Education
About Us
Working with TipRanks
Follow Us
BW LPG Ltd (BWLP)
NYSE:BWLP
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
1.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -22.64%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong financial performance, dividends, and strategic fleet management. However, market challenges and increased leverage posed concerns. Overall, the highlights outweighed the lowlights, indicating optimism for future growth.Company Guidance
In the call discussing BW LPG's Q4 2024 financial results, several key metrics and strategic updates were highlighted. The company reported a time charter (TC) income per available day of $37,900, surpassing their guidance of $36,000 per day. A dividend of $0.42 per share was declared, reflecting a 123% payout ratio of the total shipping impact. The fleet's utilization was at 96%, with a time charter out coverage of 31% at $44,800 per day. Additionally, BW LPG completed the acquisition of Avance Gas's fleet, bringing their total to 52 vessels, including 22 with LPG dual fuel propulsion technology. The company also exercised purchase options on two vessels, BW Kizoku and BW Yushi, for approximately $70 million each. The spot market rates fluctuated between $35,000 to $40,000 per day, while the company's operating cash breakeven was estimated at $25,600, largely due to dry dock plans and increased interest costs. Financially, BW LPG ended 2024 with $603 million in liquidity, supported by $232 million in cash and $371 million in revolving credit facilities. The overall market outlook remained positive amidst potential geopolitical and regulatory challenges, with anticipated increases in U.S. and Middle East export capacities.Dividend Declaration
The board declared a dividend of $0.42 per share, with a total payout ratio of 123% of the total shipping impact for the year, showcasing a strong commitment to returning value to shareholders.
Fleet Expansion and Transactions
The company solidified its position as the world's leading owner and operator of VLGCs with the acquisition of 12 VLGCs and the purchase of BW Kizoku and BW Yushi, while selling BW Cedar, generating $65 million in proceeds and a net book gain of $32 million.
Market Outlook and Strategy
Positive VLGC market fundamentals with expectations of increased U.S. export volumes and strategic use of Time Charters and FFA hedges to manage market volatility.
Product Services Profitability
Product services achieved a gross profit of $50 million, contributing to a net profit of $3.4 million for the quarter.
---
BWLP Earnings History
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 |
|---|---|---|---|
| Feb 27, 2025 | $11.21 | $10.93 | -2.49% |
| Dec 02, 2024 | $11.39 | $11.53 | +1.22% |
| Aug 22, 2024 | $14.13 | $13.90 | -1.59% |
| May 30, 2024 | $15.51 | $18.39 | +18.56% |
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 May 20, 2025, TBA Not Confirmed.
What is BW LPG Ltd (BWLP) earnings time?
BW LPG Ltd (BWLP) earnings time is at May 20, 2025, TBA Not 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 (Q1) is 0.27.
---