Filing Flows › Dorian LPG (LPG) › Q3 FY26
Dorian LPG (LPG) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Dorian LPG (LPG) reported revenue of $120M for the third quarter fiscal 2026 (Q3 FY26), +49% from a year earlier and -3% from the quarter before. Operating margin was 42.8%, net earnings $47.2M (39.3% of revenue).
Dorian LPG, Q3 FY26: revenue $120M (+49% year over year), operating margin 42.8%, net earnings $47.2M, operating cash flow $80.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | -3% | +49% |
| Operating profit | $51.3M | -14% | +119% |
| Net earnings | $47.2M | -15% | +121% |
| Operating cash flow | $80.8M | +74% | +233% |
| Free cash flow | $67.4M | — | +215% |
What changed
Revenue was $120.0M in Q3 FY26, up 49% year over year and down 3% from the previous quarter.
Operating profit was $51.3M, a 42.8% margin (up 13.8 points year over year). Of the extra revenue versus a year earlier, 71% reached operating profit, above the 29% margin then. Total costs grew 20% against revenue growth of 49%. The fastest-growing cost line was General & admin (+44%). Net earnings were $47.2M, up 121% year over year. The effective tax rate was 0.0%.
Operating cash flow was $80.8M (up 233% year over year), 171% of net earnings. Non-cash charges added back $18.1M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $13.4M. Capital expenditures of $13.4M left free cash flow of $67.4M.
Questions
What was Dorian LPG's revenue in the third quarter fiscal 2026?
Dorian LPG (LPG) reported revenue of $120M for the third quarter fiscal 2026 (Q3 FY26), +49% from a year earlier and -3% from the quarter before.
Was Dorian LPG profitable in the third quarter fiscal 2026?
Operating profit was $51.3M (42.8% of revenue) and net earnings $47.2M.
Source: Dorian LPG 10-Q on SEC EDGAR.