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Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. The company owns and operates twenty-five very large gas carriers. Dorian LPG Ltd. was incorporated in 2013 and is headquartered in Stamford, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $353M | $193M | $90M | $154M | 8.6% | -37.0% | -70.7% |
| 2024 | $561M | $414M | $307M | $356M | 30.0% | 43.9% | 78.3% |
| 2023 | $390M | $266M | $172M | $155M | 19.7% | 42.1% | 139.7% |
| 2022 | $274M | $158M | $72M | $96M | 7.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 274.22 | 389.75 | 560.72 | 353.34 |
| Cost Of Revenue | 161.23 | 161.70 | 195.48 | 200.65 |
| Gross Profit | 112.99 | 228.05 | 365.24 | 152.69 |
| Operating Expense | 27.85 | 29.68 | 36.41 | 40.04 |
| Operating Income | 85.14 | 198.36 | 328.83 | 112.64 |
| EBITDA | 158.19 | 265.87 | 414.12 | 192.98 |
| EBIT | 91.76 | 202.48 | 345.46 | 123.38 |
| Pretax Income | 71.94 | 172.44 | 307.45 | 90.17 |
| Net Income | 71.94 | 172.44 | 307.45 | 90.17 |
| Net Income Common Stockholders | 71.94 | 172.44 | 307.45 | 90.17 |
| Total Expenses | 189.08 | 191.39 | 231.89 | 240.70 |
| Interest Expense | 19.83 | 30.03 | 38.01 | 33.21 |
| Interest Income | 0.35 | 3.81 | 9.49 | 15.22 |
| Selling General And Administration | 30.23 | 32.09 | 39 | 42.63 |
| Normalized EBITDA | 143.32 | 259.33 | 406.62 | 193.45 |
| Normalized Income | 60.18 | 167.28 | 301.52 | 90.55 |
| Market Cap | 1,608.03 | 1,608.03 | 1,608.03 | 1,608.03 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Dorian LPG Ltd.this co. | LPG | $1.6B | 17.83↓ discount | 1.54 | 8.6% | 10.39 |
| Borr Drilling Limited | BORR | $1.9B | 36.06 | 1.54 | 3.7% | 7.79 |
| Kosmos Energy Ltd. | KOS | $1.8B | - | 2.77 | -132.4% | 9.70 |
| FLEX LNG Ltd. | FLNG | $1.7B | 23.13 | 2.40 | 10.4% | 12.95 |
| RPC, Inc. | RES | $1.7B | 55.27 | 1.61 |
| 2.9% |
| 7.43 |
| Helix Energy Solutions Group, Inc. | HLX | $1.5B | 47.26 | 0.92 | 2.0% | 7.82 |
| Navigator Holdings Ltd. | NVGS | $1.4B | 14.66 | 1.15 | 8.0% | 8.69 |
| ProFrac Holding Corp. | ACDC | $1.4B | - | 1.94 | -45.4% | 9.87 |
| NPK International Inc. | NPKI | $1.3B | 37.26 | 3.77 | 11.1% | 18.32 |
| Peer Median | - | 36.66 | 1.77 | 3.3% | 9.19 | |