Dorian LPG Ltd. (LPG)

Over the past six months, Dorian LPG's stock price has fluctuated, with a 32% increase relative to six months prior as of October 27, 2025. However, the stock price as of October 13, 2025, represented a 24.09% decline over the past year. In May 2025, Dorian LPG reported a miss on EPS and revenue for Q1 2025, but Q4 2025 earnings showed increased cash flow and adjusted EBITDA, with a dividend of $0.50 per share declared. Forward bookings for the quarter ending June 30, 2025, were promising, and insider selling activity has been noted.

Demand for LPG transportation services is seasonal, influenced by heating requirements in the Northern Hemisphere, with stronger markets in the fall and winter months. Unpredictable weather can disrupt vessel scheduling and commodity supply, impacting rates. While historically strong in winter, the LNG industry has become less dependent on seasonal transport due to new uses. The global LPG market has seen steady growth, driven by rising demand in emerging economies and cleaner fuel initiatives, with Asia being a leading import region and the U.S., Qatar, and UAE as major exporters.

Dorian LPG Ltd. is an international liquefied petroleum gas (LPG) shipping company focused on owning and operating Very Large Gas Carriers (VLGCs) for global LPG transport. The company operates in the Transportation sector, specifically Marine Shipping, and is categorized under Oil & Gas Transportation Services. Dorian LPG's fleet includes 25 modern VLGCs, including ECO-design and dual-fuel vessels, and the company provides in-house commercial and technical management services. Dorian LPG is upgrading vessels to carry ammonia cargo, with four VLGCs expected to have this capability, in addition to a newbuilding VLGC/ammonia carrier (VLGC/AC) delivering in 2026.

Dorian LPG operates globally, transporting liquefied petroleum gas worldwide. The company is headquartered in Stamford, Connecticut, USA, and maintains offices in Copenhagen, Denmark, and Athens, Greece. Dorian LPG is incorporated in the Republic of The Marshall Islands.

Dorian LPG has a reputation for operational excellence and sustainability in the LPG shipping industry, emphasizing safe, reliable, and clean transportation with high customer service standards. The company has been involved in initiatives to enhance operational efficiency and sustainability, including retrofitting vessels with scrubbers, adopting advanced digital tools, and investing in energy-saving devices. Dorian LPG is also an innovation member of the MIT Maritime Consortium, exploring data-powered strategies for reducing emissions and optimizing vessel operations.

Institutional investors hold approximately 63.50% to 65% of Dorian LPG Ltd.'s shares, with major holders including BlackRock, Inc. and Dimensional Fund Advisors LP. The general public holds about 27% to 29% of the stake. BW Group Ltd. is the largest individual and insider owner, holding 45.31% of the company, while John Hadjipateras, the Chairman of the Board, President, and CEO, holds about 4.7% to 4.8% of the company's stock.