Dorian LPG

Dorian LPG reports an adjusted earnings per share for Q1 of fiscal 2027 of $2.52 (expectation $2.25) and revenue of $187.9m (expectation $169.94m). The company recorded a historic TCE revenue per available day of $75,926 and adjusted EBITDA of $165.4m. Management cites the effective closure of the Strait of Hormuz as the driver of the extraordinary freight rates, increases cash from ship sales to around $600m, and declares a special dividend of $1.00 per share. At the same time, Dorian warns that freight rates could normalize if the geopolitical situation eases, and is pursuing a conservative fleet renewal. » More on de.investing.com

Freight rates for gas tankers are rising sharply, benefiting Dorian LPG: the company has 99% of its LPG capacity booked at daily rates of more than $68,000. Dorian operates a gas tanker fleet, is building a new Panamax gas tanker and is selling three older units. Over four weeks the stock climbed by more than 22.5% against the backdrop of tensions in the Strait of Hormuz. » More on finanzen.net

Dorian LPG shares hit a new 52-week high of $40.33, delivering a total return of 99% over the past year and a 67% price gain year-to-date. The company announced a special dividend of $1.00 per share (about $42.8 million), payable around May 28, 2026, to shareholders of record on May 18, 2026. The board of directors was expanded with Christopher J. Wiernicki. Jefferies initiated coverage with a "Buy" rating and a $42.00 price target, while InvestingPro classifies the stock as overvalued. » More on de.investing.com