Top 5 LPG Shipping Companies in the World

In this piece, we will take a look at the five LPG shipping companies in the world. If you want to skip our industry introduction and jump ahead to the top five firms in the list, then take a look at Top 10 LPG Shipping Companies in the World.

5. Dorian LPG Ltd. (NYSE:LPG)

Revenue as of 2021: $274 million

Dorian LPG Ltd. (NYSE:LPG) is a pure play LPG carrier that is headquartered in Stamford, Connecticut, the United States. The firm operates only very large gas carriers (VLGCs), and it has 22 of these ships in its fleet.

Dorian LPG Ltd. (NYSE:LPG) is one of the strongest performing stocks on the market this year, as the firm’s shares have appreciated by a whopping 42% year to date. This is due to share repurchases and market sentiment, as the firm has repurchased more than one fifth of its shares this year, and the strong demand for tankers has injected fresh sentiment into its fortunes. The firm also announced an additional $100 million of share buybacks in its third fiscal quarter, and Dorian LPG Ltd. (NYSE:LPG) is also expected to post a 10% dividend yield in the near term future.

Dorian LPG Ltd. (NYSE:LPG)’s free cash flow yield has ranged between 16% and 26% during its fiscal years 2020 and 2022, indicating a strong ability to generate cash that is readily available to investors – a crucial fact when its strong dividend payouts are also considered. Additionally, the firm does not have a fixed dividend policy, but an irregular one. As part of this, its latest dividend announcement came in October 2022, when it announced a $1 payout per share, payable in December to shareholders of record in November.

Dorian LPG Ltd. (NYSE:LPG)’s largest investor in our database of 895 hedge funds is Michael Lowenstein Kensico Capital which owns 2.8 million shares that are worth $42 million.