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05.08.26 - 12:03
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Dorian LPG Ltd. Announces First Quarter Fiscal Year 2027 Financial Results (Business Wire)
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STAMFORD, Conn.--(BUSINESS WIRE)--Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months ended June 30, 2026.
Key Recent Developments
Declared an irregular cash dividend totaling approximately $42.8 million, or $1.00 per share, to be paid on or about August 12, 2026 to all shareholders of record as of July 27, 2026.
Prepaid $23.9 million of the BALCAP Facility's then outstanding principal related to the 2015-built VLGC Constellation in July 2026.
Completed the sale of our 2014-built VLGC Corsair and received proceeds net of commission of $80.8 million in July 2026.
Completed the sale of our 2015-built VLGC Constellation and received proceeds net of commission of $85.6 million in July 2026.
Highlights for the First Quarter Fiscal Year 2027
Revenues of $187.9 million.
Time Charter Equivalent (“TCE”)(1) rate per available d...
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