The earnings call reflected a robust performance in Q2, with significant profit and liquidity achievements, exceeding income guidance, and strategic fleet expansion. However, market volatility and dry-docking schedules present some operational challenges, and Panama Canal congestion remains a concern.

Company Guidance

During BW LPG's Q2 2025 earnings call, the company reported a Time Charter Equivalent (TCE) income of $38,800 per available day, surpassing their guidance of $35,000 per day. Their Q2 profit was $35 million, yielding an Earnings Per Share (EPS) of $0.23, and they declared a dividend of $0.22 per share. BW LPG's Product Services segment achieved a gross profit of $15 million and a profit after tax of $6 million. For the second half of 2025, they anticipate dry-docking days of 143 in Q3 and 135 in Q4, impacting their revenue potential. The company has secured about $53,000 per day for 90% of their available days in Q3, which is well above their cash breakeven level of $24,800 per day. On the financing front, BW LPG finalized a $380 million term loan and revolving credit facility for the Avance Gas fleet and a $215 million term loan for the BW LPG India fleet. Additionally, the global VLGC fleet is experiencing low growth, with only seven more ships expected to be delivered in 2025, suggesting a tight supply-demand balance.

Exceeded TCE Income Guidance

Reported a TCE income of $38,800 per available day and $37,300 per calendar day, above the guidance of $35,000 per day.

Strong Q2 Profit

Q2 profit was $35 million, equivalent to an EPS of $0.23.

Dividend Declaration

Board declared dividends of $0.22 per share, 110% payout of quarterly shipping profit.

Fleet Expansion

BW Yushi added to the fleet after a lucrative purchase option, demonstrating strategic asset growth.

Secured Financing

Finalized a $380 million term loan and revolving credit facility and secured a $215 million term loan for BW LPG India fleet.

Robust Liquidity Position

Maintained a strong liquidity position of $708 million, including $287 million in cash.

Strong Market Fundamentals

Solid fundamentals in the current VLGC market with robust growth in export volumes from the U.S. and Middle East.

BW LPG Ltd (GB:0QIX) 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

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GB:0QIX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2025 (Q3)	6.88 / -	7.947	―	―	―
Aug 26, 2025	2025 (Q2)	2.64 / 2.31	5.835	-60.34% (-3.52)	―	―
May 20, 2025	2025 (Q1)	2.08 / 3.02	10.764	-71.96% (-7.75)	―	―
Feb 27, 2025	2024 (Q4)	1.91 / 2.21	11.468	-80.70% (-9.25)	―	―
Dec 02, 2024	2024 (Q3)	4.64 / 7.95	8.551	-7.06% (-0.60)	―	―
Aug 22, 2024	2024 (Q2)	5.56 / 5.83	5.935	-1.69% (-0.10)	―	―
May 30, 2024	2024 (Q1)	6.98 / 10.76	9.557	12.63% (+1.21)	―	―
Feb 29, 2024	2023 (Q4)	12.75 / 11.47	6.941	65.22% (+4.53)	―	―
Nov 14, 2023	2023 (Q3)	9.14 / 8.55	3.219	165.62% (+5.33)	―	―
Aug 29, 2023	2023 (Q2)	7.51 / 5.94	2.616	126.92% (+3.32)	―	―

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

GB:0QIX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 26, 2025	kr163.17	kr154.10	-5.56%
May 20, 2025	kr111.52	kr113.51	+1.78%
Feb 27, 2025	kr120.53	kr118.52	-1.67%
Dec 02, 2024	kr119.73	kr119.69	-0.03%

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 (GB:0QIX) report earnings?

BW LPG Ltd (GB:0QIX) is schdueled to report earning on Dec 02, 2025, TBA (Confirmed).

What is BW LPG Ltd (GB:0QIX) earnings time?

BW LPG Ltd (GB:0QIX) earnings time is at Dec 02, 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 the P/E ratio of BW LPG Ltd stock?

The P/E ratio of BW LPG Ltd is N/A.

What is GB:0QIX EPS forecast?

GB:0QIX EPS forecast for the fiscal quarter 2025 (Q3) is 6.88.

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