BW LPG Limited

BW LPG Limited

21.36
EUR
+0.08
(+0.38%)
2.91EPS
5.92P/E
2.31BMarket Cap
Mar 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.3
5.49
5.81
3.71
3.47
3.72
5.89
5.87
8.93
11.56
22.37
26.67
23.65
23.29
Basic EPS, GAAP
0.92
1.87
2.43
0.18
-0.3
-0.51
1.97
1.76
1.33
1.69
3.57
2.65
1.6
2.94
Free Cash Flow per Basic Share
-2.26
1.47
-0.35
0.09
-0.12
0.55
2.25
2.4
0.86
3.41
3.01
1.1
2.54
4.17
Dividend per Share
- -
0.91
1.93
0.77
- -
- -
0.43
0.92
0.72
0.94
3.08
2.91
1.32
1.86
Book Value per Share
7.08
8.06
8.52
7.83
7.56
7.06
8.49
9.06
10.02
11.07
11.21
11.91
12.09
12.64
Tangible Book Value per Share
6.92
7.93
8.43
7.77
7.54
7.06
8.49
9.05
10.01
11.06
11.2
11.91
12.09
12.64
Basic Weighted Avg Shares
136
136
133
137
142
140
139
138
139
135
132
134
151
151
Sales/Revenue/Turnover
449
747
773
506
492
522
817
812
1,241
1,558
2,947
3,564
3,582
3,527
Operating Margin (%)
17.08
35.99
44.68
21.74
-0.38
0.65
33.06
30.85
12.35
15.9
16.35
11.54
8.15
15.42
Depreciation Expense
59
71
85
99
127
101
126
152
154
159
218
202
256
251
Net Income, GAAP
125
255
324
24
-43
-71
274
244
185
227
470
354
242
446
Effective Tax Rate (%)
- -
0.27
0.23
0.98
- -
- -
0.85
0.2
0.28
0.45
2.18
7.08
4.67
5.27
Profit Margin (%)
27.77
34.06
41.89
4.79
-8.68
-13.68
33.51
30.04
14.89
14.59
15.95
9.94
6.76
12.64
Working Capital
102
61
31
-331
-29
16
118
118
233
246
223
68
223
294
LT Debt
503
470
767
980
1,076
1,101
1,091
874
746
469
278
772
803
666
Total Equity
975
1,081
1,171
1,117
1,074
984
1,177
1,252
1,386
1,597
1,586
1,937
1,926
2,055
Return on Invested Capital (%)
14.67
16.8
18.79
2.3
- -
- -
13.89
11.81
9.78
11.81
22.93
15.24
10.98
17.81
Return on Capital (%)
14.45
16.52
18.46
2.28
- -
- -
14.15
12.08
9.73
10.78
21.24
12.61
8.15
14.14
Return on Common Equity (%)
- -
25
29.02
2.14
-3.92
-6.95
25.35
20.08
14.09
15.96
31.9
21.64
13.33
24.19

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
187
173
267
LT Borrowings
730
663
612
LT Finance Leases
73
61
54
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
151
152
152
Market Capitalization
1,967
2,625
2,643

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
644
863
962
Cash, Cash Equivalents & STI
255
288
306
Accounts Receivable, Net
231
178
426
Inventories
124
107
174
Total Current Liabilities
421
587
669
Payables & Accruals
204
223
341
ST Debt
187
173
267
Deferred Revenue
6
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.6%
9.36%
-0.62%
Free Cash Flow
-31.19%
61.15%
162.11%
Net Income, GAAP
-74.63%
9.86%
-31.61%
Sales/Revenue/Turnover
21.37%
37.81%
0.52%
Total Cash Common Dividend
- -
34.64%
-48.55%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,038
876
805
844
3,564
2025
862
1,044
944
732
3,582
2026
839
1,012
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.07
0.58
0.79
0.22
2.65
2025
0.3
0.23
0.38
0.69
1.6
2026
1.08
0.79
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.9
0.99
0.58
0.44
2.91
2025
0.42
0.28
0.22
0.4
1.32
2026
0.57
0.67
- -
- -
- -

Company Description

CEO
Kristian Sørensen
Full Time Employees
1,444
Sector
Transportation
Industry
Marine shipping
Address
10 Pasir Panjang Road No. 17-02,Mapletree Business City Singapore Singapore 117438
IPO Date
Nov 26, 2013
Website
bwlpg.com
Business
BW LPG Limited, the world's leading owner and operator of liquefied petroleum gas (LPG) vessels, owns and operates a fleet of more than 50 very large gas carriers (VLGCs) with a total capacity exceeding 4 million cubic meters, providing transportation, trading, and infrastructure services for LPG worldwide. Founded with roots tracing to the 1930s and headquartered in Singapore at 10 Pasir Panjang Road, Mapletree Business City, the company operates through its core shipping segment offering spot voyages, time charters, and contracts of affreightment (CoAs) for VLGCs, many equipped with pioneering LPG dual-fuel propulsion technology for lower emissions; its Product Services division, established in 2019 and expanded via the 2022 acquisition of Vilma Oil's LPG trading operations, delivers integrated LPG sourcing, purchasing, and delivery services to buyers and receivers from offices in Singapore, Oslo, Madrid, and Houston; and its trading and infrastructure segments, which include investments in onshore LPG facilities to support global energy transition markets. BW LPG maintains a global footprint with operations across Asia, Europe, and the Americas, serving major oil companies, trading houses, and utilities, and is associated with BW Group while listed on the Oslo Stock Exchange (BWLPG) and New York Stock Exchange (BWLP). Recent developments include the successful completion in late 2024 of its acquisition of 12 VLGCs from Avance Gas, expanding its owned fleet by 40% to over 50 vessels including 22 LPG dual-fuel units and enhancing commercial scale through issuance of additional shares; securing approximately $595 million in financing facilities in 2025 for fleet expansion, debt refinancing, and liquidity; BW LPG India's $215 million loan in July 2025 to refinance debt and fund the purchase of two modern VLGCs (BW Pampero and BW Chinook) for its Indian-flagged fleet amid growing domestic LPG demand; termination of a $250 million shareholder loan in June 2025; and ongoing Product Services performance with $54 million in year-to-date realized trading gains through Q3 2025 despite market volatility.

Company News

  • BW LPG Ltd (BWLP) Shares Fall 3.5% -- What GF Score of 72 Tells Investors

  • BW LPG (NYSE:BWLP) Reaches New 12-Month High – What’s Next?

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  • BW LPG Limited (NYSE:BWLP) Receives Consensus Rating of “Moderate Buy” from Brokerages

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  • Shipping stocks at a crossroads amid their best rally in decades

  • BW LPG Successfully Places a USD 300 Million Offering of Senior Unsecured Convertible Bonds

  • BW LPG Launches Approximately USD 300 Million Senior Unsecured Convertible Bond Offering

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  • BW LPG Q2 Earnings Call Highlights

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  • BW LPG: The Most Benefited From The Strait of Hormuz Closure Despite Increasing Risks

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  • Dividend Power: 6 'Safer' Ideal Dogs To Buy In July

  • BW LPG: I Timed The Dip Perfectly, Now What (Rating Upgrade)