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Dorian LPG (LPG) Q2 FY2027 earnings: revenue $221 million, up 78.4% on the year

Dorian LPG Ltd. (LPG) reported revenue of $221 million for Q2 FY2027, the quarter ended 30 September 2026, up 78.4% on the same quarter a year earlier. Net income was $214 million, up 286.1% on the year, and diluted earnings per share $4.98. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$221 million
+78.4% on the year · +17.8% on the quarter
Q3 FY2025Q2 FY2027
Operating margin
97.3%
47.8% a year earlier
Q3 FY2025Q2 FY2027
Net income
$214 million
+286.1% on the year · +54.6% on the quarter
Q3 FY2025Q2 FY2027
Diluted EPS
$4.98
+283.1% on the year · +53.7% on the quarter
Q3 FY2025Q2 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 new.

  • Net income rose to $213.9 million: Diluted EPS was $4.98, against $1.30 a year earlier. Adjusted net income, which excludes a $63.6 million disposal gain and a $1.7 million derivative gain, was $148.5 million, or $3.46 per diluted share.
  • Revenue rose 78.4% on higher TCE rates: Revenues were $221.3 million, against $124.1 million a year earlier. Management cited higher average TCE rates as the main reason for the increase.
  • TCE rate up 80.5% year on year: Daily TCE per available day rose to $96,990 from $53,725. Management attributed the rise to higher spot rates, partly offset by higher bunker prices.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Revenue221188124+17.8%+78.4%
Operating income21514359.3+51.0%+263.1%
Operating margin97.3%75.9%47.8%
Net income21413855.4+54.6%+286.1%
Net margin96.6%73.6%44.6%
Diluted EPS$4.98$3.24$1.30+53.7%+283.1%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Operating cash flow20530.546.4+572.4%+341.5%
Cash from investing10980.5-13.3+35.8%
Cash from financing-77.6-96.2-42.7
Depreciation and amortisation15.817.617.9-10.4%-11.7%
Share-based compensation5.82.05.0+186.6%+16.7%
Buybacksn/an/a2.9
Dividends paid43.442.526.3+2.0%+64.8%
Dividend per share$1.00$1.00$0.600.0%+66.7%
Diluted shares, weighted43m43m43m+0.5%+0.7%
Shares outstanding at period end43m43m43m+0.4%+0.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Shareholders' equity1,4111,2371,067+14.1%+32.3%
Debt477508526-5.9%-9.3%
Operating lease liabilities84.294.1125-10.5%-32.6%
Other liabilities60.763.662.4-4.6%-2.7%
Total liabilities and equity2,0331,9021,780+6.9%+14.2%
Fixed assets1,0149971,170+1.8%-13.3%
Cash and equivalents579342268+69.2%+115.7%
Receivables3.53.62.4-2.8%+42.4%
Inventory2.42.62.4-8.7%-1.3%
Other assets434557337-22.0%+28.9%
Total assets2,0331,9021,780+6.9%+14.2%

Questions

What was Dorian LPG's revenue in Q2 FY2027?

Dorian LPG (LPG) reported revenue of $221 million for Q2 FY2027, the quarter ended 30 September 2026, up 78.4% on the same quarter a year earlier.

How much did Dorian LPG earn in Q2 FY2027?

Net income for Q2 FY2027 was $214 million, up 286.1% on the year, and diluted earnings per share $4.98.

When did Dorian LPG report Q2 FY2027 results?

Dorian LPG filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

Q3 FY2022Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026Q1 FY2027Q2 FY2027
Revenue68.679.676.876.010313411214516314111482.480.775.984.2124120153188221
Operating income22.637.528.928.157.583.855.680.511082.455.519.123.414.715.659.351.383.9143215
Operating margin33%47%38%37%56%63%50%56%68%58%49%23%29%19%19%48%43%55%76%97%
Net income16.635.424.820.351.376.051.776.5100.079.251.39.421.48.110.155.447.281.0138214
Net margin24%44%32%27%50%57%46%53%61%56%45%11%26%11%12%45%39%53%74%97%
Diluted EPS$0.41$0.88$0.62$0.51$1.27$1.89$1.28$1.89$2.47$1.96$1.25$0.22$0.50$0.19$0.24$1.30$1.11$1.90$3.24$4.98
Operating cash flow15.129.934.149.242.898.063.310070.615441.257.324.350.20.846.480.882.130.5205
Capital expenditure9.51.08.80.50.958.62.3n/an/an/an/an/an/an/an/an/an/an/an/an/a
Free cash flow5.629.025.348.741.939.460.9n/an/an/an/an/an/an/an/an/an/an/an/an/a
Buybacks0.50.01.00.70.00.00.32.40.11.2n/an/a0.0n/a1.82.9-0.02.3n/an/a
Dividends paid0.0n/a99.940.540.140.140.541.140.440.340.443.742.629.821.226.327.729.842.543.4
Shares outstanding40m40m40m40m40m40m40m41m41m41m43m43m43m43m43m43m43m43m43m43m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.