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BW LPG Ltd ( (GB:0QIX) ) just unveiled an update.
BW LPG’s Product Services division delivered a strong first quarter of 2026, reporting a gross profit of about USD 127 million and net profit of roughly USD 98 million, driven primarily by a USD 137 million unrealised mark-to-market gain on open cargo and hedging positions, partly offset by a USD 10 million realised trading loss. Management highlighted that the results were boosted by market volatility linked to the US/Israel-Iran conflict, which raised the value of US cargoes amid weaker Middle East exports, and noted that while these gains are expected to be realised as physical deliveries occur in coming quarters, the accounting profit does not immediately translate into higher dividend capacity.
The most recent analyst rating on (GB:0QIX) stock is a Hold with a NOK156.00 price target. To see the full list of analyst forecasts on BW LPG Ltd stock, see the GB:0QIX Stock Forecast page.
More about BW LPG Ltd
BW LPG is the world’s largest owner and operator of liquefied petroleum gas carriers, with a fleet of about 50 Very Large Gas Carriers, including 22 equipped with LPG dual-fuel propulsion. Leveraging more than five decades of LPG shipping experience and an in-house LPG trading division, the company focuses on providing reliable LPG sourcing and delivery services worldwide and exploring investments across the value chain.
Average Trading Volume: 571,255
Current Market Cap: NOK25.99B
See more insights into 0QIX stock on TipRanks’ Stock Analysis page.