A Singapore-based shipping company that owns and runs the world's largest fleet of Very Large Gas Carriers, hauling liquefied petroleum gas (LPG) from producers to markets across the globe. The "BW" comes from "Bergesen Worldwide," created when Hong Kong's World-Wide Shipping bought Norway's Bergesen in 2003 and rebranded in 2005. In 2020 its vessel BW Gemini became the first VLGC ever retrofitted to run on LPG itself as fuel.
BW LPG to publish Q2 2026 financial report and host earnings presentation on 28 August 2026
An earnings presentation led by CEO Kristian Sørensen and CFO Samantha Xu will be held live via Zoom on the same day at 14:00 CEST / 08:00 EDT / 20:00 SGT.
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BW LPG Limited will release its Q2 2026 Financial Report on Friday, 28 August 2026 at approximately 07:00 CEST / 01:00 EDT / 13:00 SGT.
Participants must register in advance using the provided link; a recording will be available on the company's website after the event.
BW LPG is the world's largest owner and operator of Very Large Gas Carriers (VLGCs), with a fleet of about 50 vessels, including over 20 LPG dual-fuel powered ships.
BW LPG Product Services Q2 2026 gross trading result was -USD 19 million
The net result after general and administrative expenses and income taxes was approximately -USD 31 million for the quarter.
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BW Product Services reported a gross trading result of approximately -USD 19 million for Q2 2026, including a USD 127 million realised trading gain and a -USD 146 million unrealised mark-to-market change.
Average Value-At-Risk (VAR) for the quarter was approximately USD 17 million, driven by increased market volatility in core product exposures.
The Q2 trading environment was impacted by geopolitical turbulence in the Middle East and significant fluctuations in LPG prices.
The combined Q1 and Q2 realised trading result was about USD 117 million, and the full Q2 2026 results will be released on 28 August 2026.
BW LPG shares trade ex-dividend on Oslo Stock Exchange today, NYSE from June 12, 2026
The dividend was previously announced in a press release dated June 2, 2026.
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BW LPG Limited announced that its shares will be traded ex-dividend on the Oslo Stock Exchange from June 11, 2026, and on the New York Stock Exchange from June 12, 2026.
The cash dividend for Q1 2026 is NOK 6.1960 per share on the Oslo Stock Exchange and US$0.67 per share on the NYSE.
The company is the world's leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs).
BW LPG Q1 2026 profit attributable to equity holders was US$164 million, EPS US$1.08
Shipping TCE income was US$197.7 million, with US$55,500 per available day and US$51,300 per calendar day, above guidance.
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Q1 2026 net profit after tax was US$187 million, with profit attributable to equity holders of US$164 million and EPS of US$1.08.
Product Services reported gross profit of US$127 million and net profit after tax of US$98 million, including a positive unrealised mark-to-market gain of US$137 million.
The Board declared a Q1 2026 cash dividend of US$0.67 per share, comprising 100% of Shipping NPAT plus US$0.11 per share from BW Product Services' capital return.
The Company signed a newbuilding contract for eight 90,000 cbm Panamax VLGCs with deliveries from 2029 to Q2 2030, total price approximately US$940 million.