Dorian LPG Ltd. Announces Forward Chartering Estimates for Quarter Ending March 31, 2026

Key Highlights

• Forward Chartering: Dorian LPG Ltd. has fixed approximately 99% of its calendar days for the quarter ending March 31, 2026, at a rate in excess of \$58,000 per day. This represents a significant level of revenue visibility and operational certainty for the upcoming quarter.
• Fleet Composition: The company operates a fleet of 28 modern Very Large Gas Carriers (VLGCs), which includes 6 dual-fuel ECO VLGCs, 20 ECO VLGCs, and 2 modern VLGCs. The modernity and efficiency of the fleet are important for both operational performance and environmental compliance.
• Global Operations: Dorian LPG has offices in Stamford, Connecticut (USA), Copenhagen (Denmark), and Athens (Greece), highlighting its global reach in LPG transportation.

Shareholder Information & Price-Sensitive Details

• Revenue Visibility: The advance fixing of 99% of calendar days at rates above \$58,000 per day for Q1 2026 provides shareholders with strong visibility into expected revenue and cash flow. This is a material update, as it suggests a robust demand environment and favorable chartering conditions.
• Forward-Looking Statements: The company stresses that these estimates are forward-looking and subject to risks, uncertainties, and potential adjustments. Shareholders should be aware that actual results may differ materially due to factors such as changes in operational capabilities, financial resources, or market conditions.
• Financial Statement Process: Dorian LPG has not finalized its financial statement closing process for the third quarter ended December 31, 2023. There may be adjustments to preliminary results, some of which could be material. Investors should monitor for updates as these could impact financial performance and share value.
• SEC Filings: The company refers investors to its annual and quarterly SEC filings for detailed risk factors and management’s discussion, reinforcing the importance of ongoing due diligence.

Forward-Looking Risks and Cautions

• Dorian LPG’s press release contains forward-looking statements based on current expectations, but the actual outcome may differ due to factors outside the company’s control.
• Risks include changes in financial resources, operational capabilities, market conditions, and other factors detailed in SEC filings.
• The information provided is preliminary and may be subject to material adjustments as the financial statement closing process is finalized.

Investor and Media Contacts

• Investor Contact: Ted Young, Chief Financial Officer, +1 (203) 674-9900, [email protected]
• Media Contact: Melissa Daly, MFD Communications, +1 (646) 322-9192, [email protected]

Conclusion

The announcement of forward chartering estimates at rates exceeding \$58,000 per day for nearly the entire fleet in Q1 2026 is a substantial development, providing strong visibility into future revenue and supporting the investment thesis for Dorian LPG Ltd. However, investors should remain cautious of potential risks and adjustments as outlined by the company, and monitor future updates and SEC filings for more information.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information is based on a company press release containing forward-looking statements and preliminary estimates, which may change and are subject to risks and uncertainties. Please consult official SEC filings and speak to your financial advisor before making any investment decisions.

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