Dorian LPG Ltd. (NYSE: LPG), a leading owner and operator of very large gas carriers, saw its stock plummet 5.12% in pre-market trading on Thursday following the release of its fourth-quarter fiscal year 2025 financial results. The company's performance fell significantly short of analyst expectations, raising concerns among investors about its near-term prospects.

For the quarter ended March 31, 2025, Dorian LPG reported revenues of $75.9 million, marking a steep 46.33% decline from $141.4 million in the same period last year. The company's adjusted earnings per share (EPS) came in at $0.25, missing the analyst consensus estimate of $0.75 by a wide margin of 66.67%. This represents an 86.91% decrease from the $1.91 per share reported in the fourth quarter of the previous year. Net income for the quarter stood at $8.1 million, or $0.19 per share, down from $79.2 million, or $1.96 per share, in the prior-year period.

Despite the disappointing results, Dorian LPG announced an irregular cash dividend of $0.50 per share, totaling $21.3 million, to be paid on or about May 30, 2025, to shareholders of record as of May 16, 2025. The company emphasized its focus on shareholder returns and maintaining a strong balance sheet, which may provide some comfort to long-term investors. However, the significant underperformance in both earnings and revenue has clearly spooked the market, leading to the pre-market plunge. Investors will be closely watching for any guidance or commentary from management regarding the company's strategy to navigate the challenging market conditions and improve its financial performance in the coming quarters.