BW LPG (NYSE:BWLP) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Posted by Mark Dietrich on Jun 4th, 2026

BW LPG (NYSE:BWLP – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05), Zacks reports. The firm had revenue of $838.89 million during the quarter, compared to the consensus estimate of $330.60 million. BW LPG had a net margin of 10.13% and a return on equity of 18.74%.

Here are the key takeaways from BW LPG’s conference call:

BW LPG delivered a strong Q1, with TC income of $55,500 per available day above guidance and profit after minority interests of $164 million ($1.08 EPS). Management said the results were helped by very high freight rates and a favorable market backdrop.
The board declared a $0.67 per share dividend, including full payout of shipping profits plus a Product Services dividend. Management framed this as a shareholder-friendly decision supported by strong liquidity and earnings.
For Q2 2026, the company is guiding to around $81,000 per day on 85% of available days, well above its all-in cash breakeven of $24,500. BW LPG also said most of the heavy drydocking activity is now behind it, which should reduce off-hire days in the next quarter.
BW LPG announced an order for eight 90,000 cbm Panamax newbuildings for delivery from early 2029 through Q2 2030, with an average price of about $117.5 million per vessel. Management said the order supports fleet renewal and future-proofing, but it also commits the company to a sizable capital outlay over time.
Management described the VLGC market as historically strong, driven by U.S. LPG export growth, disruptions in Middle East supply, and longer voyages via the Cape of Good Hope. They also said Panama Canal congestion and vessels idling near Hormuz are tightening shipping supply and supporting freight rates.

BW LPG Trading Up 0.0%

BW LPG stock opened at $20.24 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. BW LPG has a 12 month low of $10.61 and a 12 month high of $22.92. The stock’s 50 day simple moving average is $19.22 and its two-hundred day simple moving average is $16.16. The firm has a market cap of $3.06 billion, a PE ratio of 8.50 and a beta of 1.08.

BW LPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 12th will be given a $6.196 dividend. This is an increase from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 dividend on an annualized basis and a yield of 122.5%. The ex-dividend date is Friday, June 12th. BW LPG’s payout ratio is currently 142.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BWLP shares. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on BW LPG

Institutional Investors Weigh In On BW LPG

Several hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in shares of BW LPG during the 3rd quarter valued at approximately $36,000. Global Retirement Partners LLC purchased a new position in shares of BW LPG during the 4th quarter valued at approximately $43,000. Raymond James Financial Inc. purchased a new position in shares of BW LPG during the 2nd quarter valued at approximately $47,000. BNP Paribas Financial Markets purchased a new position in shares of BW LPG during the 3rd quarter valued at approximately $62,000. Finally, Osaic Holdings Inc. lifted its position in shares of BW LPG by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock valued at $84,000 after buying an additional 1,400 shares in the last quarter.

BW LPG News Roundup

Here are the key news stories impacting BW LPG this week:

Positive Sentiment: BW LPG raised its quarterly dividend to $0.67 per share (NOK 6.196 for Oslo-listed shares), a major increase from the prior payout, which may support the stock by highlighting strong cash generation and shareholder returns. BW LPG Limited – Key Information Relating to the Cash Dividend for Q1 2026
Positive Sentiment: The company reported Q1 2026 profit attributable to equity holders of $164 million, with gains supported by strong shipping performance and a favorable unrealized valuation gain in its trading portfolio. BW LPG Limited – Financial Results for Q1 2026
Positive Sentiment: BW LPG completed the sale of its 8.5% stake in Confidence Petroleum India, finishing its broader exit from infrastructure investments and simplifying the business profile. BW LPG Exits Investment in Confidence Petroleum India Following Sale of 8.50% Equity Stake
Neutral Sentiment: Q1 results were mixed overall: EPS missed estimates and revenue came in well below expectations, even though profitability remained solid. BW LPG Limited – Financial Results for Q1 2026

About BW LPG

(Get Free Report)

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.