LPG on NYSE
DORIAN LPG LTD.
DORIAN LPG LTD. is a Deep Sea Foreign Transportation of Freight company, listed on NYSE (LPG).1
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Last updated Oct 20, 2026.
Overview
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- TickerLPG on NYSE1
- IndustryDeep Sea Foreign Transportation of Freight1
- Headquarters1T1
- Incorporated inMarshall Islands3
- Business address27 Signal Road, Stamford, Ct 069023
- Filer categoryLarge accelerated filer3
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Dorian was incorporated on July 1, 2013 under the laws of the Republic of the Marshall Islands, is headquartered in the United States and is engaged in the transportation of LPG. Specifically, Dorian and its subsidiaries are focused on owning and operating VLGCs in the LPG shipping industry. Our founding executives have managed vessels in the LPG shipping market since 2002. As of May 22, 2026, our fleet consists of twenty-seven VLGCs, including one 93,000 cbm dual-fuel ECO-design Very Large Gas Carrier / Ammonia Carrier (“VLGC/AC”), one 84,000 cbm dual-fuel ECO-design VLGC; eighteen fuel-efficient 84,000 cbm ECO-design VLGCs, or our ECO VLGCs; one 82,000 cbm modern VLGC/AC; four time chartered-in dual fuel Panamax size VLGCs; one time chartered-in ECO Panamax VLGC, and one time chartered-in modern VLGC. The twenty-seven vessels in our fleet, including the six time chartered-in vessels, a…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
43.6%Operating margin2
40.2%Net margin2
36.3%Revenue growth, 20262
17.0%Return on equity2
0.40×Debt to equity2
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Other costs60¢$287.8M
- Profit40¢$193.7M
Out of $481.5M in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Dividends paid50¢$105.0M
- Share buybacks3¢$7.0M
- Kept or used elsewhere47¢$98.1M
Out of $210.1M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net pool revenues - related party | $474.9M | $341.4M | $532.9M |
| Time charter revenues | $8.3M | $25.9M | |
| Other revenues, net | $6.6M | $3.7M | $1.9M |
| Total revenues | $481.5M | $353.3M | $560.7M |
| Voyage expenses | $5.5M | $4.3M | $2.7M |
| Charter hire expenses | $61.0M | $41.4M | $43.7M |
| Profit sharing expenses | $1.7M | ||
| Vessel operating expenses | $81.0M | $85.4M | $80.5M |
| Depreciation and amortization | $71.7M | $69.6M | $68.7M |
| General and administrative expenses | $53.0M | $42.6M | $39.0M |
| Total expenses | $274.0M | $243.3M | $234.5M |
| Other income - related parties | $2.7M | $2.6M | $2.6M |
| Operating income | $210.2M | $112.6M | $328.8M |
| Interest and finance costs | -$29.2M | -$35.8M | -$40.5M |
| Interest income | $11.1M | $15.2M | $9.5M |
| Unrealized gain/(loss) on derivatives | -$1.2M | -$5.8M | $5.7K |
| Realized gain on derivatives | $1.8M | $5.3M | $7.5M |
| Other gain/(loss), net | $996.3K | -$1.4M | $2.1M |
| Total other expenses, net | -$16.5M | -$22.5M | -$21.4M |
| Net income | $193.7M | $90.2M | $307.4M |
| Basic | 42.5M shares | 42.1M shares | 40.3M shares |
| Diluted | 42.6M shares | 42.2M shares | 40.5M shares |
| Earnings per common share - basic | $4.55 | $2.14 | $7.63 |
| Earnings per common share - diluted | $4.54 | $2.14 | $7.60 |
| Period ending | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Total revenues | $153.3M | $120.0M | $124.1M | $84.2M | $75.9M | $80.7M | $82.4M | $114.4M |
| Operating income | $83.9M | $51.3M | $59.3M | $15.6M | $14.7M | $23.4M | $19.1M | $55.5M |
| Earnings per common share - basic | $1.91 | $1.11 | $1.30 | $0.24 | $0.19 | $0.50 | $0.22 | $1.25 |
| Earnings per common share - diluted | $1.90 | $1.11 | $1.30 | $0.24 | $0.19 | $0.50 | $0.22 | $1.25 |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $327.4M | $316.9M | $282.5M | |
| Trade receivables, net and accrued revenues | $2.0M | $1.4M | ||
| Due from related parties | $97.0M | $48.1M | ||
| Inventories | $2.4M | $2.5M | ||
| Prepaid expenses and other current assets | $21.3M | $13.5M | ||
| Total current assets | $450.3M | $382.4M | ||
| Vessels, net | $1.2B | $1.1B | ||
| Vessel under construction | $37.3M | |||
| Total fixed assets | $1.2B | $1.2B | ||
| Deferred charges, net | $25.0M | $17.2M | ||
| Derivative instruments | $2.3M | $3.5M | ||
| Due from related parties-non-current | $26.4M | $26.4M | ||
| Restricted cash-non-current | $79.8K | $76.0K | $75.8K | |
| Operating lease right-of-use assets | $148.7M | $159.2M | ||
| Other non-current assets | $3.0M | $2.8M | ||
| Total assets | $1.9B | $1.8B | ||
| Trade accounts payable | $8.0M | $11.5M | ||
| Accrued expenses | $11.3M | $5.4M | ||
| Due to related parties | $39.3K | |||
| Deferred income | $2.0M | $679.3K | ||
| Current portion of long-term operating lease liabilities | $46.7M | $34.8M | ||
| Current portion of long-term debt | $100.2M | $54.5M | ||
| Dividends payable | $700.4K | $915.1K | ||
| Total current liabilities | $168.8M | $107.9M | ||
| Long-term debt-net of current portion and deferred financing fees | $460.2M | $498.8M | ||
| Long-term operating lease liabilities | $102.1M | $124.4M | ||
| Other long-term liabilities | $1.6M | $1.5M | ||
| Total long-term liabilities | $563.9M | $624.7M | ||
| Total liabilities | $732.7M | $732.6M | ||
| Common stock, $0.01 par value, 450,000,000 shares authorized, 54,647,868 and 54,324,437 shares issued, 42,782,681 and 42,747,720 shares outstanding (net of treasury stock), as of March 31, 2026 and March 31, 2025, respectively | $546.5K | $543.2K | ||
| Additional paid-in-capital | $878.5M | $867.5M | ||
| Treasury stock, at cost; 11,865,187 and 11,576,717 shares as of March 31, 2026 and March 31, 2025, respectively | -$140.1M | -$133.1M | ||
| Retained earnings | $400.0M | $311.1M | ||
| Total shareholders' equity | $1.1B | $1.0B | $1.0B | $873.8M |
| Total liabilities and shareholders' equity | $1.9B | $1.8B | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 450.0M shares | 450.0M shares | ||
| Common stock, shares issued | 54.6M shares | 54.3M shares | ||
| Common stock, shares outstanding (net of treasury stock) | 42.8M shares | 42.7M shares | ||
| Treasury stock, shares at cost | 11.9M shares | 11.6M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $327.4M | $316.9M | $282.5M | |
| Trade receivables, net and accrued revenues | $2.0M | $1.4M | ||
| Due from related parties | $97.0M | $48.1M | ||
| Inventories | $2.4M | $2.5M | ||
| Prepaid expenses and other current assets | $21.3M | $13.5M | ||
| Total current assets | $450.3M | $382.4M | ||
| Vessels, net | $1.2B | $1.1B | ||
| Vessel under construction | $37.3M | |||
| Total fixed assets | $1.2B | $1.2B | ||
| Deferred charges, net | $25.0M | $17.2M | ||
| Derivative instruments | $2.3M | $3.5M | ||
| Due from related parties-non-current | $26.4M | $26.4M | ||
| Restricted cash-non-current | $79.8K | $76.0K | $75.8K | |
| Operating lease right-of-use assets | $148.7M | $159.2M | ||
| Other non-current assets | $3.0M | $2.8M | ||
| Total assets | $1.9B | $1.8B | ||
| Trade accounts payable | $8.0M | $11.5M | ||
| Accrued expenses | $11.3M | $5.4M | ||
| Due to related parties | $39.3K | |||
| Deferred income | $2.0M | $679.3K | ||
| Current portion of long-term operating lease liabilities | $46.7M | $34.8M | ||
| Current portion of long-term debt | $100.2M | $54.5M | ||
| Dividends payable | $700.4K | $915.1K | ||
| Total current liabilities | $168.8M | $107.9M | ||
| Long-term debt-net of current portion and deferred financing fees | $460.2M | $498.8M | ||
| Long-term operating lease liabilities | $102.1M | $124.4M | ||
| Other long-term liabilities | $1.6M | $1.5M | ||
| Total long-term liabilities | $563.9M | $624.7M | ||
| Total liabilities | $732.7M | $732.6M | ||
| Common stock, $0.01 par value, 450,000,000 shares authorized, 54,647,868 and 54,324,437 shares issued, 42,782,681 and 42,747,720 shares outstanding (net of treasury stock), as of March 31, 2026 and March 31, 2025, respectively | $546.5K | $543.2K | ||
| Additional paid-in-capital | $878.5M | $867.5M | ||
| Treasury stock, at cost; 11,865,187 and 11,576,717 shares as of March 31, 2026 and March 31, 2025, respectively | -$140.1M | -$133.1M | ||
| Retained earnings | $400.0M | $311.1M | ||
| Total shareholders' equity | $1.1B | $1.0B | $1.0B | $873.8M |
| Total liabilities and shareholders' equity | $1.9B | $1.8B | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 450.0M shares | 450.0M shares | ||
| Common stock, shares issued | 54.6M shares | 54.3M shares | ||
| Common stock, shares outstanding (net of treasury stock) | 42.8M shares | 42.7M shares | ||
| Treasury stock, shares at cost | 11.9M shares | 11.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net income | $193.7M | $90.2M | $307.4M |
| Depreciation and amortization | $71.7M | $69.6M | $68.7M |
| Non-cash lease expense | $40.5M | $32.5M | $29.1M |
| Amortization of financing costs | $1.1M | $1.2M | $1.2M |
| Unrealized loss/(gain) on derivatives | $1.2M | $5.8M | -$5.7K |
| Stock-based compensation expense | $11.0M | $10.4M | $8.3M |
| Unrealized foreign currency (gain)/loss, net | -$120.5K | -$18.2K | $285.3K |
| Other non-cash items, net | -$960.5K | $821.7K | -$3.2M |
| Trade receivables, inventories, prepaid expenses, and other current and non-current assets | -$7.5M | -$1.1M | -$926.4K |
| Due from related parties | -$48.9M | $3.2M | $16.3M |
| Operating lease liabilities - current and long-term | -$40.4M | -$32.5M | -$28.2M |
| Trade accounts payable | -$1.1M | -$35.3K | -$1.3M |
| Accrued expenses and other liabilities | $7.0M | $1.4M | -$1.3M |
| Due to related parties | -$39.3K | $32.1K | -$161.5K |
| Payments for drydocking costs | -$17.0M | -$8.5M | -$7.8M |
| Net cash provided by operating activities | $210.1M | $173.0M | $388.4M |
| Payments for vessels under construction and other capital expenditures for vessels | -$93.8M | -$18.9M | -$32.9M |
| Purchase of investment securities | -$213.6K | -$6.0M | |
| Proceeds from sale of investment securities | $4.0M | ||
| Proceeds from maturity of available-for-sale debt securities | $11.8M | ||
| Net cash used in investing activities | -$93.8M | -$7.4M | -$34.8M |
| Proceeds from long-term debt borrowings | $62.9M | ||
| Repayment of long-term debt borrowings | -$54.5M | -$53.0M | -$53.1M |
| Repurchase of common stock | -$7.0M | -$6.3M | -$3.9M |
| Financing costs paid | -$2.3M | -$407.5K | |
| Dividends paid | -$105.0M | -$156.4M | -$162.3M |
| Proceeds from common share issuances | $89.0M | ||
| Equity offering costs paid | -$4.6M | ||
| Net cash used in financing activities | -$105.9M | -$131.3M | -$219.7M |
| Effects of exchange rates on cash and cash equivalents | $135.9K | $7.5K | -$215.8K |
| Net increase in cash, cash equivalents, and restricted cash | $10.5M | $34.4M | $133.7M |
| Cash paid for interest, net of amounts capitalized | $27.0M | $32.8M | $37.9M |
| Cash paid for operating lease liabilities | $49.2M | $42.3M | $42.1M |
| Right of use assets recognized | $29.9M | $62.6M | |
| Unpaid lease liability upon initial recognition | $29.9M | $61.7M | |
| Capitalized drydocking costs included in liabilities | $484.2K | $2.7M | $1.2M |
| Vessel-related capital expenditures included in liabilities | $748.2K | $1.0M | $1.0M |
| Unpaid dividends included in liabilities | $700.4K | $915.1K | $1.1M |
| Financing costs included in liabilities | $811.3K | $663.6K | $663.6K |
No quarter-by-quarter statement was filed.
Corporate structure
DORIAN LPG LTD. sits at the top of its group. 34 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of DORIAN LPG LTD.
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on DORIAN LPG LTD., latest Jan 21, 2026 (5 filings since Feb 8, 2022)
- Pacer Advisors, Inc. Filed SCHEDULE 13G/A on DORIAN LPG LTD., latest May 2, 2025 (2 filings since May 2, 2025)
- John C. Hadjipateras Filed SC 13D/A on DORIAN LPG LTD., latest Jun 21, 2024 (3 filings since Mar 16, 2022)
- KENSICO CAPITAL MANAGEMENT CORP Filed SC 13D/A on DORIAN LPG LTD., latest Nov 8, 2022 (5 filings since Mar 22, 2022)
- DORIAN LPG LTD. 1T
- CJNP LPG Transport LLC Subsidiary · Marshall Islands
- CMNL LPG Transport LLC Subsidiary · Marshall Islands
- CNML LPG Transport LLC Subsidiary · Marshall Islands
- Comet LPG Transport LLC Subsidiary · Marshall Islands
- Commander LPG Transport LLC Subsidiary · Marshall Islands
- Concorde LPG Transport LLC Subsidiary · Marshall Islands
- Constellation LPG Transport LLC Subsidiary · Marshall Islands
- Corsair LPG Transport LLC Subsidiary · Marshall Islands
- Corvette LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Amsterdam LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Barcelona LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Cape Town LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Dubai LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Explorer LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Exporter LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Geneva LPG Transport LLC Subsidiary · Marshall Islands
- Dorian Houston LPG Transport LLC Subsidiary · Marshall Islands
- Dorian LPG (DK) ApS Subsidiary · Denmark
- Dorian LPG (UK) Ltd Subsidiary · United Kingdom
- Dorian LPG Ammonia Transport LLC Subsidiary · Marshall Islands
- Dorian LPG Chartering LLC Subsidiary · Marshall Islands
- Dorian LPG FFAS LLC Subsidiary · Marshall Islands
- Dorian LPG Finance LLC Subsidiary · Marshall Islands
- Dorian LPG Management Corp. Subsidiary · Marshall Islands
- Dorian LPG Nippon Lease LLC Subsidiary · Marshall Islands
- and 8 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What DORIAN LPG LTD. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $1.2B2 Mar 31, 2026 | $1.2B2 Mar 31, 2025 | +2.4% |
| Operating-lease assets (leased space) | $148.7M2 Mar 31, 2026 | $159.2M2 Mar 31, 2025 | −6.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $327.4M2 Mar 31, 2026 | $316.9M2 Mar 31, 2025 | +3.3% |
Inventory
Properties, in its own words
VLGCs are our principal physical properties and are more fully described in "Our Fleet" in "Item 1. Business." We do not own any real estate. Our principal corporate office locations are leased at 27 Signal Road, Stamford,
Connecticut, 06902, USA; Overgaden Oven Vandet 62A, 3rd Floor, 1415 Copenhagen, Denmark; and 24 Poseidonos Avenue, 17674, Kallithea, Greece.
Item 2 of the 10-K filed May 27, 2026.5
Leadership
Who has led DORIAN LPG LTD., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
20202025
- Chief executive officerJohn C. Hadjipateras Apr 1, 2015 to now14
- Chief executive officerJohn Lycouris Apr 1, 2015 to Dec 5, 202315
- PresidentJohn C. Hadjipateras Jul 16, 2015 to now16
- Chief financial officerTheodore B. Young Apr 1, 2015 to now17
- Chief operating officerAlexander C. Hadjipateras Aug 7, 2024 to now18
Board members and other officers (16)
- Head of Energy TransitionJohn Lycouris Aug 7, 2024 to now19
- Chief Commercial OfficerTim Truels Hansen Jun 22, 2020 to now20
- EVP at Dorian LPG (USA) LLCAlexander C. Hadjipateras Apr 1, 2015 to Jan 2, 202421
- Board memberChristopher J. Wiernicki May 6, 2026 to now22
- Board memberMark H. Ross Nov 4, 2024 to now23
- Board memberMarit Lunde May 26, 2023 to now24
- Board memberCharles Fabrikant Apr 1, 2015 to Apr 1, 201525
- Board memberDavid G. Savett Apr 1, 2015 to Apr 1, 201526
- Board memberEric Fabrikant Apr 1, 2015 to Apr 1, 201527
- Board memberJohn C. Hadjipateras Apr 1, 2015 to now14
- Board memberJohn Lycouris Apr 1, 2015 to now15
- Board memberNigel D. Widdowson Apr 1, 2015 to Apr 1, 201528
- Board memberOivind Lorentzen Apr 1, 2015 to now29
- Board memberTed Kalborg Apr 1, 2015 to now30
- Board memberThomas Malcolm McAvity Apr 1, 2015 to now31
- Board memberChristina Tan Sep 9, 2015 to now32
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- CJNP LPG Transport LLC Marshall Islands4
- CMNL LPG Transport LLC Marshall Islands4
- CNML LPG Transport LLC Marshall Islands4
- Comet LPG Transport LLC Marshall Islands4
- Commander LPG Transport LLC Marshall Islands4
- Concorde LPG Transport LLC Marshall Islands4
- Constellation LPG Transport LLC Marshall Islands4
- Corsair LPG Transport LLC Marshall Islands4
- Corvette LPG Transport LLC Marshall Islands4
- Dorian Amsterdam LPG Transport LLC Marshall Islands4
- Dorian Barcelona LPG Transport LLC Marshall Islands4
- Dorian Cape Town LPG Transport LLC Marshall Islands4
- Dorian Dubai LPG Transport LLC Marshall Islands4
- Dorian Explorer LPG Transport LLC Marshall Islands4
- Dorian Exporter LPG Transport LLC Marshall Islands4
- Dorian Geneva LPG Transport LLC Marshall Islands4
- Dorian Houston LPG Transport LLC Marshall Islands4
- Dorian LPG (DK) ApS Denmark4
- Dorian LPG (UK) Ltd United Kingdom4
- Dorian LPG Ammonia Transport LLC Marshall Islands4
- Dorian LPG Chartering LLC Marshall Islands4
- Dorian LPG FFAS LLC Marshall Islands4
- Dorian LPG Finance LLC Marshall Islands4
- Dorian LPG Management Corp. Marshall Islands4
All 33 listed subsidiaries
- Dorian LPG Nippon Lease LLC Marshall Islands4
- Dorian LPG US Lease Finance LLC Marshall Islands4
- Dorian Monaco LPG Transport LLC Marshall Islands4
- Dorian Sakura LPG Transport LLC Marshall Islands4
- Dorian Sao Paulo LPG Transport LLC Marshall Islands4
- Dorian Shanghai LPG Transport LLC Marshall Islands4
- Dorian Tokyo LPG Transport LLC Marshall Islands4
- Dorian Ulsan LPG Transport LLC Marshall Islands4
- Occident River Trading Limited United Kingdom4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 14, 20268-K Shareholder vote33
- Sep 4, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure34
- Aug 5, 20268-K Results of operations35
- Jul 30, 20268-K Executive or director change36
- Jul 16, 20268-K Regulation FD disclosure; Other events37
- Jun 23, 20268-K Regulation FD disclosure; Other events38
- May 20, 20268-K Results of operations39
- May 7, 20268-K Regulation FD disclosure40
- May 5, 20268-K Executive or director change41
- Mar 26, 20268-K Regulation FD disclosure42
- Feb 5, 20268-K Results of operations43
- Jan 30, 20268-K Results of operations; Regulation FD disclosure44
- Apr 1, 2015New chief executive John Lycouris becomes CEO15
- Apr 1, 2015New chief executive John C. Hadjipateras becomes CEO14
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/202645
When it reported results
- Aug 5, 2026Reported quarterly or annual results35
- May 20, 2026Reported quarterly or annual results39
- Feb 5, 2026Reported quarterly or annual results43
- Jan 30, 2026Reported quarterly or annual results44
- Nov 6, 2025Reported quarterly or annual results46
- Aug 1, 2025Reported quarterly or annual results47
- May 22, 2025Reported quarterly or annual results48
- May 15, 2025Reported quarterly or annual results49
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
333 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 68 major events, 188 insider forms, 20 large holders, 37 other. The latest 20:
- Sep 23, 20264 EDGAR
- Sep 18, 2026144 EDGAR
- Sep 17, 20264 EDGAR
- Sep 14, 20268-K EDGAR
- Sep 14, 20264 EDGAR
- Sep 11, 20264 EDGAR
- Sep 11, 20264 EDGAR
- Sep 11, 20264 EDGAR
- Sep 10, 2026144 EDGAR
- Sep 10, 2026144 EDGAR
- Sep 9, 2026144 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 2026144/A EDGAR
- Sep 8, 2026144 EDGAR
- Sep 4, 20268-K EDGAR
- Aug 13, 20264 EDGAR
- Aug 7, 20264 EDGAR
- Aug 7, 20264 EDGAR
- Aug 7, 20264 EDGAR
- Aug 7, 20264 EDGAR
The 333 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
121 open-market trades by officers, directors and large owners since October 2021: 5 buys and 116 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 21, 2026 | LORENTZEN OIVINDDirector | Sale | 20,000 | $56.81 | $1.1M | Form 4 |
| Sep 17, 2026 | Tan ChristinaDirector | Sale | 10,000 | $58.65 | $586.5K | Form 4 |
| Sep 11, 2026 | Lunde MaritDirector | Sale | 12,104 | $54.42 | $658.7K | Form 4 |
| Sep 10, 2026 | Young Theodore B.Chief Financial Officer | Sale | 11,919 | $54.50 | $649.6K | Form 4 |
| Sep 10, 2026 | Hadjipateras Alexander C.Chief Operating Officer | Sale | 5,000 | $54.13 | $270.6K | Form 4 |
| Sep 9, 2026 | Hansen Tim TruelsChief Commercial Officer | Sale | 50,000 | $53.12 | $2.7M | Form 4 |
| Sep 9, 2026 | Young Theodore B.Chief Financial Officer | Sale | 5,000 | $54.01 | $270.1K | Form 4 |
| Sep 8, 2026 | Young Theodore B.Chief Financial Officer | Sale | 9,081 | $53.25 | $483.6K | Form 4 |
| Aug 11, 2026 | Hansen Tim TruelsChief Commercial Officer | Sale | 25,000 | $45.04 | $1.1M | Form 4 |
| Jun 30, 2026 | Hansen Tim TruelsChief Commercial Officer | Sale | 20,000 | $35.38 | $707.6K | Form 4 |
| Jun 11, 2026 | Tan ChristinaDirector | Sale | 5,708 | $44.08 | $251.6K | Form 4 |
| May 22, 2026 | Kalborg TedDirector | Sale | 15,373 | $45.06 | $692.7K | Form 4 |
| Apr 9, 2026 | Lycouris JohnHead of Energy Transition | Sale | 7,000 | $35.72 | $250.0K | Form 4 |
| Apr 8, 2026 | Lycouris JohnHead of Energy Transition | Sale | 3,000 | $35.00 | $105.0K | Form 4 |
| Feb 18, 2026 | Young Theodore B.Chief Financial Officer | Sale | 10,000 | $34.84 | $348.4K | Form 4 |
| Feb 18, 2026 | Hansen Tim TruelsChief Commercial Officer | Sale | 35,000 | $35.19 | $1.2M | Form 4 |
| Jan 14, 2026 | Hansen Tim TruelsChief Commercial Officer | Sale | 25,000 | $28.85 | $721.2K | Form 4 |
| Jan 7, 2026 | HADJIPATERAS JOHN CPresident and CEO | Buy | 15,000 | $27.30 | $409.5K | Form 4 |
| Sep 16, 2025 | Hadjipateras Alexander C.Chief Operating Officer | Sale | 5,000 | $32.38 | $161.9K | Form 4 |
| Aug 27, 2025 | Hadjipateras Alexander C.Chief Operating Officer | Sale | 5,000 | $31.96 | $159.8K | Form 4 |
All 121 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 5 filings Feb 8, 2022 to Jan 21, 202650
- Pacer Advisors, Inc.SCHEDULE 13G/A, 2 filings May 2, 202551
- John C. HadjipaterasSC 13D/A, 3 filings Mar 16, 2022 to Jun 21, 202452
- KENSICO CAPITAL MANAGEMENT CORPSC 13D/A, 5 filings Mar 22, 2022 to Nov 8, 202253
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2026 | John C. Hadjipateras | 76 | $750.0K | $6.3M54 |
| 2026 | Tim T. Hansen | $644.2K | $4.5M54 | |
| 2026 | Theodore B. Young | $600.0K | $4.4M54 | |
| 2026 | John Lycouris | 76 | $600.0K | $4.2M54 |
| 2026 | Alexander C. Hadjipateras | $425.0K | $3.0M54 | |
| 2025 | PresidentChairman, | $750.0K | $5.3M54 | |
| 2025 | Treasurer and Chief Financial Officer | $600.0K | $2.4M54 | |
| 2025 | Chief Commercial Officer | $597.0K | $2.3M54 | |
| 2025 | Head of Energy Transition and | $600.0K | $2.3M54 | |
| 2025 | Chief Operating Officer, | $425.0K | $1.9M54 | |
| 2024 | and Chief Executive Officer | $650.0K | $4.3M54 | |
| 2024 | Chief Commercial Officer | $567.6K | $2.1M54 | |
| 2024 | Treasurer and Chief Financial Officer | $550.0K | $2.0M54 | |
| 2024 | Chief Executive OfficerDorian LPG (USA) LLC | $550.0K | $2.0M54 | |
| 2024 | Senior Executive VicePresident Dorian LPG (USA) LLC | $370.7K | $1.6M54 |
SEC filer profile
How DORIAN LPG LTD. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDORIAN LPG LTD.1
- CIK0001596993
- Employer ID (EIN)66-08182285
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMarshall Islands5
- Fiscal year endsMarch 311
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address27 Signal Road, Stamford, CT 069021
- Phone203-674-99001
- Shares outstanding42,782,681 as of Jul 30, 202612
- Public float$1.1B as of Sep 30, 20255
- AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceJan 21, 20141
- Filings862 in all: 4 (404), 8-K (151), 10-Q (34), SC 13D/A (34), SC 13G/A (26), 144 (23), 3 (22), 6-K (18)1
All 52 form types
425 (15), CORRESP (13), 10-K (12), UPLOAD (12), DEF 14A (11), DEFA14A (10), SC 13G (9), EFFECT (7), 3/A (4), F-1/A (4), SC 13D (4), 424B5 (3), 8-A12B (3), DRS (3), S-3 (3), SCHEDULE 13G/A (3), 10-K/A (2), 5 (2), F-1 (2), F-4/A (2), S-3/A (2), SC TO-I/A (2), 144/A (1), 15-12B (1), 20-F (1), 4/A (1), 424B3 (1), 424B4 (1), 6-K/A (1), 8-A12B/A (1), 8-K/A (1), ARS (1), AW (1), CERTNYS (1), CT ORDER (1), DEL AM (1), F-4 (1), NO ACT (1), NT 10-K (1), POS AM (1), PREC14A (1), S-3ASR (1), SC TO-I (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) May 27, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Jul 27, 2026
Latest 8-K (8-K) Sep 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.01 per share | LPG | New York Stock Exchange |
From the cover page of the 10-K filed May 27, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks DORIAN LPG LTD. names in Item 1A of its 10-K filed May 27, 2026: 58 risks under these headings, as written.5
- Risks Relating to Our Company
- We, and the Helios Pool, operate exclusively in the VLGC segment of the LPG shipping industry. Due to the general lack of industry diversification, adverse developments in the VLGC segment of the LPG shipping industry may adversely affect our business, financial condition and operating results.
- Seasonal and other fluctuations in respect of spot market charter rates have had in the past and may have in the future a negative effect on our revenues, results of operations and cash flows.
- We and/or our pool managers may not be able to successfully secure employment for our vessels or vessels in the Helios Pool, which could adversely affect our financial condition and results of operations.
- We face substantial competition in trying to expand relationships with existing customers and obtain new customers.
- We and the Helios Pool are subject to risks with respect to counterparties, and failure of such counterparties to meet their obligations could cause us to suffer losses or negatively impact our results of operations and cash flows.
- We expect to be dependent on a limited number of customers for a material part of our revenues, and failure of such customers to meet their obligations could cause us to suffer losses or negatively impact our results of operations and cash flows.
- Restrictions on VLGC transits and increased toll charges at the Panama Canal may have an adverse effect on our results of operations.
- Our indebtedness and financial obligations may adversely affect our operational flexibility and financial condition.
- Our existing and future debt and financing agreements contain and are expected to contain restrictive covenants that may limit our liquidity and corporate activities, which could have an adverse effect on our financial condition and results of operations.
- The market values of our vessels may decrease, which could cause us to breach covenants in our loan agreements or record an impairment loss, or negatively impact our ability to enter into future financing arrangements, and as a result could have a material adverse effect on our business, financial condition and results of operations.
- We have and may in the future selectively enter into derivative contracts, which can result in higher than market interest rates and charges against our income.
The other 47 risks
- Investments in forward freight derivative instruments could result in losses.
- Because we generate all of our revenues in U.S. dollars but incur a portion of our expenses in other currencies, exchange rate fluctuations could adversely affect our results of operations.
- If we fail to manage our growth properly, we may incur significant expenses and losses.
- An inability to effectively time investments in and divestments of vessels could prevent the implementation of our business strategy and negatively impact our results of operations and financial condition.
- If our fleet grows in size, we may need to update our operations and financial systems and recruit additional staff and crew; if we cannot adequately update these systems or recruit suitable employees, our business and results of operations may be adversely affected.
- We may be unable to attract and retain key management personnel and other employees in the shipping industry without incurring substantial expense, which may negatively affect the effectiveness of our management and our results of operations.
- Our directors and officers may in the future hold direct or indirect interests in companies that compete with us.
- We may be unable to procure adequate insurance coverage at commercially reasonable rates in the future.
- Because we obtain some of our insurance through protection and indemnity associations, we may be required to make additional premium payments.
- We may incur increasing costs for the drydocking, maintenance or replacement of our vessels as they age, and, as our vessels age, the risks associated with older vessels could adversely affect our ability to obtain profitable charters.
- If we purchase secondhand vessels, we may be exposed to increased costs which could adversely affect our earnings.
- Certain shareholders have a substantial ownership stake in us, and their interests could conflict with the interests of our other shareholders.
- United States tax authorities could treat us as a “passive foreign investment company,” or PFIC, which could have adverse United States federal income tax consequences to United States holders.
- We may have to pay tax on United States source shipping income, which would reduce our earnings.
- Changes in tax laws and unanticipated tax liabilities could materially and adversely affect the taxes we pay, results of operations and financial results.
- Risks Relating to Our Industry
- The cyclical nature of seaborne LPG transportation may lead to significant changes in charter rates, vessel availability and vessel values, which may adversely affect our revenues, profitability and financial condition.
- A shift in consumer demand from LPG towards other energy sources or changes to trade patterns may have a material adverse effect on our business.
- An oversupply of LPG shipping capacity may have an adverse effect on LPG freight rates, which could have a material adverse effect on the Company’s business, financial condition and results of operations.
- The market values of our vessels may fluctuate significantly. When the market values of our vessels are low, we may incur a loss on sale of a vessel or record an impairment charge, which may adversely affect our earnings and possibly lead to defaults under our loan agreements or under future loan agreements we may enter into.
- We are subject to a number of environmental laws, regulations and restrictions, which could require significant expenditures and adversely affect our financial conditions and results of operations.
- Increasing scrutiny and changing expectations from investors, lenders and other market participants with respect to our ESG policies may impose additional costs on us or expose us to additional risks.
- General economic, political and regulatory conditions, as well as the perceived impact of emissions by our vessels on the climate, may adversely impact our business, financial position and results of operations, as well as our future prospects.
- Future technological innovation could reduce our charter hire income and the value of our vessels.
- Changes in fuel, or bunker, prices may adversely affect profits.
- If our vessels call on ports located in countries or territories that are subject to sanctions or embargoes imposed by the United States or other authorities, it could lead to monetary fines or penalties and/or adversely affect our reputation and the market for our common shares.
- Our vessels are subject to periodic inspections.
- Maritime claimants could arrest our vessels, which could interrupt our cash flow.
- Governments could requisition our vessels during a period of war or emergency, resulting in loss of revenues.
- The operation of ocean-going vessels is inherently risky, and an incident resulting in significant loss or environmental consequences involving any of our vessels could harm our reputation and business.
- We may be subject to litigation that could have an adverse effect on our business and financial condition.
- Our operations outside the United States expose us to global risks, such as political instability, terrorism, war, international hostilities and acts of piracy, which may interfere with the operation of our vessels and have a material adverse impact on our operating results, revenues and costs.
- Outbreaks of epidemic and pandemic diseases and governmental responses thereto could adversely affect our business.
- Failure to comply with the U.S. Foreign Corrupt Practices Act, or FCPA, could result in fines, criminal penalties and an adverse effect on our business.
- If labor or other interruptions are not resolved in a timely manner, such interruptions could have a material adverse effect on our financial condition.
- The U.S. government’s Maritime Action Plan could result in new trade, regulatory or industrial policy measures affecting foreign-built vessels, which could increase our costs and affect our operations.
- Information technology failures and data security breaches, including as a result of cybersecurity attacks, could negatively impact our results of operations and financial condition, subject us to increased operating costs, and expose us to litigation.
- Geopolitical instability in Venezuela may result in short and long term effects on the oil market, and could adversely impact our business, financial position and results of operations.
- Risks Relating to Our Common Shares
- The price of our common shares has fluctuated in the past, has recently been volatile and may be volatile in the future, and as a result, investors in our common shares could incur substantial losses.
- In order to execute the Company’s strategy, we may require additional capital in the future, which may not be available.
- Although we have paid irregular dividends in the past, there can be no assurance that we will or will be able to pay any dividends in the future. A reduction in or elimination of dividends could cause investors in our common shares to incur substantial losses.
- Although we have initiated a stock repurchase program, we cannot assure you that we will continue to repurchase shares or that we will repurchase shares at favorable prices.
- We are a holding company and depend on the ability of our subsidiaries to distribute funds to us in order to satisfy our financial obligations and to make dividend payments.
- We may issue additional shares in the future, which could cause the market price of our common shares to decline.
- A future sale of common shares by our major shareholders may reduce the share price.
- We are incorporated in the Republic of the Marshall Islands, which does not have a well-developed body of corporate law and it may be difficult to enforce a United States judgment against us, our officers and our directors because we are a foreign corporation.
- As a Marshall Islands corporation and with some of our subsidiaries being Marshall Islands entities, our operations may be subject to economic substance requirements, which could impact our business.
- Our organizational documents contain anti-takeover provisions, which may make it difficult for our shareholders to replace or remove our current board of directors or have the effect of discouraging, delaying or preventing a merger or acquisition, which could adversely affect the market price of our common shares.
Legal proceedings
We have not been involved in any legal proceedings that we believe may have a material effect on our business, financial position, results of operations or liquidity, and we are not aware of any proceedings that are pending or threatened that may have a material effect on our business, financial position, results of operations or liquidity. From time to time we are and expect to be subject to legal proceedings and claims in the ordinary course of our business, such as personal injury and property casualty claims. These claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARDORIAN LPG LTD. filings on SEC EDGAR
- 2SEC EDGARDORIAN LPG LTD. 10-K for fiscal 2026
- 3SEC EDGARDORIAN LPG LTD. filings on SEC EDGAR
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- 5
- 6SEC EDGARDORIAN LPG LTD. 10-K for fiscal 2019
- 7SEC EDGARDORIAN LPG LTD. 10-K for fiscal 2020
- 8SEC EDGARDORIAN LPG LTD. 10-K for fiscal 2021
- 9SEC EDGARDORIAN LPG LTD. 10-K for fiscal 2022
- 10SEC EDGARDORIAN LPG LTD. 10-K for fiscal 2023
- 11SEC EDGARDORIAN LPG LTD. 10-Q for fiscal 2025
- 12SEC EDGARDORIAN LPG LTD. 10-Q for fiscal 2026
- 13SEC EDGARDORIAN LPG LTD. 10-K for fiscal 2019
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- 16SEC EDGARJohn C. Hadjipateras, President
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- 23SEC EDGARMark H. Ross, Board member
- 24SEC EDGARMarit Lunde, Board member
- 25SEC EDGARCharles Fabrikant, Board member
- 26SEC EDGARDavid G. Savett, Board member
- 27SEC EDGAREric Fabrikant, Board member
- 28SEC EDGARNigel D. Widdowson, Board member
- 29SEC EDGAROivind Lorentzen, Board member
- 30SEC EDGARTed Kalborg, Board member
- 31SEC EDGARThomas Malcolm McAvity, Board member
- 32SEC EDGARChristina Tan, Board member
- 33SEC EDGARShareholder vote
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- 35SEC EDGARResults of operations
- 36SEC EDGARExecutive or director change
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- 39SEC EDGARResults of operations
- 40SEC EDGARRegulation FD disclosure
- 41SEC EDGARExecutive or director change
- 42SEC EDGARRegulation FD disclosure
- 43SEC EDGARResults of operations
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- 45NasdaqNasdaq calendar
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