Quarterly ResultJun 3, 2026, 06:06 AM
BW LPG Q1 Profit $164M; Declares $0.67 Dividend; Orders 8 VLGCs
AI Summary
BW LPG Ltd. announced strong financial results for Q1 2026, with profit attributable to equity holders reaching $164 million ($1.08 EPS). The company's shipping segment saw TCE income of $197.7 million, up 25% year-over-year, driven by strong performance and favorable market conditions including geopolitical disruptions impacting trade routes. A cash dividend of $0.67 per share was declared. BW LPG also secured significant newbuilding contracts for eight VLGCs and provided a positive outlook for Q2 2026 with 85% of fleet days fixed at an average rate of $81,000 per day.
Key Highlights
- BW LPG Ltd. reported Q1 2026 profit attributable to equity holders of $164 million, or $1.08 per share.
- TCE income for Q1 2026 was $197.7 million, a 25% increase year-over-year.
- The company declared a Q1 2026 cash dividend of $0.67 per share.
- BW LPG has fixed 85% of available fleet days for Q2 2026 at an average rate of approximately $81,000 per day.
- Product Services reported a Q1 2026 gross profit of $127 million and net profit after tax of $98 million.
- BW LPG signed a newbuilding contract for eight 90,000-cbm Panamax VLGCs for approximately $940 million, with deliveries from 2029 to Q2 2030.
Price Impact
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