Dorian LPG Ltd. (NYSE: LPG) shares tumbled 9% in pre-market trading on Friday following the release of its disappointing first quarter fiscal year 2026 financial results. The liquefied petroleum gas shipping company reported earnings that fell far short of analyst expectations, triggering a sell-off among investors.

For the quarter ended June 30, 2025, Dorian LPG reported a net income of $10.1 million, or $0.24 per diluted share, marking a dramatic decrease from $51.3 million, or $1.25 per share, in the same period last year. The company's adjusted earnings per share came in at $0.27, significantly missing the analyst consensus estimate of $0.69 by 61.04%. Revenue for the quarter also disappointed, coming in at $84.2 million, down 26.36% year-over-year and falling short of the expected $96 million by 12.28%.

The company attributed the weak performance to a heavy drydocking schedule and market volatility influenced by abrupt geopolitical movements. Despite the disappointing results, Dorian LPG declared an irregular cash dividend of $0.60 per share, payable around August 27 to shareholders of record on August 12. While this dividend announcement might offer some consolation to investors, it wasn't enough to offset the negative sentiment surrounding the earnings miss, leading to the sharp pre-market decline in the stock price.