Dorian LPG Analysis (March 2026) | Price Target, Growth & Valuation

Dorian LPG

NYSE:LPG

$ 33,35

+ $0,02 (0,06%)

33,35 $

+$0,02 (0,06%)

End-of-day quote: 03/27/2026

Dorian LPG Stock Value

Analysts currently rate NYSE:LPG as Outperform.

Outperform

Dorian LPG Company Info

EPS Growth 5Y

-1,19%

Market Cap

$1,43 B

Long-Term Debt

$0,50 B

Short Interest

2,56%

Annual earnings

05/22/2026 (E)

Dividend

$3,20

Dividend Yield

9,60%

Founded

2013

Industry

Energy

Country

United States

ISIN Number

MHY2106R1100

Website

http://www.dorianlpg.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$38,50

15.44%

Last Update: 03/28/2026

Analysts: 4

Highest Price Target $41,00

Average Price Target $38,50

Lowest Price Target $26,50

In the last five quarters, Dorian LPG’s Price Target has fallen from $41,86 to $32,00 - a -23,55% decrease. Three analysts predict that Dorian LPG’s share price will increase in the coming year, reaching $38,50. This would represent an increase of 15,44%.

Top growth stocks in the energy sector (5Y.)

What does Dorian LPG do?

Dorian LPG Ltd. ('Dorian'), together with its subsidiaries, focuses on owning and operating very large gas carriers (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The company's fleet currently consists of twenty-five VLGCs, including one dual-fuel 84,000 cbm ECO-design VLGC, or the company's Dual-fuel ECO VLGC; nineteen fuel-efficient 84,000 cbm ECO-design VLGCs, or its ECO VLGCs; one 82,000 cbm modern VLGC; three time chartered-in dual-fuel Panamax size VLGCs; and one time cha...

Dorian LPG Ltd. ('Dorian'), together with its subsidiaries, focuses on owning and operating very large gas carriers (VLGCs) in the liquefied petroleum gas (LPG) shipping industry.

The company's fleet currently consists of twenty-five VLGCs, including one dual-fuel 84,000 cbm ECO-design VLGC, or the company's Dual-fuel ECO VLGC; nineteen fuel-efficient 84,000 cbm ECO-design VLGCs, or its ECO VLGCs; one 82,000 cbm modern VLGC; three time chartered-in dual-fuel Panamax size VLGCs; and one time chartered-in ECO Panamax VLGC. The twenty-five VLGCs in the company's fleet, including the four time chartered-in vessels, as of May 23, 2025, have an aggregate carrying capacity of approximately 2.1 million cbm and an average age of 8.9 years. On November 24, 2023, the company entered into an agreement for a newbuilding Very Large Gas Carrier / Ammonia Carrier ('VLGC/AC'), with a cargo carrying capacity of 93,000 cbm that can transport LPG or ammonia and is expected to be delivered from Hanwha Ocean Co. Ltd. in the second calendar quarter of 2026. The company provides in-house commercial services for all of its vessels, including its vessels deployed in the Helios Pool, which may also receive commercial management services from MOL Energia. Excluding the company's time chartered-in vessels, it provides in-house technical management services for all of its vessels, including those deployed in the Helios Pool.

Sixteen of the company's ECO VLGCs, including one of its time chartered-in ECO VLGCs, are fitted with scrubbers to reduce sulfur emissions. Vessels fitted with scrubbers allow the company to reduce its emissions and to burn less refined fuel, which is frequently cheaper than more refined, lower sulfur grades. When the cost of more refined fuel exceeds that of less refined fuel, the company is typically able to earn a higher TCE for spot voyages and to potentially contract time charters at higher rates compared to vessels without scrubbers. As of May 23, 2025, the Helios Pool operated twenty-eight VLGCs, including twenty-five vessels from the company's fleet and three MOL Energia vessels.

Customers

The company's customers, either directly or through the Helios Pool, include or have included global energy companies, such as Exxon Mobil Corp., Chevron Corp., China International United Petroleum & Chemicals Co., Ltd., Royal Dutch Shell plc, Equinor ASA, Total S.A., and Energy Transfer Partners, commodity traders, such as Glencore plc, Itochu Corporation, Bayegan Group, Gunvor Group, and the Vitol Group, and importers, such as E1 Corp., Indian Oil Corporation, SK Gas Co. Ltd., and Astomos Energy Corporation, or subsidiaries of the foregoing.

The company intends to continue to pursue a balanced chartering strategy by employing its vessels on a mix of multi-year time charters, some of which may include a profit-sharing component, shorter-term time charters, spot market voyages, and COAs. As of May 23, 2025, the company did not have a vessel on a fixed time charter outside of the Helios Pool, and three of the company's VLGCs are on Pool-TCO within the Helios Pool.

Competition

The company's largest competitors for VLGC shipping services include BW LPG Ltd., or BWLPG; Nippon Yusen Kabushiki Kaisha, or NYK Line; and Petredec Pte. Ltd., or Petredec.

Classification, Inspection and Maintenance

The company's technically managed VLGCs are currently classed with either Lloyd's Register, the American Bureau of Shipping, or ABS, or Det Norske Veritas, all members of the IACS. All of the vessels in its fleet have been awarded International Safety Management, or ISM, certification and are currently 'in class.'

The company also carries out inspections of the ships, including with a view towards compliance under the Ship Inspection Report Programme ('SIRE') and United States Coast Guard ('USCG') requirements, as applicable, on a regular basis; both at sea and while the vessels are in port.

Regulation

A variety of government and private entities subject the company's vessels to both scheduled and unscheduled inspections. These entities include the local port authorities (applicable national authorities, such as the USCG, harbor master, or equivalent), classification societies, flag state administrations (countries of registry), and charterers, particularly terminal operators.

The company relies upon the safety management system that it and the company's technical management team have developed for compliance with the ISM Code.

The company has obtained applicable documents of compliance for its offices and safety management certificates for all of its vessels for which the certificates are required by the International Maritime Organization, the United Nations agency for maritime safety and the prevention of pollution by vessels, or the IMO.

The IMO has also adopted the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers ('STCW').

Under Chapter IX of the International Convention for the Safety of Life at Sea of 1974 ('SOLAS Convention'), or the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention (the 'ISM Code'), the company's operations are also subject to environmental standards and requirements.

All of the company's vessels are in possession of the International Convention on Civil Liability for Oil Pollution Damage of 1969, as amended by different Protocols in 1976, 1984, and 1992, and amended in 2000 ('the CLC') State issued certificate attesting that the required insurance coverage is in force.

The company has obtained Anti-fouling System Certificates for all of its VLGCs that are subject to the Anti-fouling Convention.

With these rapid changes, compliance with any new requirements of the U.S. Oil Pollution Act of 1990 ('OPA') and future legislation or regulations applicable to the operation of the company's vessels could impact the cost of its operations and adversely affect its business.

The company complies and plans to comply going forward with the USCG's financial responsibility regulations by providing applicable certificates of financial responsibility.

The company has submitted NOIs for its vessels where required. Compliance with the U.S. Environmental Protection Agency ('EPA'), the U.S. Coast Guard, and state regulations could require the installation of ballast water treatment equipment on the company's vessels or the implementation of other port facility disposal procedures at potentially substantial cost, or may otherwise restrict its vessels from entering U.S. waters.

Any passage of climate control legislation or other regulatory initiatives by the IMO, the EU, the U.S., or other countries where the company operates, or any treaty adopted at the international level to succeed the Kyoto Protocol or Paris Agreement, that restricts emissions of greenhouse gases could require the company to make significant financial expenditures, which it cannot predict with certainty at this time. As of March 31, 2025, sixteen of the company's ECO-VLGCs, including one of its chartered-in ECO-VLGCs, were equipped with scrubbers, and the company had contractual commitments related to a scrubber on an additional VLGC as of March 31, 2024.

The company intends to comply with the various security measures addressed by the U.S. Maritime Transportation Security Act of 2002 ('MTSA'), the SOLAS Convention, and the International Ship and Port Facility Security Code ('the ISPS Code').

The EPA and the USCG have also enacted rules relating to ballast water discharge, compliance with which requires the installation of equipment on the company's vessels to treat ballast water before it is discharged, or the implementation of other port facility disposal arrangements or procedures at potentially substantial costs, and/or otherwise restrict the company's vessels from entering U.S. waters.

History

Dorian LPG Ltd. was founded in 2013. The company was incorporated in 2013 under the laws of the Republic of the Marshall Islands.

Dorian LPG Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Branch revenues:** - Shipping and transportation of liquefied petroleum gas (LPG) **TOP 3 markets and their percentage shares (estimated for 2026):** - **Asia:** approx. 45% - **Europe:** approx. 30% - **North America:** approx. 15% Dorian LPG Ltd. is mainly engaged in the transportation of liqu...

At which locations are the company’s products manufactured?

**Production Sites:** Global operation with a focus on shipping Dorian LPG Ltd. is a company specializing in the transportation of liquefied petroleum gas (LPG). It does not produce physical products in the traditional sense, but operates a fleet of VLGCs (Very Large Gas Carriers) that are deployed...

What strategy does Dorian LPG pursue for future growth?

**Current fleet size:** 22 VLGCs (Very Large Gas Carriers) (2023) **Dividend yield:** 8.5% (2023) **Current market position:** One of the leading providers in the LPG transportation sector (2023) Dorian LPG Ltd. pursues a growth strategy focusing on optimizing and expanding its fleet. The compa...

Which raw materials are imported and from which countries?

**Main commodity:** Liquefied Petroleum Gas (LPG) **Main importing countries:** USA, Qatar, United Arab Emirates Dorian LPG Ltd. is a leading company in the transportation of Liquefied Petroleum Gas (LPG). The main commodity the company works with is LPG, which it sources from various global marke...

How strong is the company’s competitive advantage?

**Market share:** 15% (estimated, 2026) **Fleet size:** 22 ships (2026) **EBITDA margin:** 55% (2025) Dorian LPG Ltd. is a leading company in the liquefied petroleum gas transportation sector, particularly through its modern and efficient fleet of VLGCs (Very Large Gas Carriers). The company&...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 70% (estimated, based on historical data 2023) **Insider Buys/Sells:** No significant transactions in the last year (estimated, based on historical trends) Dorian LPG Ltd. has traditionally had a high institutional investor share, indicating the trus...

What percentage market share does Dorian LPG have?

**Market share of Dorian LPG Ltd.:** Estimate: approx. 10% (2026) **Main competitors and their market share:** 1. BW LPG - approx. 15% 2. Avance Gas - approx. 12% 3. Navigator Holdings - approx. 11% 4. Dorian LPG Ltd. - approx. 10% 5. Exmar - approx. 8% **Moat of Dorian LPG Ltd.:** Dorian LPG Ltd...

Is Dorian LPG stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Fleet Utilization:** 95% (2025) Dorian LPG Ltd. recorded a revenue growth of 8.5% in 2025, attributed to increased demand for liquefied gas transports and efficient fleet utilization. The company was able to increase its fleet utiliz...

Does Dorian LPG pay a dividend – and how reliable is the payout?

**Dividend Yield:** 8.5% (2026, estimated) **Dividend History:** Regular payouts for several years Dorian LPG Ltd. has been regularly distributing dividends in recent years, indicating a certain level of reliability. The current dividend yield is estimated at 8.5%, which is attractive compared...

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Dorian LPG Stock Value

Dorian LPG Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Dorian LPG do?

Dorian LPG Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Dorian LPG Stock Value

Dorian LPG Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Dorian LPG do?

Dorian LPG Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.