BWLP Research | Milton Maxwell

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

ME exposure detailed, US slack noted

3/2/26Mar 2, 2026

Q&A drilled into Middle East tensions without walking back prepared remarks, naming three Indian-flag vessels—BW Element, Elventier, and Loyalty—in the Arabian Gulf with minimal financial hits so far, as two remain on protected time charters. Management confirmed no insurance for Hormuz transits, effectively closing it to conventional VLGCs, while noting unconfirmed Iranian shadow fleet activity. US terminals hold berth slack for VLGCs to ramp exports short-term. Product Services' $12M Q4 realized gains build dividend capacity but weren't in the $0.57 payout. Hormuz stays shut to insured ships. Cautious on disruption length, investors will track US volume surge and conflict thaw.

Key Stats

Market Cap

1.84B

P/E (TTM)

10.94

Basic EPS (TTM)

1.11

Dividend Yield

0.11%

About

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises. As of December 31, 2024, it owned and operated a fleet of 55 vessels, including 53 very large gas carriers (of which 29 were owned), 2 large gas carriers time chartered in by product services, and 8 VLGCs owned by BW LPG India Pte. Ltd. The company was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013. BW LPG Limited was founded in 1935 and is headquartered in Singapore.

CEO

Mr. Kristian Sorensen

IPO

1/28/2014

Website

https://www.bwlpg.com

Employees

1,429

Sector

Industrials

Industry

Marine Shipping