2% to $53,725 per available day, supported by strong global LPG demand and favorable spot market rates.

Earnings/Net Income

The company’s net income soared to $55.38 million in Q2 2026, a 487.4% increase from $9.43 million in 2025 Q2. Earnings per share (EPS) rose 490.9% to $1.30, reflecting significant improvements in profitability. The EPS growth was a standout positive, underscoring the company’s ability to capitalize on favorable market dynamics.

Post-Earnings Price Action Review

The strategy of buying LPG when revenues beat estimates and holding for 30 days has been backtested. The results showed that this strategy yielded a 15.5% return, with a 70% win rate and 30% loss rate.

CEO Commentary

CEO Andriy Skrypchenko highlighted the company’s strong Q2 performance, attributing it to increased LNG charter demand and favorable spot market rates. Despite challenges like supply chain constraints, he expressed confidence in fleet modernization and strategic partnerships to enhance operational efficiency. Long-term priorities include expanding the LNG carrier fleet and investing in green technologies to align with global decarbonization goals.

Guidance

Dorian LPG reported Q2 2026 EPS of $1.30 and revenue of $124.06 million. The company emphasized its commitment to balancing dividends, deleveraging, and fleet investment. CEO Skrypchenko remains cautiously optimistic about long-term opportunities in the energy transition and asset optimization.

Additional News

Dorian LPG declared an irregular cash dividend of $0.65 per share, totaling $27.8 million, marking the 17th such payment. The dividend, paid on December 2, 2025, reflects the company’s disciplined capital return strategy. Meanwhile, the stock price dropped 7% post-earnings due to a 4.38% EPS miss and 0.83% revenue shortfall compared to forecasts. Analysts attributed the decline to broader market volatility and geopolitical uncertainties, though the company’s strong cash position and growing LPG trade volumes remain long-term tailwinds.