BW LPG Limited – Financial Results for Q1 2026
BW LPG reported Q1 2026 net profit of $164 million ($1.08 EPS), driven by strong shipping TCEs of $55,500/day and a $137 million unrealized mark-to-market gain in its trading portfolio. The company declared a $0.67 per share dividend and provided robust Q2 guidance, with 85% of available fleet days fixed at ~$81,000/day, significantly above Q1 performance.
Key figures
- Eps
- 1.08
- Eps Beat
- 0
- Revenue
- 0
- Guidance
- Q2 2026 TCE ~$81,000/day for 85% of available days; FY26 39% fixed at $44,800/day, 3% hedged at $48,100/day
- Revenue Yoy
- 0
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Liquidity
- 618000000
- Net profit at
- 187000000
- Tce income total
- 197700000
- Fleet utilization
- 92%
- Dividend per share
- 0.67
- Net leverage ratio
- 26.3%
- Unrealised mt M gain
- 137000000
- Tce per calendar day
- 51300
- Time charter rate q1
- 48200
- Realised trading loss
- 10000000
- Tce per available day
- 55500
- Time charter coverage q1
- 53%
- Net profit equity holders
- 164000000
- Newbuilding contract value
- 940000000
- Product services net profit
- 98000000
- Product services gross profit
- 127000000
AI analysis
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