DorianG (LPG) Q4 2026 Earnings Transcript

Image source: The Motley Fool.

DATE

Wednesday, May 20, 2026 at 10 a.m. ET

CALL PARTICIPANTS

• Chairman, President, and CEO — John C. Hadjipateras

• Chief Financial Officer — Theodore B. Young

• Chief Commercial Officer — Tim T. Hansen

• Head of Energy Transition — John C. Lycouris

Need a quote from a Motley Fool analyst? Email pr@fool.com

Full Conference Call Transcript

Theodore Young Thanks, Madison. Good morning, everyone. Thank you all for joining us for our fourth quarter 2026 results conference call. With me today are John C. Hadjipateras, Chairman, President and CEO of Dorian LPG Limited John C. Lycouris, Head of Energy Transition and Tim T. Hansen, chief commercial officer. As a reminder, this conference call webcast and a replay of this call will be available through May 27, 2026. Many of our remarks today contain forward looking statements based on current expectations. These statements may often be identified with words such as expect, anticipate, believe or similar indications of future expectations.

Although we believe that such forward looking statements are reasonable, cannot assure you that any forward looking statements will prove to be correct. These forward looking statements are subject to known and unknown risks and uncertainties and other factors as well as general economic conditions. Should 1 or more of these risks or uncertainties materialize or should underlying assumptions or estimates prove to be incorrect, actual results may vary materially from those we express today. Additionally, let me refer you to our unaudited results for the quarterly and annual periods ended March 31, 2026, that were filed this morning on Form 8-K.

In addition, please refer to our previous filings on Forms 10-K and 10-Q, where you will find risk factors that could cause actual results to differ materially from those forward looking statements. Please note that we expect to file our full 10-K no later than May 29, 2026. Finally, I would encourage you to review the investor highlight slides posted this morning on our website.

John C. Hadjipateras With that, I will turn over the call to John C. Hadjipateras. Thank you, Ted, and thanks for joining us today. My colleagues will share some useful and interesting information about the quarter and our views of the market. First, I would like to say a few words on capital allocation. And provide some historical context on fleet development which relates to risk management and a volatile market with a view to capturing upside. Today's price for a new building VLGC at approximately $115 million reflects an increase of approximately 2.5% per annum. Over the cost of our first VLGC which was delivered to our predecessor company 20 years ago.