“As of March 31, 2026 we had the following time charter-in commitments relating to VLGCs: March 31, 2026 Less than one year $ 6,235,958 Operating Leases We had the following commitments as a lessee under operating leases relating to o…”10-K · May 27, 2026 ↗
Dorian LPG Ltd.
LPG
Market read
Dorian LPG Ltd.'s move is spreading beyond its market group.
No new filing conclusion is available. 5 of 12 group members are active now; 4 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.
- At least 8 of 12 durable members become active together.
- Capital-flow agreement rises above 55%.
- GNK remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 5 of 12 group members are active now; 4 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 8 of 12 durable members become active together.
- Capital-flow agreement rises above 55%.
- GNK remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +36.3% year over year.
- Operating margin changed +11.8 percentage points in the latest annual period.
- Net margin changed +14.7 percentage points in the latest annual period.
No qualifying adverse evidence was identified; that is not proof there is no downside.
- P/E is 27% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 22% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
54.37Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“For the year ended March 31, 2025, net cash used in investing activities was mainly comprised of $18.9 million in payments for a vessel under construction and vessel capital expenditures, partially offset by $11.8 million in proceeds from maturity of availabl…”10-K · May 27, 2026 ↗
“Any unamortized balance of costs relating to credit facilities refinanced is deferred and amortized over the term of the respective credit facility in the period the refinancing occurs, subject to the provisions of the accounting guidance relating to Debt—Mod…”10-K · May 27, 2026 ↗
“We identified future TCE rates used in the future undiscounted net operating cash flows analysis of a vessel with impairment indicators, as a critical audit matter because of the complex judgments made by management to estimate future TCE rates and the signif…”10-K · May 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.8× · EV/sales 5.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for LPG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for LPG. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind LPG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CVXChevron CorporationcustomerMay 27, 2026 ▾
“As of May 22, 2026, all twenty-seven of our VLGCs, including the six time chartered-in vessels, were deployed in the Helios Pool.”
EQNREquinor ASAcustomerMay 27, 2026 ▾
“As of May 22, 2026, all twenty-seven of our VLGCs, including the six time chartered-in vessels, were deployed in the Helios Pool.”
GLCNFFiling-linked namecustomerMay 27, 2026 ▾
“As of May 22, 2026, all twenty-seven of our VLGCs, including the six time chartered-in vessels, were deployed in the Helios Pool.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 9 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
LPG is currently a Participant in the organic co-movement group Oil & Gas Midstream. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.