BW LPG (NYSE:BWLP) Releases Earnings Results, Misses Estimates By $0.05 EPS

BW LPG (NYSE:BWLP) posted its quarterly earnings results on Tuesday. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05), Zacks reports. BW LPG had a net margin of 6.76% and a return on equity of 12.61%.

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 Stock Up 3.0%

BW LPG stock opened at $20.18 on Tuesday. The stock’s 50 day moving average price is $19.05 and its 200 day moving average price is $16.06. The company has a market cap of $3.05 billion, a PE ratio of 12.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.24. BW LPG has a 1-year low of $10.16 and a 1-year high of $22.92.

Institutional Investors Weigh In On BW LPG

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of BW LPG by 4,137.5% during the first quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock valued at $255,000 after buying an additional 22,922 shares during the period. Jane Street Group LLC grew its stake in BW LPG by 14.0% in the 1st quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock worth $558,000 after acquiring an additional 6,331 shares during the period. JPMorgan Chase & Co. raised its holdings in BW LPG by 26.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock valued at $100,000 after acquiring an additional 1,749 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of BW LPG during the 2nd quarter worth $98,000. Finally, StoneX Group Inc. purchased a new position in shares of BW LPG during the 2nd quarter worth $190,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BWLP. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Wall Street Zen raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Finally, Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

BW LPG Company Profile

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.