Dorian LPG reported a strong third quarter for 2026, achieving a TCE of $50,333 per available day and declaring a $0.70 per share dividend, reflecting robust cash flows and strategic fleet enhancements.
- Generated $74.2 million in adjusted EBITDA, with total free cash rising to $294.5 million.
- Achieved a TCE of $50,500 per day in the Helios Pool, with spot exposure on 90% of its fleet.
- Successfully completed 12 dry dockings this year, enhancing operational efficiency with energy-saving devices.
- Announced regular dividend payout of $0.70 per share, marking the 18th consecutive dividend and total return of over $961 million since the IPO.
- Maintained a healthy balance sheet with a debt-to-total capitalization ratio of 32.2% and net debt-to-total capitalization at 13.8%.
Community Discussion