Dorian LPG Ltd. (LPG)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
$55.20+3.04%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
QuarterlyIQ Insights · LPG
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within energy on a research-validated quality screen. As of 2026-09-04.
The screen ranks LPG against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated strong grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=1735).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 100% of the last 1 guided quarters · 70.3% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to fix a high percentage of calendar days at strong daily charter rates to maximize revenue.
Stated as a priority in 4 of last 4 quarters. The company has consistently fixed approximately 99% of calendar days at high daily rates, increasing from $50,333 in 2025-Q3 to $75,926 in 2026-Q2, and estimates over $88,000 for 2026-Q3. This trajectory shows delivering on maintaining high daily rates.
“Dorian estimates that it has fixed 99% of its calendar days at a rate in excess of $68,000 per day.”
“The TCE rate per available day for our fleet of $75,926 for the three months ended June 30, 2026.”
“The TCE rate for our fleet was $63,615 for the three months ended March 31, 2026.”
“The TCE rate per available day for our fleet was $50,333 for the three months ended December 31, 2025.”
Continue to declare and pay irregular cash dividends to return capital to shareholders.
Declared irregular dividends have been stated as a priority in 5 of last 5 quarters. The company declared $1.00 per share irregular dividends totaling approximately $42.8 million in 2026-Q2 and prior quarters, with total irregular dividends of $104.7 million declared in fiscal year 2026. The company is delivering on returning capital via irregular dividends.
Continue fleet renewal and expansion by ordering and taking delivery of new dual-fuel VLGC vessels.
Stated in 3 of last 3 quarters. The company took delivery of the dual-fuel VLGC Areion in 2026-Q1 and entered an agreement in 2026-Q3 to build three new dual-fuel VLGCs for delivery in 2030 at a cost of approximately $345 million. This shows delivering on fleet renewal and expansion.
Maintain financial flexibility and reduce interest costs by refinancing existing debt with new credit facilities.
Newly stated in 2026-Q3. The company entered a new seven-year $368.4 million credit facility in September 2026 to refinance existing debt and provide financial flexibility for growth. This is a new priority with immediate delivery on refinancing.
Expand board governance by appointing new directors to enhance oversight and expertise.
Over the trailing year it converted 0.54x of net income into operating cash flow. Historically, Energy names rated fragile grew net income 36% of the time over the next year (vs 47% for the rest of the cohort, n=996).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
14 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Energy names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=807).
Not investment advice. As of 2026-09-04.
“Declared an irregular cash dividend totaling approximately $42.8 million, or $1.00 per share, to be paid on or about August 12, 2026.”
“Declared an irregular cash dividend of $1.00 per share totaling $42.8 million to be paid on or about May 28, 2026.”
“Declared an irregular dividend totaling approximately $29.9 million, or $0.70 per share, to be paid on or about February 24, 2026.”
“Declared an irregular cash dividend totaling $27.8 million in November 2025, paid in December 2025.”
“Declared and paid four irregular dividends totaling $104.7 million for the fiscal year ended March 31, 2026.”
“Entered into agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in 2030.”
“Took delivery of the dual-fuel newbuilding VLGC/AC Areion in March 2026.”
“Delivery of the Areion in late March and sale of the 2015 built Cobra highlight our approach to fleet management.”