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EX-99.1

2 lpg-20260520xex99d1.htm

EX-99.1

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Exhibit 99.1

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Dorian LPG Ltd. Announces Fourth Quarter and Fiscal Year 2026 Financial Results

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STAMFORD, Conn., May 20, 2026 – Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months and fiscal year ended March 31, 2026.

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Key Recent Developments

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◾Declared an irregular cash dividend of $1.00 per share of the Company’s common stock totaling $42.8 million to be paid on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026.

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◾Prepaid $16.5 million of the 2023 A&R Debt Facility, the proportion related to the 2016-built VLGC Cobra.

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◾On May 6, 2026, we completed the sale of the 2016-built VLGC Cobra, receiving proceeds net of commissions and fees of $81.9 million.

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Highlights for the Fourth Quarter Ended March 31, 2026

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◾Revenues of $153.3 million.

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◾Time charter equivalent (“TCE”)(1) per available day rate for our fleet of $63,615.

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◾Net income of $81.0 million, or $1.90 earnings per diluted share (“EPS”), and adjusted net income(1) of $80.4 million, or $1.89 adjusted diluted earnings per share (“adjusted EPS”)(1).

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◾Adjusted EBITDA(1) of $106.6 million.

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◾Took delivery of the dual-fuel newbuilding VLGC/AC Areion in March 2026.

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◾Entered into a $62.9 million debt financing facility (the "Areion Facility") to finance the final delivery payment and other fees and expenses associated with the delivery of our VLGC/AC Areion.

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◾Declared and paid an irregular dividend totaling $29.9 million in February 2026.

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Highlights for the Fiscal Year Ended March 31, 2026

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◾Revenues of $481.5 million.

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◾TCE(1) per available day rate for our fleet of $52,238.

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◾Net income of $193.7 million, or $4.54 EPS, and adjusted net income(1) of $194.8 million, or $4.57 adjusted EPS(1).

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◾Adjusted EBITDA(1) of $305.1 million.

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◾Declared and paid four irregular dividends totaling $104.7 million.

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(1)TCE, adjusted net income, adjusted EPS and adjusted EBITDA are non-U.S. GAAP measures. Refer to the reconciliation of revenues to TCE, net income to adjusted net income, EPS to adjusted EPS and net income to adjusted EBITDA included in this press release under the heading “Financial Information.”

1

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John Hadjipateras, Chairman, President, and Chief Executive Officer of the Company, commented, “Our strong results for the quarter reflect a healthy freight market and the dedication of our seagoing and shore side employees. Fortunately, none of our people or ships are in the Middle East Gulf. The delivery of the Areion in late March and the sale of the 2015 built Cobra highlight our approach to fleet management. We are optimistic about the prospects of the freight market while cautious of the uncertainty posed by fast evolving geopolitical events. Our declaration of a $1.00 per share irregular dividend reflects our confidence in the long-term sustainability of LPG demand and our company’s prudent approach to capital allocation.”

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Fourth Quarter Fiscal Year 2026 Results Summary

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Our net income amounted to $81.0 million, or $1.90 per share, for the three months ended March 31, 2026, compared to net income of $8.1 million, or $0.19 per share, for the three months ended March 31, 2025.

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Our adjusted net income amounted to $80.4 million, or $1.89 per share, for the three months ended March 31, 2026, compared to adjusted net income of $10.7 million, or $0.25 per share, for the three months ended March 31, 2025. We have adjusted our net income for the three months ended March 31, 2026 for an unrealized gain on derivative instruments of $0.6 million and we adjusted our net income for the three months ended March 31, 2025 for an unrealized loss on derivative instruments of $2.6 million. Please refer to the reconciliation of net income to adjusted net income, which appears later in this press release.

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The $69.7 million increase in adjusted net income for the three months ended March 31, 2026 compared to the three months ended March 31, 2025 is primarily attributable to (i) increases of $77.4 million in revenues, $0.8 million in other gain/(loss) net; and $0.1 million in other income related parties; (ii) decreases of $5.3 million in vessel operating expenses, $1.1 million in interest and finance costs; $0.3 million in depreciation and amortization expenses, and $0.3 million in voyage expenses; partially offset by (i) increases of $8.1 million in charter hire expenses, $5.0 million in general and administrative expenses, and $1.1 million in profit sharing expenses, and; (ii) a decreases of $0.8 million in realized gain on derivatives and $0.6 million in interest income.

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The TCE rate for our fleet was $63,615 for the three months ended March 31, 2026, an 80.1% increase from the $35,324 TCE rate for the same period in the prior year, as further d

DORIAN LPG LTD._February 5, 2026 false000159699300015969932026-02-052026-02-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 ​

FORM 8-K

​ ​

CURRENT REPORT

​ Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ ​ Date of Report (Date of earliest event reported): February 5, 2026 ​ ​

DORIAN LPG LTD.

(Exact name of registrant as specified in its charter)

Republic of the Marshall Islands 001-36437 66-0818228

(State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS employer identification no.)

c/o Dorian LPG (USA) LLC, 27 Signal Road, Stamford, Connecticut

06902

(Address of principal executive offices)

(Zip Code)

​ (Registrant's telephone number, including area code): (203) 674-9900 ​ ​ (Former Name or Former Address, if Changed Since Last Report): None ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ​ ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock, par value $0.01 per share ​ LPG ​ New York Stock Exchange ​

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​

Item 2.02 Results of Operations and Financial Condition ​ On February 5, 2026, Dorian LPG Ltd. (the “Company”) issued a press release (the “Press Release”) relating to its financial results for the quarterly period ended December 31, 2025. A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. ​ In accordance with General Instruction B.2 to Form 8-K, the information under this Item 2.02 and the Press Release shall be deemed to be “furnished” to the Securities and Exchange Commission (the “SEC”) and not be deemed to be “filed” with the SEC for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. ​ ​ Item 9.01. Financial Statements and Exhibits ​ (d)Exhibits ​

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Exhibit Number ​ Description

99.1 ​ Press Release dated February 5, 2026

104 ​ Cover Page Interactive Data File (embedded within the Inline XBRL document)

​ ​

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ​ ​ ​ ​ ​ ​ ​ February 5, 2026

DORIAN LPG LTD.

​ ​ ​

(registrant)

By: /s/ Theodore B. Young

Theodore B. Young

Chief Financial Officer

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