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 June 30, 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 Dorian LPG Ltd. (Exact name of registrant as specified in its charter) | | | Name of Each Exc ...

Core Viewpoint - DorianG reported significant underperformance in Q1 FY2026, with adjusted EPS of $0.27, missing the analyst target of $0.74, and GAAP revenue of $84.2 million, down $30.1 million year-over-year, reflecting pressures from lower shipping rates, reduced vessel availability, and increased operating expenses [1][2]. Financial Performance - Adjusted EPS for Q1 FY26 was $0.27, a decline of 78.6% from $1.26 in Q1 FY25 [2] - GAAP revenue was $84.2 million, down 26.4% from the previous year [2] - Adjusted EBITDA decreased by 50.6% to $38.6 million [2] - Time Charter Equivalent (TCE) rate fell to $39,726 per day, down 20.9% from $50,243 in Q1 FY25 [2] - Available vessel days decreased by 7.7%, from 2,260 in Q1 FY25 to 2,086 in Q1 FY26 [5] Operational Challenges - Revenue decline attributed to lower TCE rates and fewer available vessel days due to a heavy drydocking schedule [5] - General and administrative expenses surged by 62.2% year-over-year, primarily due to increased employee bonuses [6] - Vessel operating expenses rose by 7.0% to $21.9 million, driven by costs associated with drydocking and maintenance [6] Market Conditions - The Baltic Exchange LPG Index averaged $63.50 per metric ton in Q1 FY26, down from $72.67 in Q1 FY25, indicating lower freight rates [7] - Freight rate volatility and rerouted LPG trade flows due to U.S.-China tariffs and Middle East conflicts contributed to uncertainty in the market [7] Strategic Focus - DorianG operates a fleet of 26 modern Very Large Gas Carriers, focusing on fleet management, environmental compliance, and strategic partnerships [3] - The company is committed to maintaining a young, fuel-efficient fleet with emission-reducing technology [4] - The Helios Pool partnership represents approximately 97% of DorianG's revenues for FY2025, central to its business model [9] Future Outlook - Management did not provide formal financial guidance for the next quarter or full year but indicated a positive outlook for bookings early in Q2 FY26 [11] - Investors should monitor the company's ability to manage costs and scheduled drydockings, which will impact vessel availability and day rates [12]

Dorian LPG Ltd. (NYSE:LPG) Q1 2026 Earnings Call August 1, 2025 11:00 AM ET Company Participants John C. Hadjipateras - Chairman of the Board, President & CEO John C. Lycouris - Chief Executive Officer Taro Rasmussen - Corporate Participant Theodore B. Young - CFO, Treasurer and Principal Financial & Accounting Officer Conference Call Participants Omar Mostafa Nokta - Jefferies LLC, Research Division Operator Good morning, and welcome to the Dorian LPG First Quarter 2026 Earnings Conference Call. [Operator ...

Financial Data and Key Metrics Changes - The company reported a TCE per available day of $39,726, despite a heavy drydock schedule resulting in 195 days not available for revenue generation [11] - Adjusted EBITDA for the quarter was $38,600,000, but would have been $49,500,000 after adjustments for bonuses and dry docking expenses [14] - Free cash at the end of the quarter was reported at $278,000,000, with a debt balance of $543,500,000, resulting in a debt to total book capitalization of 34.4% [16] Business Line Data and Key Metrics Changes - The Helios Pool reported spot rates for the quarter of about $37,700, indicating strong performance in the charter out portfolio [11] - Daily OpEx for the quarter was $10,108, down from $11,001 in the previous quarter, with spares and stores costs leading the decline [12] Market Data and Key Metrics Changes - U.S. LPG exports continued a multi-year growth trend, supported by ongoing expansion at U.S. fractionation plants and export terminal capacity [7] - The Eastern market improved by approximately 46% over the quarter, while the Western market improved nearly 16% [26] Company Strategy and Development Direction - The company is focused on enhancing energy efficiency and sustainability, with plans to upgrade vessels to carry ammonia cargoes, enhancing commercial optionality [30] - The company aims to balance shareholder distributions, debt reduction, and fleet investment while maintaining a constructive market view [19] Management's Comments on Operating Environment and Future Outlook - Management noted that geopolitical tensions and tariff escalations have created a resilient market, with freight rates strengthening despite uncertainties [7][20] - The company expects continued positive market conditions due to limited new build deliveries and capacity expansion at U.S. Gulf terminals [26] Other Important Information - The company declared a dividend of $0.60 per share, totaling $25,600,000, reflecting a commitment to returning capital to shareholders [6] - The company has completed 10 of its 12 planned dry dockings for 2025, with two more expected to be completed in the upcoming quarter [8] Q&A Session Summary Question: What is driving the current market strength compared to last year? - Management attributed the market strength to the U.S.'s ability to produce and export NGLs, along with the industry's adaptability to trade barriers [36][38] Question: Why is the freight rate capturing a larger share of the export spread? - The increase in terminal capacity has allowed freight rates to capture a larger portion of the arbitrage compared to previous years [39][40] Question: What would happen if ethane trade in the U.S. were to stop? - Management indicated that ethane carriers would likely enter the VLGC market if ethane trade were halted, but they do not foresee this happening due to strong demand from China [48][49]

Financial Performance & Fleet Statistics - Fleet TCE / Available Day 为 $39,726[6] - Fleet OpEx (reported) / Calendar Day 为 $11,466[6] - Fleet OpEx (ex drydock) / Calendar Day 为 $10,108[6] - Helios Pool TCE / Available Day 为 $38,870[9] - Helios Pool Spot + COA TCE / Available Day 为 $37,718[9] - 公司拥有现金和限制性现金总额为 $278 million[7] - 公司总债务为 $543.5 million[8] - 截至2025年6月30日，公司净收入为 $10.082101 million，去年同期为 $51.288140 million[24] Environmental & Sustainability Initiatives - 公司有16艘安装了洗涤器的船舶和5艘双燃料LPG船舶[23] - Calendar 2Q25 (公司 1Q FY26) 洗涤器船舶每日节省的 HSFO 与 LSFO 之间的差额为 $813/日，扣除所有洗涤器运营支出后[23] Global Seaborne Volumes - 全球海运量环比增长3%，同比增长8%[16]

Exhibit 99.1 Dorian LPG Ltd. Declares Irregular Cash Dividend of $0.60 Per Share And Announces First Quarter Fiscal Year 2026 Financial Results Stamford, CT –August 1, 2025 – 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 announced that its Board of Directors has declared an irregular cash dividend of $0.60 per share of the Company's common stock, returning approximately $25.6 million of capita ...

The Netherlands, 30 July 2025 Vopak reports strong HY1 2025 results driven by a resilient portfolio and is increasing FY 2025 outlook  Key highlights HY1 2025 Improve Net profit -including exceptional items- in HY1 2025 of EUR 319 million and EPS of EUR 2.74, increased by 58% year-on-yearProportional EBITDA -excluding exceptional items1- in HY1 2025 of EUR 615 million an increase of 3% year-on-yearSuccessful listing of our joint venture AVTL in India, generated a EUR 111 million exceptional gainSuccessfully ...

Core Insights - Fusion Fuel Green PLC announced new projects through its subsidiary Al Shola Al Modea Gas Distribution LLC, focusing on liquefied petroleum gas (LPG) systems in Dubai, UAE [1][4] Project Details - The largest new projects are valued at over AED 1.9 million (approximately $517,000), including a 20-floor residential building with 722 apartments valued at AED 885,000 (approximately $241,000) and an 8-floor mixed-use development valued at AED 850,000 (approximately $232,000) [2] - Additional contracts have a total estimated value of approximately AED 200,000 (approximately $54,000), contributing significantly to Al Shola Gas's project pipeline [3] Market Demand - Since the beginning of 2025, Al Shola Gas has averaged between 580 and 630 metric tons (MT) of bulk LPG and 160 to 180 MT of LPG in cylinders per month, indicating strong demand for LPG in the UAE market [4] Strategic Outlook - The CEO of Fusion Fuel highlighted that these new orders enhance Al Shola Gas's market presence and support the company's strategy to grow its energy services platform in the Gulf region, with a fully booked engineering team for the next 18 months [4]

In the latest trading session, Dorian LPG (LPG) closed at $28.04, marking a -1.65% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%. Shares of the liquified petroleum gas shipping company witnessed a gain of 11.54% over the previous month, beating the performance of the Transportation sector with its gain of 3.95%, and the S&P 500's gain of 5.35%.Investors will be eage ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Dorian LPG (LPG) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Dorian LPG is one of 122 companies in the Transportation group. The Transportation group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and i ...