BW LPG Ltd (BWLP) Form 6-K — Jun 2, 2026
BW LPG Limited reported Q1 2026 net profit of $187 million, an 181% increase year-over-year, driven by a surge in LPG freight rates following the blockade of the Strait of Hormuz. The company achieved a TCE income of $55,500 per available day, significantly outperforming its guidance, while its trading subsidiary, BW Product Services, contributed $98 million in net profit due to positive mark-to-market valuations. The Board declared a Q1 2026 cash dividend of $0.67 per share, representing a 139% increase from the prior year and a payout ratio of 62% of total profit.
Key figures
- Eps
- 1.08
- Guidance
- Q2 2026 TCE guidance: Fixed 85% of available fleet days at an average rate of ~US$81,000 per day.
- Net Income
- 187342000
- Total Assets
- 3331137000
- Cash Position
- 273076000
- Roe annualised
- 38
- Fleet utilisation
- 92
- Dividend per share
- 0.67
- Net leverage ratio
- 26.3
- Tce income shipping
- 197689000
- Tce per calendar day
- 51300
- Tce per available day
- 55500
- Newbuilding contract value
- 940000000
- Product services net profit
- 97885000
- Product services gross profit
- 126823000
AI analysis
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