The earnings call highlighted strong performance in TCE income, shareholder returns, and strategic financial management. However, the company faced challenges with unrealized losses in product services and market volatility due to geopolitical factors. Despite these issues, the core fundamentals and strategic focus on shipping and trading are positive indicators.

Company Guidance -

Q2 2025

In the Q1 2025 earnings call, BW LPG reported a TCE income of $39,800 per available day and $38,800 per calendar day, surpassing the guidance of $36,000 per day. The company achieved a Q1 profit of $46 million, translating to $0.30 per share, with dividends declared at $0.28 per share, equivalent to 75% of shipping NPAT and an annualized dividend yield of 10%. BW LPG concluded a Japanese JOLCO lease for BW Kyoto and is finalizing the refinancing of a $380 million bank loan. Despite a gross loss of $3.6 million and a net loss after tax of $12.5 million in Product Services due to unrealized positions' valuation adjustments, realized positions generated $33 million in profit. The company reactivated its share buyback program amid a share price drop and noted significant market shifts due to the U.S.-China tariff war. Additionally, BW LPG decided to discontinue its LPG import terminal project in India, focusing on core shipping and trading activities. The spot market saw rates around $50,000 per day from the U.S. and $60,000 per day from the Middle East, reflecting robust LPG market fundamentals and strategic shifts in trade patterns.

Exceeded TCE Income Guidance

Reported a TCE income of $39,800 per available day and $38,800 per calendar day, above the guidance of $36,000 per day.

Strong Shareholder Returns

Declared dividends of $0.28 per share, equivalent to 75% of shipping NPAT and an annualized dividend yield of 10%.

Successful Financing Activities

Concluded a Japanese JOLCO lease for one vessel and are finalizing refinancing of a $380 million bank loan with strong interest from banks.

Improved Share Price

Reactivate the share buyback program after the share price drop due to the U.S.-China tariff war. The share price improved significantly.

Robust LPG Market Fundamentals

High U.S. LPG production with unabated export levels and expansion plans from U.S. terminal operators indicating future growth.

Strategic Focus on Core Activities

Decision to discontinue LPG import terminal in Mumbai to focus on key value drivers: shipping and trading.

Strong Q1 Realized Gains

BW Product Services recorded a realized profit of $33 million in Q1.

Positive Financial Metrics

Net profit after tax of $67 million, net leverage ratio of 31%, and shareholders' equity of $1.9 billion.

BW LPG Ltd (BWLP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BWLP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 26, 2025	2025 (Q2)	0.26 / -	0.58	―	―	―
May 20, 2025	2025 (Q1)	0.21 / 0.30	1.07	-71.96% (-0.77)	―	―
Feb 27, 2025	2024 (Q4)	0.19 / 0.22	1.14	-80.70% (-0.92)	―	―
Dec 02, 2024	2024 (Q3)	0.46 / 0.79	0.85	-7.06% (-0.06)	―	―
Aug 22, 2024	2024 (Q2)	0.55 / 0.58	0.59	-1.69% (-0.01)	―	―
May 30, 2024	2024 (Q1)	0.69 / 1.07	0.95	12.63% (+0.12)	―	―
Feb 29, 2024	2023 (Q4)	1.27 / 1.14	0.69	65.22% (+0.45)	―	―
Nov 14, 2023	2023 (Q3)	0.91 / 0.85	0.32	165.63% (+0.53)	―	―
Aug 29, 2023	2023 (Q2)	0.75 / 0.59	0.26	126.92% (+0.33)	―	―
May 23, 2023	2023 (Q1)	0.81 / 0.95	0.41	131.71% (+0.54)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BWLP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 20, 2025	$11.03	$11.18	+1.32%
Feb 27, 2025	$10.91	$10.64	-2.49%
Dec 02, 2024	$11.09	$11.23	+1.23%
Aug 22, 2024	$13.76	$13.54	-1.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does BW LPG Ltd (BWLP) report earnings?

BW LPG Ltd (BWLP) is schdueled to report earning on Aug 26, 2025, TBA (Confirmed).

What is BW LPG Ltd (BWLP) earnings time?

BW LPG Ltd (BWLP) earnings time is at Aug 26, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BWLP EPS forecast?

BWLP EPS forecast for the fiscal quarter 2025 (Q2) is 0.26.

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