Dorian LPG (NYSE:LPG) Q3 2026 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsJohn Hadjipateras - CEOJohn Lycouris - Head of Energy TransitionTed Young - CFOTim Hansen - Chief Commercial OfficerConference Call ParticipantsCliment Molins - AnalystOmar Nokta - AnalystOperatorGood morning, and welcome to the Dorian LPG Q3 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder ...

Dorian LPG (NYSE:LPG) Q3 2026 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsJohn Hadjipateras - CEOJohn Lycouris - Head of Energy TransitionTed Young - CFOTim Hansen - Chief Commercial OfficerConference Call ParticipantsCliment Molins - AnalystOmar Nokta - AnalystOperatorGood morning, and welcome to the Dorian LPG third quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As ...

Financial Data and Key Metrics Changes - The company declared a dividend of $0.70 per share, totaling $29.9 million, marking the eighteenth dividend payment and bringing total dividends distributed to over $725 million since the IPO [4] - The reported adjusted EBITDA for the quarter was $74.2 million, with total cash interest expense of $6.8 million [10] - Free cash at the end of the quarter was $294.5 million, an increase of about $25 million from the prior quarter [11] - The debt balance at quarter end was $516 million, with a debt to total book capitalization ratio of 32.2% and net debt to total capitalization at 13.8% [11] Business Line Data and Key Metrics Changes - The TCE per available day achieved was $50,333, with the Helios pool earning a TCE of $50,500 per day for its spot and COA voyages [6][8] - Daily operating expenses for the quarter were $9,558, remaining flat compared to the prior quarter [9] - Time charter expenses for TCN vessels were $18.2 million, consistent with guidance [10] Market Data and Key Metrics Changes - Global seaborne LPG trade reached a new quarterly record of over 37 million tons, with North America exports hitting a record of more than 18.5 million tons [15] - The VLGC market remained strong, with spot earnings well above long-term mid-cycle despite some volatility [4] - The average Baltic Index was lower than the previous quarter, but upward momentum was observed heading into 2026 [20] Company Strategy and Development Direction - The company is committed to enhancing energy efficiency and sustainability, operating 16 scrubber-fitted vessels and 5 dual-fuel LPG vessels [21] - The company plans to maintain a balance between dividends, deleveraging, and fleet investment [14] - The delivery of a newbuilding ammonia-capable VLGC is expected at the end of March 2026, with a payment of about $62 million planned [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing strong production levels and a positive outlook for the year [35] - The company noted that geopolitical impacts on the world market are likely, but the attractiveness of LPG as a commodity supports the belief that risks can be mitigated [20] - Management highlighted the importance of regulatory changes and the company's preparedness to meet future requirements [24] Other Important Information - The company completed 12 dry dockings in the past year, with one more scheduled, resulting in cost savings and emission reductions [5] - The average Dorian LPG fleet AER for 2025 was 6.24%, which is 10.4% better than the IMO required target for that year [23] Q&A Session Summary Question: What is driving the counterseasonal strength in the spot market? - Management indicated that uncertainties in the previous quarter led to a backlog of cargoes, which contributed to the current strength in the market [34][35] Question: Can you provide details on the charter rate for the Chaparral? - Management refrained from disclosing specific rates but noted that the charter was done opportunistically and is comparable to spot market earnings [38] Question: How will the new building be financed? - The company plans to finance the remaining payment for the new building, with more details to be provided later [41] Question: What improvements have the energy-saving devices resulted in? - Energy-saving devices generally provide around a 5% improvement in efficiency, with payback typically within a year [48][50]

Investor Highlights February 2026 2 Investor Highlights – 3Q FY26 Earnings Baltic VLGC Index Performance Helios LPG Information Dorian LPG Operating Statistics 1 Disclaimer Forward-Looking Statements This presentation contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "will," "should," and ...

STAMFORD, Conn.--(BUSINESS WIRE)--Dorian LPG Ltd. (NYSE: LPG) (the "Company,†"Dorian LPG,†"we,†"us,†and "our†), a leading owner and operator of modern very large gas carriers ("VLGCs†), today reported its financial results for the three months ended December 31, 2025. Key Recent Development Declared an irregular dividend totaling approximately $29.9 million, or $0.70 per share, to be paid on or about on or about February 24, 2026 to all shareholders of record as of February 9, 2026. Highlig. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-36437 | Marshall Islands | 66-0818228 | | --- | --- | | (State or other jurisdiction of incorpo ...

Core Viewpoint - Dorian LPG Ltd. has declared an irregular cash dividend of $0.70 per share, returning approximately $29.9 million to shareholders [1] Financial Performance - The company will announce its financial results on February 5, 2026, prior to market opening [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 30, 2026 DORIAN LPG LTD. (Exact name of registrant as specified in its charter) Republic of the Marshall Islands 001-36437 66-0818228 (State or other jurisdiction of incorporation or organization) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR ...

SINGAPORE--(BUSINESS WIRE)--As a company registered in Singapore and listed on the Euronext Oslo Børs ("OSE†) and the New York Stock Exchange ("NYSE†), BW LPG Limited ("BW LPG†or the "Company†, OSE ticker code: "BWLPG†, NYSE ticker code: "BWLP†) is by default, subject to Singapore, U.S. and Norwegian take-over rules. The Company has been granted a waiver from the Singapore Code on Take-overs and Mergers (the "Singapore Code") and accordingly, the Company is currently subject to both U.S. and N. ...

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