Filing Flows › Dorian LPG (LPG) › Q4 FY26
Dorian LPG (LPG) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 27, 2026
Dorian LPG (LPG) reported revenue of $153M for the fourth quarter fiscal 2026 (Q4 FY26), +102% from a year earlier and +28% from the quarter before. Operating margin was 54.8%, net earnings $81.0M (52.9% of revenue).
Dorian LPG, Q4 FY26: revenue $153M (+102% year over year), operating margin 54.8%, net earnings $81.0M, operating cash flow $82.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $153M | +28% | +102% |
| Operating profit | $83.9M | +64% | +471% |
| Net earnings | $81.0M | +72% | +901% |
| Operating cash flow | $82.1M | +2% | +64% |
| Free cash flow | $18.0M | — | -51% |
What changed
Revenue was $153.3M in Q4 FY26, up 102% year over year and up 28% from the previous quarter.
Operating profit was $83.9M, a 54.8% margin (up 35.4 points year over year). Of the extra revenue versus Q4 FY25, 89% reached operating profit, above the 19% margin then. Total costs grew 13% against revenue growth of 102%. The fastest-growing cost line was General & admin (+61%). Net earnings were $81.0M, up 901% year over year. The effective tax rate was 0.0%.
Operating cash flow was $82.1M (up 64% year over year), 101% of net earnings. Non-cash charges added back $17.3M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $18.5M. Capital expenditures of $64.2M left free cash flow of $18.0M.
Questions
What was Dorian LPG's revenue in the fourth quarter fiscal 2026?
Dorian LPG (LPG) reported revenue of $153M for the fourth quarter fiscal 2026 (Q4 FY26), +102% from a year earlier and +28% from the quarter before.
Was Dorian LPG profitable in the fourth quarter fiscal 2026?
Operating profit was $83.9M (54.8% of revenue) and net earnings $81.0M.
Source: Dorian LPG 10-K on SEC EDGAR.