Dorian LPG Ltd. (LPG) company profile
Close on Nov 13, 2026Market cap $2.06BP/E 4.3Yield 5.09%
About Dorian LPG
Deep Sea Foreign Transportation of Freight, SIC 4412
Dorian LPG Ltd. is an international shipping company engaged in the transportation of liquefied petroleum gas (LPG) and ammonia. The company specializes in owning and operating Very Large Gas Carriers (VLGCs), which it commercializes through pool arrangements, spot market voyages, contracts of affreightment, and short- or long-term time charters. In addition to commercial services, it handles in-house technical management for its owned vessels. Dorian LPG serves charterers and global energy participants seeking maritime transport for LPG and ammonia cargoes via its joint pool operations.
The company operates a fleet of twenty-seven VLGCs—including both owned and time chartered-in vessels—with an aggregate carrying capacity of approximately 2.3 million cubic meters and an average vessel age of 9.6 years. Its ships operate alongside partner vessels in the Helios LPG Pool, which manages thirty-one gas carriers. Dorian LPG is incorporated under the laws of the Republic of the Marshall Islands and is headquartered in the United States.
Summary of the business section of Dorian LPG's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Dorian LPG Ltd.
- Founded
- 2013
- Headquarters
- Stamford, CT
- Address
- 27 Signal Road 06902
- Phone
- (203) 674-9900
- Website
- dorianlpg.com
- Employees
- 83, Mar 31, 2021
- Industry
- Deep Sea Foreign Transportation of Freight
- Incorporated in
- 1T
- Fiscal year ends
- March 31
- Auditor
- Deloitte Certified Public Accountants S.A., Athens, Greece
Stock & identifiers
- Ticker
- LPG
- Exchange
- NYSE
- IPO date
- May 9, 2014
- Shares outstanding
- 43M, Jul 30, 2026
- Public float
- $1.09B, Sep 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1596993
- CUSIP
- Y2106R110
- FIGI
- BBG006476H39
- Share class FIGI
- BBG006476HV8
- LEI
- 549300WP1W2WGMC7F395
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| John Lycouris | Head of Energy Transition, Director | 367,275 |
| John C. Hadjipateras | President and CEO, Director | 2,066,831 |
| Tim Truels Hansen | Chief Commercial Officer | 107,675 |
| Theodore B. Young | Chief Financial Officer | 107,794 |
| Alexander C. Hadjipateras | Chief Operating Officer | 95,836 |
| Oivind Lorentzen | Director | 117,351 |
| Christina Tan | Director | 88,068 |
| Marit Lunde | Director | 6,499 |
| Ted Kalborg | Director | 86,348 |
| Christopher J. Wiernicki | Director | 0 |
| Thomas Malcolm McAvity | Director | 67,445 |
| Mark H. Ross | Director | 8,837 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2026 | $6.31M | $7.06M | $4.02M | $582 | $407 |
| FY2025 | $5.30M | $3.95M | $2.20M | $348 | $238 |
| FY2024 | $4.30M | $5.90M | $1.92M | $535 | $228 |
| FY2023 | $2.59M | $3.10M | $1.33M | $240 | $148 |
| FY2022 | $2.36M | $2.45M | $1.02M | $128 | $124 |
| FY2021 | $3.11M | $3.24M | $1.08M | $151 | $236 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2026
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| John C. Hadjipateras President, Chairman, and Chief Executive Officer | $750.00K | $1.32M | $2.88M | $1.36M | $10.50K | $6.31M | +19% |
| John Lycouris Head of Energy Transition and Chief Executive Officer, Dorian LPG (USA) LLC | $600.00K | $1.05M | $1.46M | $1.09M | $10.50K | $4.22M | +85% |
| Theodore B. Young Treasurer and Chief Financial Officer | $600.00K | $1.05M | $1.67M | $1.09M | $10.50K | $4.42M | +85% |
| Tim T. Hansen Chief Commercial Officer | $644.25K | $1.05M | $1.46M | $1.17M | $151.36K | $4.47M | +96% |
| Alexander C. Hadjipateras Chief Operating Officer, Senior Executive Vice President Dorian LPG (USA) LLC and Managing Director Dorian LPG Management Corp. | $425.00K | $744.10K | $1.04M | $770.31K | $10.50K | $2.99M | +61% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- May 9, 2014
- Offer price
- $19.00
- Exchange
- NYSE
- First trading day
- May 8, 2014
- First-day close
- $18.64-1.9%
- Lock-up ends (est.)
- Nov 4, 2014
“The initial public offering price is $19.00 per share.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of March 31, 2021, we employed 83 persons in our offices in the United States, Greece, Denmark and the United Kingdom.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 15, 2018 | Late filing | Notification of late filing |
| Jan 26, 2018 | Deregistration | Termination of SEC registration (Form 15) |
| Dec 16, 2016 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jan 12, 2016 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Dec 21, 2015 | Listing | Registration of securities on an exchange (Form 8-A) |
| May 9, 2014 | IPO | Initial public offering priced (424B4 prospectus) |
| May 2, 2014 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 14, 2014 | Merger | Registration of securities for a merger or exchange offer (S-4) |
See a number that looks wrong?