Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36437 Dorian LPG Ltd. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Ident ...

Investors might want to bet on Dorian LPG (LPG) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Th ...

Dorian LPG Ltd. Announces Fourth Quarter and Fiscal Year 2024 Financial Results STAMFORD, Conn., May 22, 2024 – Dorian LPG Ltd. (NYSE: LPG) (the "Company," "Dorian LPG," "we," and "our"), a leading owner and operator of modern very large gas carriers ("VLGCs"), today reported its financial results for the three months and fiscal year ended March 31, 2024. Key Recent Development ◾ Declared an irregular dividend totaling $40.6 million to be paid on or about May 30, 2024. Exhibit 99.1 Highlights for the Fourth ...

Dorian LPG (LPG) ended the recent trading session at $43.29, demonstrating a +0.28% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.02% loss on the day. On the other hand, the Dow registered a loss of 0.21%, and the technology-centric Nasdaq increased by 0.29%. The liquified petroleum gas shipping company's shares have seen an increase of 9.71% over the last month, surpassing the Transportation sector's gain of 0.29% and the S&P 500's gain of 1.29%. Analysts and investors ...

Dorian LPG (LPG) ended the recent trading session at $42.27, demonstrating a +0.64% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 0.1%.The liquified petroleum gas shipping company's shares have seen an increase of 4.9% over the last month, surpassing the Transportation sector's loss of 4.1% and the S&P 500's loss of 0.35%.Analysts and i ...

Dorian LPG (LPG) ended the recent trading session at $41.10, demonstrating a -0.53% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.34%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.33%.Heading into today, shares of the liquified petroleum gas shipping company had gained 1.2% over the past month, outpacing the Transportation sector's loss of 10.34% and the S&P 500's loss of 4.05% in that time.The upcoming earnings release ...

In the latest market close, Dorian LPG (LPG) reached $41.81, with a +0.17% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.1%.Shares of the liquified petroleum gas shipping company witnessed a gain of 12.78% over the previous month, beating the performance of the Transportation sector with its loss of 6.69% and the S&P 500's loss of 3.01%.The ...

The latest trading session saw Dorian LPG (LPG) ending at $39.80, denoting a +0.86% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.88%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq decreased by 2.05%.The liquified petroleum gas shipping company's shares have seen an increase of 3.16% over the last month, surpassing the Transportation sector's loss of 5.27% and the S&P 500's loss of 2.57%.The investment communit ...

Financial Data and Key Metrics Changes - The company reported a record average TCE of $76,337 per operating day with a total utilization of 93.6%, yielding an adjusted TCE of about $71,431, marking the best result in the company's history [50][86] - The trailing 12-month net income was approximately $304 million, resulting in a 33.4% return on shareholders' equity, reflecting strong profitability [53] - The company declared a $1 per share dividend, bringing total dividends paid to $11.50 per share or nearly $465 million in aggregate since the IPO [87] Business Line Data and Key Metrics Changes - The Helios Pool achieved a spot TCE of $91,417 per day, the highest spot rate the pool has ever earned for a quarter [84] - The company has 5 vessels on time charter within the pool, indicating spot exposure of about 75% to 80% for the 27 vessels in the Helios Pool [66] Market Data and Key Metrics Changes - The company noted that U.S. inventory levels remain very high, which is expected to stabilize pricing as the worst coal season passes [11] - The market has seen a significant increase in LPG supply due to warm winter conditions, impacting U.S. export prices [70] Company Strategy and Development Direction - The company is focused on long-term solutions for decarbonization and has invested in scrubbers, with average daily net savings of about $3,000 per day from scrubber-fitted vessels [96] - The company is evaluating opportunities to upgrade existing ships to carry ammonia, with costs expected to be significantly less than $5 million when amortized over multiple ships [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the medium- to long-term prospects for the business despite acknowledging short-term volatility [76] - The company anticipates that the congestion in the Panama Canal will return to normal levels, which will positively impact operations [76] Other Important Information - The company has a strong cash position with an unrestricted cash balance of $215 million as of January 31, 2024 [82] - The company is committed to sustainability and has invested in technologies aimed at reducing carbon and methane emissions [99][100] Q&A Session Summary Question: Guidance on bookings to date - Management confirmed bookings in excess of 100,000 for over 60% of the quarter [2] Question: Factors driving the pullback in rates - Management noted that the market is currently at a lower point than last year, with expectations for a turnaround as the market stabilizes [6][23] Question: Impact of Red Sea tensions on VLGC trade - Management indicated that the impact is complex and difficult to predict due to ongoing geopolitical tensions [26] Question: Cost of upgrading vessels for ammonia - Management stated that the cost is expected to be significantly less than $5 million when amortized over multiple ships [30] Question: Current spot rates and cash breakeven levels - Management acknowledged that current spot rates are below cash breakeven levels, reflecting the volatility in the market [34]

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, 2023 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) | Marshall Islands ...