# Dorian LPG Ltd. (LPG)

> Source: Nexqual · https://nexqual.com/LPG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Dorian LPG Ltd. (LPG), nexqual.com/LPG" · informational, not investment advice.

**Price:** USD 51.44 (-1.83% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 52.4 · day 50.8–52.23 · 52w 23.76–59.97 · market cap $2.20B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $585M, net income $322M (55.0% margin) (SEC filings).
- Valuation: P/E 6.8x (avg 7.7x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold LPG (13F, Q2 2026): 0 new, 2 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y +100.2% vs S&P 500 +14.9%; 5Y +817.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 2.7, revenue estimate $188M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $274M | $390M | $561M | $353M | $482M | $585M |
| Operating income | $92.4M | $198M | $329M | $113M | $210M | $337M |
| Net income | $71.9M | $172M | $307M | $90.2M | $194M | $322M |
| EPS (diluted) | $1.78 | $4.29 | $7.60 | $2.14 | $4.54 | — |
| Free cash flow | $95.5M | $155M | — | — | — | — |
| Operating margin | 33.7% | 50.9% | 58.6% | 31.9% | 43.6% | 57.6% |
| Net margin | 26.2% | 44.2% | 54.8% | 25.5% | 40.2% | 55.0% |
| Revenue growth | -13.2% | +42.1% | +43.9% | -37.0% | +36.3% | — |
| Cash + short-term investments | — | $149M | $294M | — | — | — |
| Total debt | $663M | $657M | $605M | $553M | $560M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 6.8x · P/S 3.8x · P/B 1.8x · Earnings yield 14.63% · Dividend yield (paid, TTM) 5.74%
P/E at fiscal year-ends: Mar 2026 7.5x, Mar 2025 10.5x, Mar 2024 5.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold LPG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Tweedy Browne |  | 0.11% | $1.4M | Added +12.5% |
| First Eagle Investment | First Eagle Investment Management | 0.03% | $19.5M | Added +41.6% |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +100.2% | +817.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +100.7% | +55.6% |
| Volatility (annualized) | 41.9% | 45.2% |
| Max drawdown | -27.1% (May 2026→Jun 2026) | -62.5% (May 2024→Mar 2025) |

## Peers (Oil & Gas Midstream)
GEL (Genesis Energy, L.P.) USD 13.9 -0.93% · GLP (Global Partners LP) USD 48.53 -0.80% · NAT (Nordic American Tankers Limited) USD 7.54 -0.53% · TEN (Tsakos Energy Navigation Ltd) USD 51.65 -1.39% · PBT (Permian Basin Royalty Trust) USD 33.27 -1.04% · FLNG (FLEX LNG Ltd.) USD 27.94 +0.04%

## More
Full page: https://nexqual.com/LPG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.70 | $2.42 | +11.6% | $188.4M | 3 |
| Next quarter (ends 2026-12-31) | $2.86 | $1.94 | +47.2% | $193.9M | 3 |
| Current fiscal year (ends 2027-03-31) | $8.85 | $7.05 | +25.4% | $691.0M | 4 |
| Next fiscal year (ends 2028-03-31) | $4.05 | $3.76 | +7.7% | $409.6M | 3 |