Dorian LPG orders three VLGCs as LPG stock gains 3.38 percent

Published on 10/01/2026 at 17:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 187.88 million in fiscal 2027 first quarter from USD 84.20 million. LPG stock costs EUR 50.15 on October 1, 2026 versus EUR 48.51.

LPG, MHY2106R1100, Illustration mit AI erstellt.

Dorian LPG (ISIN MHY2106R1100) ordered three dual-fuel VLGCs for USD 345.0 million on September 4, 2026, while LPG stock was trading at EUR 50.15 at Lang & Schwarz on October 1, 2026, plus 3.38 percent versus the prior close of EUR 48.51. Dorian LPG said the Hanwha Ocean vessels will be delivered in June, September and December 2030.

Three ships reshape fleet spending

The 90,000-cubic-meter Panamax carriers will use dual-fuel engines and shaft generators. The order expands a fleet that the company described as 25 modern VLGCs on September 4, 2026, with six dual-fuel ECO vessels, 17 ECO VLGCs and two modern VLGCs.

The same release said Dorian had fixed 99.00 percent of its calendar days for the quarter ending September 30, 2026, at rates exceeding USD 88,000 per day. That estimate gives investors a near-term operating benchmark, but it is not a reported revenue figure and excludes potential demurrage.

Revenue rises with freight rates

For the first quarter of fiscal 2027 ended June 30, 2026, revenue reached USD 187.88 million from USD 84.20 million a year earlier, while net income rose to USD 138.29 million from USD 10.08 million. StockTitan reported that diluted earnings per share were USD 3.24, compared with USD 0.24 in the prior-year quarter.

The operating result was USD 142.66 million in that quarter, and cash and cash equivalents stood at USD 342.14 million on June 30, 2026. The contrast between revenue growth and the sizeable newbuilding commitment highlights the shipping model's leverage to freight rates and fleet utilization.

Stock gains as rates stay elevated

At Lang & Schwarz, the intraday price was EUR 50.15 on October 1, 2026 at 5:39 p.m. CEST, up 3.38 percent from the prior close of EUR 48.51. On the NYSE, the stock was last at USD 56.30 on October 1, 2026 at 11:42 a.m. ET, with a market capitalization of USD 2.4 billion and a 52-week range of USD 23.76 to USD 59.97.

TradingView identifies Dorian LPG as an NYSE-listed marine shipping company and confirms ISIN MHY2106R1100. The stock's position below its USD 59.97 yearly high leaves freight-rate durability and financing discipline as the central measures for the next results update.