Dorian Lpg (LPG) Operating Expenses (2013 - 2025)
Dorian Lpg (LPG) posted quarterly Operating Expenses of $69.3 million for Q4 2025, up 19.68% year-on-year from $57.9 million in Q4 2024, and up 6.08% on a QoQ basis from $65.4 million in Q3 2025.
Dorian Lpg (LPG) Operating Expenses (2013 - 2025) Analysis & Trends
Dorian Lpg (LPG) has reported Operating Expenses for 13 consecutive years, with $69.3 million the latest figure, recorded in Q4 2025.
- Quarterly Operating Expenses rose 19.68% year-over-year to $69.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $265.8 million (up 10.25% YoY) and the FY2025 annual result came in at $243.3 million, up 3.75% from the prior year.
- Operating Expenses advanced to $69.3 million in Q4 2025 per LPG's latest filing, from $65.4 million in the prior quarter.
- Over the last five years, Operating Expenses for LPG reached as high as $69.3 million in Q4 2025 and fell as low as $46.5 million in Q4 2022.
- A 5-year average of $56.0 million and a median of $55.2 million in 2021 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses dropped 13.81% — and 2023, when it jumped 34.09%.
- Year by year, Operating Expenses stood at $46.6 million in 2021, then fell by 0.35% to $46.5 million in 2022, then climbed by 14.86% to $53.4 million in 2023, then rose by 8.56% to $57.9 million in 2024, then increased by 19.68% to $69.3 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $69.3 million, $65.4 million, and $69.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Dorian Lpg | 1.94 Bn | 1.65 Bn | - | 69.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 69.34 Mn |
| Sep 30, 2025 | 65.36 Mn |
| Jun 30, 2025 | 69.27 Mn |
| Mar 31, 2025 | 61.84 Mn |
| Dec 31, 2024 | 57.94 Mn |
| Sep 30, 2024 | 63.97 Mn |
| Jun 30, 2024 | 59.53 Mn |
| Mar 31, 2024 | 59.66 Mn |
| Dec 31, 2023 | 53.37 Mn |
| Sep 30, 2023 | 64.89 Mn |
| Jun 30, 2023 | 56.56 Mn |
| Mar 31, 2023 | 50.46 Mn |
| Dec 31, 2022 | 46.47 Mn |
| Sep 30, 2022 | 48.39 Mn |
| Jun 30, 2022 | 48.47 Mn |
| Mar 31, 2022 | 46.48 Mn |
| Dec 31, 2021 | 46.63 Mn |
| Sep 30, 2021 | 48.02 Mn |
| Jun 30, 2021 | 50.33 Mn |
| Mar 31, 2021 | 53.93 Mn |