Dorian LPG Ltd. (LPG) Reports Q1 Fiscal 2026 Results

Dorian LPG Ltd. (NYSE:LPG) is included in our list of the 13 Hot Oil Stocks to Buy Now.

Dorian LPG Ltd. (LPG) Reports Q1 Fiscal 2026 Results

An aerial view of an oil rig in the mid-western United States, capturing the importance of the natural gas industry in the region.

On August 1, 2025, Dorian LPG Ltd. (NYSE:LPG) announced its results for Q1 fiscal 2026. On the same day, the company also declared an irregular cash dividend of $0.60 per share, returning about $25.6 million to shareholders, which is payable on August 27, to holders of record as of August 12.

In Q1, Dorian LPG Ltd. (NYSE:LPG) recorded a revenue drop of 26.4% YoY to $84.2 million, alongside net income of $10.1 million ($0.24 per diluted share). The net income decrease was attributed to lower TCE rates ($39,726/day vs. $50,243) and heavy drydocking. Meanwhile, adjusted EBITDA stood at $38.6 million.

Despite trade flow disruptions caused by geopolitical tensions, including U.S.-China LPG tariffs and Middle East conflicts, Dorian LPG Ltd. (NYSE:LPG) recorded strong bookings for the quarter. Looking ahead, the company remains cautiously optimistic due to limited fleet additions and resilient LPG trade fundamentals.

With its LPG tankers, Dorian LPG Ltd. (NYSE:LPG) owns and operates modern Very Large Gas Carriers (VLGCs). It is included in our list of the hot stocks to buy.

While we acknowledge the potential of LPG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LPG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best AI Stocks to Buy Under $3 and Bill Ackman Stock Portfolio: Top 10 Stock Picks.

Disclosure: None.