Dorian LPG (LPG)
Operates VLGCs carrying LPG through the Helios Pool and global charter markets.
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Transports LPG worldwide with owned and time-chartered-in VLGCs, earning mainly through vessels deployed in the Helios LPG Pool across spot voyages, contracts of affreightment, and time charters. Its single-segment model is closely tied to VLGC freight rates, trade routes, and vessel availability.
Transports liquefied petroleum gas worldwide using owned and time-chartered-in very large gas carriers, serving energy companies, commodity traders, and importers. Voyages link major export hubs in the United States and Arabian Gulf with markets in Asia and Europe.
Runs commercial management in-house and technical management for vessels other than those chartered in, while deploying the fleet through the Helios LPG Pool, spot voyages, contracts of affreightment, and time charters. Pool participants share net revenue under a formula tied to vessel characteristics.
Earnings depend on VLGC freight rates, vessel availability, charterer performance, trade flows, canal and strait access, fuel costs, and maritime environmental rules. Operations form a single reportable segment focused exclusively on international LPG transportation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 22, 2026 | Jefferies | Reiterate | Rating: —Target: $42 | Target: $55 |
| May 22, 2026 | Freedom Broker | Downgrade | ||
| Apr 24, 2026 | Jefferies | Target | Target: $25 | Target: $42 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $342.1M · Total debt $646.2M · Total assets $1.90B · Shareholders' equity $1.24B
- Revenue
- $187.9M
- Operating income
- $142.7M
- Net income
- $138.3M
HistoryDividendAnnual yield
| Institutions | ≈ 72.07% | 30.83M shares | |
|---|---|---|---|
| 289 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 29.42% | 12.59M shares | |
| 13 holders · as of Sep 17, 2026 | |||
| Adds to | 101.49% | ||
42.78M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 101.49%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.95% | 5.97M | as of Jun 30, 2026 |
John C. Hadjipateras1Insiderdirector, 10 percent owner, officer: President and CEO | 13.47% | 5.54M | filed Aug 7, 2026 |
Pacer US Small Cap Cash Cows ETFInsider | 9.64% | 4.12M | filed May 2, 2025 |
Dimensional Fund Advisors LPInstitution | 6.12% | 2.62M | as of Jun 30, 2026 |
ColemanInsider | 4.59% | 1.96M | filed Nov 8, 2022 |
- John C. Hadjipateras's transaction reports restate only vehicles that traded; the 2022 ownership statement (5.54M) plus the 227.7K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Christina Tan | director | −10,000 | $58.65 |
| Sep 11, 2026 | Marit Lunde | director | −12,104 | $54.42 |
| Sep 10, 2026 | Theodore B. Young | officer: Chief Financial Officer | −11,919 | $54.50 |
| Sep 9, 2026 | Tim Truels Hansen | officer: Chief Commercial Officer | −50,000 | $53.12 |
| Sep 10, 2026 | Alexander C. Hadjipateras | officer: Chief Operating Officer | −5,000 | $54.13 |
- BW LPG
Closest listed VLGC pure-play with larger LPG shipping scale
- Navigator Gas
Listed handysize gas carrier peer in LPG and ammonia trades
- StealthGas
Public LPG carrier owner focused on smaller gas vessels
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dorian LPG | $54.48 | −3.81% | $2.42B | 7.5 | 7.8 | 4.2 | +123.1% |
| BW LPG | $24.72 | −2.27% | $3.84B | 8.7 | 6.8 | 1.1 | +79.7% |
| Navigator Gas | $23.94 | −1.72% | $1.50B | 11.2 | 14.8 | 2.4 | +29.6% |
| StealthGas | $9.19 | −2.08% | $348.8M | 5.8 | 6.0 | 2.1 | −9.2% |
| Median | 8.7 | 6.8 | 2.1 | +29.6% |