Filing Flows › Dorian LPG (LPG) › Q2 FY27
Dorian LPG (LPG) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 5, 2026
Dorian LPG (LPG) reported revenue of $221M for the second quarter fiscal 2027 (Q2 FY27), +78% from a year earlier and +18% from the quarter before. Operating margin was 97.3%, net earnings $214M (96.6% of revenue).
Dorian LPG, Q2 FY27: revenue $221M (+78% year over year), operating margin 97.3%, net earnings $214M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | +18% | +78% |
| Operating profit | $215M | +51% | +263% |
| Net earnings | $214M | +55% | +286% |
| Operating cash flow | $205M | +572% | +342% |
| Free cash flow | $148M | +388% | +346% |
What changed
Revenue was $221.3M in Q2 FY27, up 78% year over year and up 18% from the previous quarter.
Operating profit was $215.5M, a 97.3% margin (up 49.5 points year over year). Of the extra revenue versus Q2 FY26, 160% reached operating profit, above the 48% margin then. Total costs fell 91% while revenue rose 78%. Net earnings were $213.9M, up 286% year over year. The effective tax rate was 0.0%.
Operating cash flow was $204.9M (up 342% year over year), 96% of net earnings. Non-cash charges added back $15.8M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $30.6M. Capital expenditures of $57.1M left free cash flow of $147.8M.
Questions
What was Dorian LPG's revenue in the second quarter fiscal 2027?
Dorian LPG (LPG) reported revenue of $221M for the second quarter fiscal 2027 (Q2 FY27), +78% from a year earlier and +18% from the quarter before.
Was Dorian LPG profitable in the second quarter fiscal 2027?
Operating profit was $215M (97.3% of revenue) and net earnings $214M.
Source: Dorian LPG 10-Q on SEC EDGAR.