Dorian LPG (LPG) financial statements
Dorian LPG reported revenue of $482M in fiscal 2026, up 12.5% a year over 9 years.
Net income was $194M and the operating margin 43.6%, against 8.4% in 2017.
The diluted share count fell 21% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Dorian LPG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167M | $159M | $158M | $333M | $316M | $274M | $390M | $561M | $353M | $482M |
| Selling, general and admin | $22M | $26M | $24M | $23M | $34M | $30M | $32M | $39M | $43M | $53M |
| Operating income | $14M | $4M | -$8M | $161M | $116M | $92M | $198M | $329M | $113M | $210M |
| Interest expense | $29M | $36M | $37M | $32M | $22M | $27M | $38M | $40M | $36M | $29M |
| Net income | -$1M | -$20M | -$51M | $112M | $93M | $72M | $172M | $307M | $90M | $194M |
| EPS (diluted) | -$0.03 | -$0.38 | -$0.93 | $2.07 | $1.86 | $1.78 | $4.29 | $7.60 | $2.14 | $4.54 |
| Diluted shares | 54M | 54M | 55M | 54M | 50M | 40M | 40M | 40M | 42M | 43M |
| Operating margin | 8.4% | 2.4% | -5.0% | 48.3% | 36.7% | 33.7% | 50.9% | 58.6% | 31.9% | 43.6% |
| Net margin | -0.9% | -12.8% | -32.2% | 33.5% | 29.3% | 26.2% | 44.2% | 54.8% | 25.5% | 40.2% |
Balance sheet
Fiscal years, from Dorian LPG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $17M | $104M | $31M | $63M | $79M | $237M | $149M | $294M | $317M | $327M |
| Receivables | $11,030 | $336,162 | $1M | $820,846 | $202,221 | $853,060 | $3M | $659,567 | $1M | $2M |
| Inventory | $3M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $3M | $2M |
| Total current assets | $64M | $135M | $83M | $140M | $153M | $308M | $236M | $369M | $382M | $450M |
| Property, plant and equipment | $1.6B | $1.5B | $1.5B | $1.4B | $1.4B | $1.3B | $1.3B | $1.2B | $1.2B | $1.2B |
| Total assets | $1.7B | $1.7B | $1.6B | $1.7B | $1.6B | $1.6B | $1.7B | $1.8B | $1.8B | $1.9B |
| Total current liabilities | $86M | $82M | $79M | $85M | $82M | $95M | $95M | $102M | $108M | $169M |
| Long-term debt | $684M | $694M | $632M | $582M | $540M | $591M | $604M | $552M | $499M | $460M |
| Total liabilities | $770M | $777M | $713M | $695M | $635M | $687M | $835M | $814M | $733M | $733M |
| Shareholders' equity | $976M | $959M | $913M | $977M | $947M | $920M | $874M | $1.0B | $1.0B | $1.1B |
| Net debt | $733M | $656M | $665M | $587M | $512M | $426M | $509M | $323M | $236M | $233M |
Cash flow
Fiscal years, from Dorian LPG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $52M | $57M | $9M | $169M | $171M | $119M | $224M | $388M | $173M | $210M |
| Capital spending | $2M | $297,534 | $4M | $20M | $9M | $23M | $69M | — | — | — |
| Free cash flow | $50M | $57M | $5M | $149M | $161M | $96M | $155M | — | — | — |
| Stock-based compensation | $4M | $5M | $5M | $3M | $3M | $3M | $4M | $8M | $10M | $11M |
| Dividends paid | — | — | — | — | — | $80M | $221M | $162M | $156M | $105M |
| Share buybacks (net) | -$13M | -$1M | -$1M | -$51M | -$126M | -$21M | -$2M | -$4M | -$6M | -$7M |
| Net borrowing | -$66M | $9M | -$65M | -$64M | -$44M | $68M | -$6M | -$53M | -$53M | $8M |
| Free cash flow margin | 30.0% | 35.7% | 3.1% | 44.7% | 51.0% | 34.8% | 39.8% | — | — | — |
| Dividends per share | — | — | — | — | — | $1.98 | $5.49 | $4.01 | $3.70 | $2.46 |
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What was Dorian LPG's revenue in 2026?
$482M in fiscal 2026, from its 10-K filing.
From Dorian LPG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.