Dorian LPG Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Mar 31, 2026 · FY), Dorian LPG Ltd reported revenue of $481.5M (+36.3% year on year) and net income of $193.7M (+114.8% year on year).
| Line item | Mar 31, 2026 · FY | Mar 31, 2025 · FY | Mar 31, 2024 · FY | Mar 31, 2023 · FY |
|---|---|---|---|---|
| Net pool revenues - related party | $474.9M | $341.4M | $532.9M | — |
| Other revenues, net | $6.6M | $3.7M | $1.9M | — |
| Total revenues | $481.5M | $353.3M | $560.7M | $389.7M |
| Voyage expenses | $5.5M | $4.3M | $2.7M | $3.6M |
| Charter hire expenses | $61.0M | $41.4M | $43.7M | $23.2M |
| Profit sharing expenses | $1.7M | — | — | — |
| Vessel operating expenses | $81.0M | $85.4M | $80.5M | $71.5M |
| Depreciation and amortization | $71.7M | $69.6M | $68.7M | $63.4M |
| General and administrative expenses | $53.0M | $42.6M | $39.0M | $32.1M |
| Total expenses | $274.0M | $243.3M | $234.5M | $193.8M |
| Other income - related parties | $2.7M | $2.6M | $2.6M | $2.4M |
| Operating income | $210.2M | $112.6M | $328.8M | $198.4M |
| Interest and finance costs | ($29.2M) | ($35.8M) | ($40.5M) | ($37.8M) |
| Interest income | $11.1M | $15.2M | $9.5M | $3.8M |
| Unrealized gain/(loss) on derivatives | ($1.2M) | ($5.8M) | $5.7K | $2.8M |
| Realized gain on derivatives | $1.8M | $5.3M | $7.5M | — |
| Other gain/(loss), net | $996.3K | ($1.4M) | $2.1M | $1.5M |
| Total other expenses, net | ($16.5M) | ($22.5M) | ($21.4M) | ($25.9M) |
| Net income | $193.7M | $90.2M | $307.4M | $172.4M |
| Basic | 42.5M | 42.1M | 40.3M | 40.0M |
| Diluted | 42.6M | 42.2M | 40.5M | 40.2M |
| Earnings per common share - basic | $4.55 | $2.14 | $7.63 | $4.31 |
| Earnings per common share - diluted | $4.54 | $2.14 | $7.60 | $4.29 |
| Line item | Jun 30, 2026 · Q1 | Dec 31, 2025 · Q3 | Sep 30, 2025 · Q2 | Jun 30, 2025 · Q1 |
|---|---|---|---|---|
| Net pool revenues - related party | $187.8M | $118.4M | $120.6M | $83.8M |
| Other revenues, net | $80.7K | $1.5M | $3.4M | $369.2K |
| Total revenues | $187.9M | $120.0M | $124.1M | $84.2M |
| Voyage expenses | $422.6K | $1.7M | $1.0M | $1.3M |
| Charter hire expenses | $22.6M | $18.2M | $13.7M | $10.7M |
| Profit sharing expenses | $1.7M | $659.3K | — | — |
| Vessel operating expenses | $20.1M | $19.9M | $20.7M | $21.9M |
| Depreciation and amortization | $17.6M | $18.1M | $17.9M | $18.4M |
| General and administrative expenses | $13.5M | $10.8M | $12.0M | $16.9M |
| Total expenses | $76.0M | $69.3M | $65.4M | $69.3M |
| Gain on disposal of vessel | $30.1M | — | — | — |
| Other income - related parties | $669.1K | $685.0K | $645.4K | $645.4K |
| Operating income | $142.7M | $51.3M | $59.3M | $15.6M |
| Interest and finance costs | ($8.7M) | ($7.1M) | ($7.6M) | ($7.7M) |
| Interest income | $3.0M | $2.7M | $3.0M | $2.8M |
| Unrealized gain/(loss) on derivatives | $933.0K | ($170.9K) | ($381.7K) | ($1.2M) |
| Realized gain on derivatives | $286.5K | $407.4K | $528.1K | $539.4K |
| Other gain/(loss), net | $116.3K | ($29.8K) | $493.2K | — |
| Total other expenses, net | ($4.4M) | ($4.1M) | ($4.0M) | ($5.5M) |
| Net income | $138.3M | $47.2M | $55.4M | $10.1M |
| Basic | 42.5M | 42.6M | 42.5M | 42.4M |
| Diluted | 42.7M | 42.6M | 42.6M | 42.5M |
| Earnings per common share - basic | $3.25 | $1.11 | $1.30 | $0.24 |
| Earnings per common share - diluted | $3.24 | $1.11 | $1.30 | $0.24 |
| Line item | Mar 31, 2026 · FY | Mar 31, 2025 · FY | Mar 31, 2024 · FY | Mar 31, 2023 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $327.4M | $316.9M | $282.5M | $148.8M |
| Trade receivables, net and accrued revenues | $2.0M | $1.4M | $659.6K | $3.3M |
| Due from related parties | $97.0M | $48.1M | $52.4M | $73.1M |
| Inventories | $2.4M | $2.5M | $2.4M | $2.6M |
| Prepaid expenses and other current assets | $21.3M | $13.5M | $14.3M | $8.5M |
| Total current assets | $450.3M | $382.4M | $368.9M | $236.3M |
| Vessels, net | $1.2B | — | $1.2B | $1.3B |
| Total fixed assets | $1.2B | $1.2B | $1.2B | $1.3B |
| Deferred charges, net | $25.0M | $17.2M | $12.5M | $8.4M |
| Derivative instruments | $2.3M | $3.5M | $5.1M | $9.3M |
| Due from related parties-non-current | $26.4M | $26.4M | $25.3M | $20.9M |
| Restricted cash-non-current | $79.8K | $76.0K | $75.8K | $76.4K |
| Operating lease right-of-use assets | $148.7M | $159.2M | $191.7M | $158.2M |
| Other non-current assets | $3.0M | $2.8M | $2.6M | $469.2K |
| Total assets | $1.9B | $1.8B | $1.8B | $1.7B |
| Trade accounts payable | $8.0M | $11.5M | $10.2M | $10.8M |
| Accrued expenses | $11.3M | $5.4M | $3.9M | $5.6M |
| Deferred income | $2.0M | $679.3K | $486.9K | $208.6K |
| Current portion of long-term operating lease liabilities | $46.7M | $34.8M | $32.5M | $23.4M |
| Current portion of long-term debt | $100.2M | $54.5M | $53.5M | $53.1M |
| Dividends payable | $700.4K | $915.1K | $1.1M | $1.3M |
| Total current liabilities | $168.8M | $107.9M | $101.8M | $94.6M |
| Long-term debt-net of current portion and deferred financing fees | $460.2M | $498.8M | $551.5M | $604.3M |
| Long-term operating lease liabilities | $102.1M | $124.4M | $159.2M | $134.8M |
| Other long-term liabilities | $1.6M | $1.5M | $1.5M | $1.4M |
| Total long-term liabilities | $563.9M | $624.7M | $712.3M | $740.5M |
| Total liabilities | $732.7M | $732.6M | $814.1M | $835.1M |
| 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 | 520.0K | 516.3K |
| Additional paid-in-capital | $878.5M | $867.5M | $772.7M | $764.4M |
| 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 | -126.8M | -122.9M |
| Retained earnings | $400.0M | $311.1M | $377.1M | $231.8M |
| Total shareholders' equity | $1.1B | $1.0B | $1.0B | $873.8M |
| Total liabilities and shareholders' equity | $1.9B | $1.8B | $1.8B | $1.7B |
| Line item | Jun 30, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $342.1M | $294.5M | $268.3M | $277.9M |
| Trade receivables, net and accrued revenues | $3.6M | $1.6M | $2.4M | $1.6M |
| Due from related parties | $190.4M | $71.7M | $89.6M | $74.8M |
| Inventories | $2.6M | $2.3M | $2.4M | $2.4M |
| Vessels held for sale | $156.4M | — | — | — |
| Prepaid expenses and other current assets | $23.9M | $22.2M | $19.1M | $15.0M |
| Total current assets | $719.1M | $392.3M | $381.9M | $371.7M |
| Vessels, net | $996.8M | $1.1B | $1.1B | $1.1B |
| Total fixed assets | $996.8M | $1.2B | $1.2B | $1.2B |
| Deferred charges, net | $19.0M | $25.1M | $23.9M | $21.4M |
| Derivative instruments | $3.3M | $1.8M | $1.9M | $2.3M |
| Due from related parties-non-current | $22.0M | $27.5M | $27.5M | $26.4M |
| Restricted cash-non-current | $79.4K | $81.4K | $81.4K | $81.5K |
| Operating lease right-of-use assets | $138.7M | $160.4M | $172.0M | $150.8M |
| Other non-current assets | $2.9M | $3.0M | $2.8M | $2.8M |
| Total assets | $1.9B | $1.8B | $1.8B | $1.7B |
| Trade accounts payable | $8.7M | $6.7M | $6.6M | $14.1M |
| Accrued expenses | $5.6M | $8.9M | $4.4M | $6.3M |
| Due to related parties | $558.0K | $240.7K | $1.6M | $277.5K |
| Deferred income | $1.9M | $501.2K | $560.6K | $620.1K |
| Current portion of long-term operating lease liabilities | $44.6M | $47.8M | $47.2M | $35.4M |
| Current portion of long-term debt | $158.7M | $97.7M | $54.2M | $54.1M |
| Dividends payable | $933.1K | $537.5K | $386.2K | $1.0M |
| Total current liabilities | $220.9M | $162.5M | $115.0M | $111.8M |
| Long-term debt-net of current portion and deferred financing fees | $348.9M | $415.4M | $472.2M | $485.5M |
| Long-term operating lease liabilities | $94.1M | $112.6M | $124.8M | $115.4M |
| Other long-term liabilities | $1.5M | $1.6M | $1.6M | $1.6M |
| Total long-term liabilities | $444.5M | $529.6M | $598.6M | $602.4M |
| Total liabilities | $665.3M | $692.1M | $713.6M | $714.3M |
| Common stock, $0.01 par value, 450,000,000 shares authorized, 54,647,868 and 54,647,868 shares issued, 42,782,681 and 42,782,681 shares outstanding (net of treasury stock), as of June 30, 2026 and March 31, 2026, respectively | 546.5K | 546.1K | 546.1K | 543.2K |
| Additional paid-in-capital | $880.6M | $876.3M | $874.2M | $869.3M |
| Treasury stock, at cost; 11,865,187 and 11,865,187 shares as of June 30, 2026 and March 31, 2026, respectively | -140.1M | -140.1M | -137.8M | -134.9M |
| Retained earnings | $495.5M | $348.9M | $329.6M | $299.9M |
| Total shareholders' equity | $1.2B | $1.1B | $1.1B | $1.0B |
| Total liabilities and shareholders' equity | $1.9B | $1.8B | $1.8B | $1.7B |
| Line item | Mar 31, 2026 · FY | Mar 31, 2025 · FY | Mar 31, 2024 · FY | Mar 31, 2023 · FY |
|---|---|---|---|---|
| Net income | $193.7M | $90.2M | $307.4M | $172.4M |
| Depreciation and amortization | $71.7M | $69.6M | $68.7M | $63.4M |
| Non-cash lease expense | $40.5M | $32.5M | $29.1M | $10.9M |
| Amortization of financing costs | $1.1M | $1.2M | $1.2M | $5.6M |
| Unrealized loss/(gain) on derivatives | $1.2M | $5.8M | ($5.7K) | ($2.8M) |
| Stock-based compensation expense | $11.0M | $10.4M | $8.3M | $4.3M |
| Unrealized foreign currency (gain)/loss, net | ($120.5K) | ($18.2K) | $285.3K | $921.3K |
| Other non-cash items, net | ($960.5K) | $821.7K | ($3.2M) | ($4.6M) |
| Trade receivables, inventories, prepaid expenses, and other current and non-current assets | ($7.5M) | ($1.1M) | ($926.4K) | ($2.4M) |
| Due from related parties | ($48.9M) | $3.2M | $16.3M | ($16.4M) |
| Operating lease liabilities - current and long-term | ($40.4M) | ($32.5M) | ($28.2M) | ($9.1M) |
| Trade accounts payable | ($1.1M) | ($35.3K) | ($1.3M) | $591.8K |
| Accrued expenses and other liabilities | $7.0M | $1.4M | ($1.3M) | $2.5M |
| Due to related parties | ($39.3K) | $32.1K | ($161.5K) | $131.4K |
| Payments for drydocking costs | ($17.0M) | ($8.5M) | ($7.8M) | ($1.2M) |
| Net cash provided by operating activities | $210.1M | $173.0M | $388.4M | $224.1M |
| Payments for vessels under construction and other capital expenditures for vessels | ($93.8M) | ($18.9M) | — | — |
| Net cash used in investing activities | ($93.8M) | ($7.4M) | ($34.8M) | ($76.3M) |
| Proceeds from long-term debt borrowings | $62.9M | — | — | $346.0M |
| Repayment of long-term debt borrowings | ($54.5M) | ($53.0M) | ($53.1M) | ($352.5M) |
| Repurchase of common stock | ($7.0M) | ($6.3M) | ($3.9M) | ($1.7M) |
| Financing costs paid | ($2.3M) | — | ($407.5K) | ($6.5M) |
| Dividends paid | ($105.0M) | ($156.4M) | ($162.3M) | ($220.6M) |
| Net cash used in financing activities | ($105.9M) | ($131.3M) | ($219.7M) | ($235.2M) |
| Effects of exchange rates on cash and cash equivalents | $135.9K | $7.5K | ($215.8K) | ($449.9K) |
| Net increase in cash, cash equivalents, and restricted cash | $10.5M | $34.4M | $133.7M | ($88.0M) |
| Cash, cash equivalents, and restricted cash at the beginning of the period | $317.0M | $282.6M | $148.9M | $236.8M |
| Cash, cash equivalents, and restricted cash at the end of the period | $327.5M | $317.0M | $282.6M | $148.9M |
| Cash paid for interest, net of amounts capitalized | $27.0M | $32.8M | $37.9M | — |
| Cash paid for operating lease liabilities | $49.2M | $42.3M | — | — |
| Right of use assets recognized | $29.9M | — | $62.6M | $163.3M |
| Unpaid lease liability upon initial recognition | $29.9M | — | — | — |
| Capitalized drydocking costs included in liabilities | $484.2K | $2.7M | $1.2M | $234.3K |
| Vessel-related capital expenditures included in liabilities | $748.2K | $1.0M | $1.0M | $1.3M |
| Unpaid dividends included in liabilities | $700.4K | $915.1K | $1.1M | $1.3M |
| Financing costs included in liabilities | $811.3K | $663.6K | $663.6K | $663.6K |
| Cash and cash equivalents | $327.4M | $316.9M | $282.5M | $148.8M |
| Restricted cash-non-current | $79.8K | $76.0K | $75.8K | $76.4K |
| Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows | $327.5M | $317.0M | $282.6M | $148.9M |
| Line item | Jun 30, 2026 · Q1 | Dec 31, 2025 · YTD | Sep 30, 2025 · YTD | Jun 30, 2025 · Q1 |
|---|---|---|---|---|
| Net income | $138.3M | $112.7M | $65.5M | $10.1M |
| Depreciation and amortization | $17.6M | $54.4M | $36.3M | $18.4M |
| Non-cash lease expense | $11.9M | $28.8M | $17.2M | $8.5M |
| Amortization of financing costs | $554.1K | $867.4K | $587.3K | $295.2K |
| Unrealized (gain)/loss on derivatives | ($933.0K) | $1.7M | $1.6M | $1.2M |
| Stock-based compensation expense | $2.0M | $8.8M | $6.7M | $1.8M |
| Gain on disposal of vessel | ($30.1M) | — | — | — |
| Unrealized foreign currency loss/(gain), net | $66.3K | ($182.2K) | ($216.4K) | ($241.0K) |
| Other non-cash items, net | ($188.9K) | ($421.7K) | ($553.1K) | $21.6K |
| Trade receivables, inventories, prepaid expenses, and other current and non-current assets | ($3.0M) | ($8.3M) | ($6.0M) | ($1.6M) |
| Due from related parties | ($90.0M) | ($24.7M) | ($42.6M) | ($26.7M) |
| Operating lease liabilities - current and long-term | ($11.9M) | ($28.7M) | ($17.1M) | ($8.5M) |
| Trade accounts payable | $1.7M | ($3.2M) | ($3.1M) | $1.1M |
| Accrued expenses and other liabilities | ($5.5M) | $743.6K | ($1.2M) | $357.0K |
| Due to related parties | $558.0K | $201.4K | $1.6M | $238.2K |
| Payments for drydocking costs | ($543.4K) | ($14.6M) | ($11.3M) | ($4.2M) |
| Net cash provided by operating activities | $30.5M | $128.0M | $47.2M | $814.5K |
| Payments for vessels under construction and other capital expenditures for vessels | ($181.5K) | ($29.7M) | ($16.3M) | ($3.1M) |
| Proceeds from disposal of vessels | $80.7M | — | — | — |
| Net cash provided by/(used in) investing activities | $80.5M | ($29.7M) | ($16.3M) | ($3.1M) |
| Repayment of long-term debt borrowings | ($53.4M) | ($41.0M) | ($27.4M) | ($14.0M) |
| Financing costs paid | ($276.7K) | — | — | — |
| Dividends paid | ($42.5M) | ($75.2M) | ($47.6M) | ($21.2M) |
| Net cash used in financing activities | ($96.2M) | ($120.9M) | ($79.7M) | ($37.0M) |
| Effects of exchange rates on cash and cash equivalents | ($57.0K) | $229.5K | $258.8K | $291.3K |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash | $14.7M | ($22.4M) | ($48.6M) | ($39.0M) |
| Cash, cash equivalents, and restricted cash at the beginning of the period | $327.5M | $317.0M | $317.0M | $317.0M |
| Cash, cash equivalents, and restricted cash at the end of the period | $342.2M | $294.6M | $268.4M | $278.0M |
| Cash paid for interest, net of amounts capitalized | $6.7M | $21.0M | $14.5M | $7.6M |
| Cash paid for operating lease liabilities | $13.9M | $35.3M | $21.5M | $10.7M |
| Right of use assets recognized | $1.8M | — | — | — |
| Unpaid lease liability upon initial recognition | $1.8M | — | — | — |
| Capitalized drydocking costs included in liabilities | $9.4K | $1.8M | $2.0M | $5.0M |
| Vessel-related capital expenditures included in liabilities | $187.3K | $494.1K | $15.4K | $620.9K |
| Unpaid dividends included in liabilities | $933.1K | $537.5K | $386.2K | $1.0M |
| Financing costs included in liabilities | $534.6K | $663.6K | $663.6K | $663.6K |
| Cash and cash equivalents | $342.1M | $294.5M | $268.3M | $277.9M |
| Restricted cash-non-current | $79.4K | $81.4K | $81.4K | $81.5K |
| Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows | $342.2M | $294.6M | $268.4M | $278.0M |
Dorian LPG Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.