BW LPG Declares $0.95 Dividend, Guides Q3 TCE to ~$88K/Day on Strong Q2
BWLP sits 98% above its 52-week low of $11.72.
Summary
BW LPG reported Q2 profit of $120M (EPS $0.79), declared a $0.95/share dividend, and guided Q3 TCE to ~$88K/day. Three vessel sales are expected to add ~$90M in net book gains.
Key Events · Earnings and Guidance · BWLP
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Q2 Profit and Dividend
Profit attributable to equity holders was $120.1M (EPS $0.79), and the board declared a Q2 cash dividend of $0.95 per share — 100% of Shipping NPAT. Record date 8 Sep 2026, payment on or about 16 Sep 2026.
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Q3 TCE Guidance
92% of available fleet days are fixed at an average rate of ~$88,000 per day, including 41% fixed time charter coverage at $44,300/day. Guidance excludes potential IFRS 15 and FFA impacts.
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Product Services Mark-to-Market
Product Services generated a $127M realised trading gain, but a $145M non-cash unrealised mark-to-market loss on open positions resulted in a reported gross loss of $18M and loss after tax of $31M for the segment.
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Vessel Sales
BW Elm and BW Birch sales are expected to generate net book gains of ~$36M and ~$37M with ~$64M net cash proceeds each; BW Levant sale expected to generate ~$17M net book gain and ~$38M net cash proceeds.
Analysis · BWLP · Energy & Transportation
A robust second quarter saw profit attributable to equity holders reach $120M, or $0.79 per share, underpinned by shipping TCE of $74,000 per available day. The board responded with a $0.95 per share dividend—equal to 100% of Shipping NPAT—and offered Q3 TCE guidance of approximately $88,000 per day, with 92% of available days already fixed. Product Services contributed a $127M realised trading gain, though a $145M non-cash mark-to-market loss on open positions pushed the segment to a reported loss. Net leverage improved to 23.5%, and three vessel sales are expected to generate roughly $90M in combined net book gains and $166M in net cash proceeds.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BWLP was trading at $23.26 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $11.72 to $25.48. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.