Dorian LPG Q3 2026 Earnings Call Highlights: Strong Liquidity, Dividend Growth, and Increased Fleet Efficiency

Dorian LPG Ltd reported Q3 2026 earnings, with a dividend of $0.70 per share, totaling $29.9 million, marking the 18th dividend payment since IPO. The VLGC market remained strong, with spot earnings above long-term mid-cycle levels. Global seaborne LPG trade reached a new quarterly record, and the company completed 12 dry dockings in the past year, enhancing fleet efficiency. However, freight markets faced challenges due to lower Saudi Contract Prices and retaliatory port service fees in China, narrowing arbitrage and weakening freight markets temporarily.