Dorian Lpg Ltd.LPG
What Dorian Lpg Ltd. does.
Unless otherwise indicated, references to "Dorian," the "Company," "we," "our," "us," or similar terms refer to Dorian LPG Ltd. and its subsidiaries. We use the term "VLGC" to refer to very large gas carriers and “VLGC/AC” to refer to very large gas carriers that are purpose built to transport full ammonia cargoes in addition to LPG. We use the term "LPG" to refer to liquefied petroleum gas and we use the term "cbm" to refer to cubic meters in describing the carrying capacity of our vessels. Unless otherwise indicated, all references to "U.S. dollars," "USD," and "$" in this report are to the lawful currency of the United States of America.
Dorian was incorporated on July 1, 2013 under the laws of the Republic of the Marshall Islands, is headquartered in the United States and is engaged in the transportation of LPG. Specifically, Dorian and its subsidiaries are focused on owning and operating VLGCs in the LPG shipping industry. Our founding executives have managed vessels in the LPG shipping market since 2002. As of May 22, 2026, our fleet consists of twenty-seven VLGCs, including one 93,000 cbm dual-fuel ECO-design Very Large Gas Carrier / Ammonia Carrier (“VLGC/AC”), one 84,000 cbm dual-fuel ECO-design VLGC; eighteen fuel-efficient 84,000 cbm ECO-design VLGCs, or our ECO VLGCs; one 82,000 cbm modern VLGC/AC; four time chartered-in dual fuel Panamax size VLGCs; one time chartered-in ECO Panamax VLGC, and one time chartered-in modern VLGC. The twenty-seven vessels in our fleet, including the six time chartered-in vessels, as of May 22, 2026, have an aggregate carrying capacity of approximately 2.3 million cbm and an average age of 9.6 years. We provide in-house commercial services for all of our vessels, including our vessels deployed in the Helios Pool (defined below), which may also receive commercial management services from MOL Energia (defined below). Excluding our time chartered-in vessels, we provide in-house technical management services for all of our vessels, including our vessels deployed in the Helios Pool.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $315.9M | $274.2M | $389.7M | $560.7M | $353.3M | $481.5M |
| Net income | $92.6M | $71.9M | $172.4M | $307.4M | $90.2M | $193.7M |
| Free cash flow | $161.1M | $95.5M | $155.3M | — | — | — |
More on LPG.
- Dorian Lpg Ltd. summary
- Dorian Lpg Ltd. financial statements
- Dorian Lpg Ltd. key metrics
- Dorian Lpg Ltd. health scores and style box
- Dorian Lpg Ltd. earnings
- Dorian Lpg Ltd. dividends
- Dorian Lpg Ltd. valuation
- Dorian Lpg Ltd. ownership and insiders
- Dorian Lpg Ltd. peers
Figures from Dorian Lpg Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.