Dorian LPG Ltd. has reported its financial results for the first quarter of fiscal year 2026. The company recorded a net income of $10.1 million, or $0.24 per diluted share, for the three months ended June 30, 2025. This marks a significant decrease from the $51.3 million, or $1.25 per diluted share, reported in the same period the previous year. The adjusted net income for the quarter was $11.3 million, compared to $51.7 million for the same period in 2024. The adjusted earnings per share stood at $0.27, down from $1.26 in the prior year. The decline in net income is attributed to a heavy drydocking schedule and market volatility influenced by abrupt geopolitical movements. Despite these challenges, Dorian LPG Ltd. maintains a positive outlook, supported by strong booking rates for the current quarter and confidence in the resilience and fundamentals of the LPG trade. The company continues to focus on providing safe, reliable, and clean transportation.
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