BW LPG Q1 Profit Jumps to $164M, Declares $0.67 Dividend, Orders 8 New VLGCs
BWLP sits 95% above its 52-week low of $10.16.
Summary
BW LPG reported strong Q1 2026 results with $164 million profit and $1.08 EPS, exceeding its shipping TCE guidance of $54,000 per day. The company declared a $0.67 per share dividend, which is above its policy. This follows preliminary Q1 results for the Product Services segment announced in April. Management also provided robust Q2 TCE guidance of $81,000 per day for 85% of available fleet days, indicating significantly higher profitability ahead. Additionally, the company confirmed a $940 million order for eight new VLGCs, a major strategic investment to expand capacity for long-term growth.
At the time of this announcement, BWLP was trading at $19.77 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3B. The 52-week trading range was $10.16 to $22.92. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.