Dorian reported a good set of Q1 figures (Q4/26 fiscal). It’s clear that the market took notice as it sent the equity up ~12.8% yesterday. The VLGC market has become incredibly tight, seeing VLGC player bank more than USD 100k/d for their vessels. We expect Q1/27 (fiscal) figures to be even better as we currently find ourselves +55% above consensus on EBITDA, while being 4% above on FY’27 EBITDA. However, despite us expecting supportive estimate revisions, particularly near-term estimates, we ar ....
