BW LPG Limited

BWLP · NYSE · Energy / Oil & Gas Midstream

22.58USD+0.49 (+2.22%)

Price History

Full chart

Market Stats

Previous Close22.09

Open22.41

Day Range22.05 – 22.60

52-Week Range10.14 – 26.71

Volume336.52K

Market Cap3.72B

P/E (TTM)8.77

Forward P/E14.47

EPS2.79

Dividend Yield10.05%

Beta0.10

50-Day Avg24.34

200-Day Avg19.64

About

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises. As of December 31, 2025, it owned and operated a fleet of 54 vessels, including 28 very large gas carriers, 7 large gas carriers time chartered in by product services, and 8 VLGCs owned by BW LPG India Pte. Ltd. BW LPG Limited was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013. The company was founded in 1935 and is headquartered in Singapore.

Company Details

SectorEnergy
IndustryOil & Gas Midstream
CEOMr. Kristian Sorensen
Employees1.44K
Headquarters10 Pasir Panjang Road, Singapore, Singapore, 117438, USA
Websitehttps://www.bwlpg.com

Leadership

Mr. Kristian SorensenCEO & Interim Head of Commercial · b. 1977
Ms. Samantha XuChief Financial Officer · b. 1981
Captain Prodyut BanerjeeChief Operations Officer · b. 1963
Mr. Knut-Helge KnutsenChief Technical Officer · b. 1970
Aline AnlikerHead of Corporate Communications
Ms. Leona LeoChief People Officer · b. 1977
Mr. Glenn LoddenHead of Research
Ms. Susan E. BaritActing Secretary

Financials

Income Statement

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	494.16M	496.98M	490.43M	818.60M	892.47M	1.21B	1.53B	3.06B	3.37B	3.69B
Growth (%)	-	+0.57%	-1.32%	+66.91%	+9.02%	+35.46%	+26.42%	+100.14%	+10.04%	+9.55%
Cost of Revenue	194.44M	286.67M	302.23M	396.88M	454.52M	909.19M	1.13B	2.36B	2.81B	3.16B
Gross Profit	299.72M	210.31M	188.20M	421.72M	437.94M	299.71M	400.30M	698.47M	554.25M	532.23M
Gross Margin	60.65%	42.32%	38.38%	51.52%	49.07%	24.79%	26.19%	22.84%	16.47%	14.43%
Operating Expense	190.92M	217.82M	185.01M	150.92M	163.10M	152.47M	158.18M	197.20M	167.01M	225.10M
Operating Income	108.79M	-7.51M	3.19M	270.80M	274.84M	147.23M	242.12M	501.27M	387.24M	307.13M
Operating Margin	22.02%	-1.51%	0.65%	33.08%	30.80%	12.18%	15.84%	16.39%	11.50%	8.33%
EBITDA	205.85M	121.18M	97.82M	397.29M	442.45M	372.43M	426.17M	771.53M	624.98M	632.91M
EBITDA Margin	41.66%	24.38%	19.95%	48.53%	49.58%	30.81%	27.89%	25.22%	18.57%	17.16%
Net Income	23.69M	-43.14M	-67.11M	274.31M	268.11M	179.99M	223.04M	487.70M	334.62M	249.43M
Net Income Margin	4.79%	-8.68%	-13.68%	33.51%	30.04%	14.89%	14.59%	15.95%	9.94%	6.76%
Interest Expense	26.90M	47.48M	49.21M	59.23M	50.99M	40.22M	31.69M	30.66M	21.43M	56.63M
Interest Expense % of Total Revenue	5.44%	9.55%	10.03%	7.24%	5.71%	3.33%	2.07%	1.00%	0.64%	1.54%

Balance Sheet

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	2.59B	2.46B	2.26B	2.55B	2.42B	2.36B	2.57B	2.52B	3.32B	3.15B
Total Liabilities	1.48B	1.38B	1.28B	1.37B	1.17B	977.15M	967.46M	934.30M	1.38B	1.23B
Total Equity	1.11B	1.07B	983.14M	1.18B	1.25B	1.37B	1.48B	1.47B	1.81B	1.83B
Cash	80.56M	56.55M	50.08M	112.21M	90.26M	132.51M	285.74M	287.55M	279.68M	241.99M
Total Debt	1.41B	1.34B	1.23B	1.28B	1.04B	873.73M	708.90M	570.19M	1.17B	990.15M
Net Debt	1.33B	1.28B	1.18B	1.17B	953.82M	741.22M	423.16M	282.64M	893.62M	748.17M

Cash Flow

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	241.71M	72.28M	89.33M	333.75M	397.75M	307.30M	505.30M	513.36M	749.14M	543.90M
Investing Cash Flow	-232.70M	25.02M	75.74M	38.92M	-2.12M	75.72M	112.55M	68.57M	-541.21M	-49.87M
Financing Cash Flow	-22.24M	-121.32M	-171.54M	-329.23M	-432.81M	-309.73M	-522.10M	-645.29M	-138.07M	-500.35M
Capital Expenditure	229.88M	89.23M	11.77M	21.68M	66.44M	187.81M	46.30M	116.68M	602.25M	187.65M
Free Cash Flow	11.84M	-16.94M	77.56M	312.08M	331.32M	119.49M	459.00M	396.68M	146.90M	356.25M
Dividends Paid	104.89M	-	-	59.61M	126.61M	99.51M	126.70M	405.49M	388.46M	205.73M
FCF to OCF	4.90%	-23.44%	86.83%	93.51%	83.30%	38.88%	90.84%	77.27%	19.61%	65.50%
Dividend Paid to FCF	886.28%	-	-	19.10%	38.22%	83.28%	27.60%	102.22%	264.45%	57.75%

Earnings

Report Date	Mar 31, 2014	Jun 30, 2014	Sep 30, 2014	Dec 31, 2014	Mar 31, 2015	Jun 30, 2015	Sep 30, 2015	Dec 31, 2015	Mar 31, 2016	Jun 30, 2016	Sep 30, 2016	Dec 31, 2016	Mar 31, 2017	Jun 30, 2017	Sep 30, 2017	Dec 31, 2017	Mar 31, 2018	Jun 30, 2018	Sep 30, 2018	Dec 31, 2018	Mar 31, 2019	Aug 30, 2019	Nov 21, 2019	Feb 28, 2020	May 27, 2020	Aug 26, 2020	Nov 12, 2020	Mar 1, 2021	May 18, 2021	Aug 26, 2021	Nov 16, 2021	Mar 1, 2022	May 19, 2022	Aug 29, 2022	Nov 16, 2022	Feb 28, 2023	May 23, 2023	Aug 29, 2023	Nov 14, 2023	Feb 29, 2024	May 30, 2024	Aug 28, 2024	Dec 1, 2024	Feb 27, 2025	May 20, 2025	Aug 26, 2025	Dec 2, 2025	Mar 3, 2026	Jun 2, 2026	Aug 28, 2026	Nov 23, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	0.83	0.80	0.58	0.45	0.18	0.44	0.51	0.02	0.12	0.20	0.41	0.26	0.32	0.69	0.95	0.59	0.85	1.14	1.07	0.55	0.29	0.27	0.27	0.22	0.63	0.57	1.09	1.19	1.42
EPS Actual	0.22	0.53	0.64	0.48	0.43	0.61	0.79	0.61	0.44	-0.40	-0.44	0.58	0.07	-0.05	-0.19	-0.14	-0.05	-0.20	-0.02	-0.24	-0.17	0.19	0.85	1.11	0.58	0.45	0.18	0.55	0.51	0.16	0.21	0.46	0.42	0.26	0.32	0.69	0.95	0.59	0.85	1.14	1.07	0.58	0.79	0.22	0.30	0.23	0.38	0.69	1.08	0.79	-
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21%	1.99%	38.64%	-0.02%	-0.78%	-1.44%	26.05%	0.53%	721.50%	71.75%	128.00%	1.76%	1.42%	-0.13%	-0.17%	0.24%	-0.31%	0.54%	0.00%	0.00%	5.18%	170.04%	-18.86%	13.81%	4.64%	-40.37%	20.46%	-0.92%	-33.61%	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	After-hours	After-hours	Pre-market	Pre-market	After-hours	After-hours	After-hours	-	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap3.72B

Enterprise Value4.35B

Trailing P/E8.77

Forward P/E14.47

Price / Sales1.05

Price / Book1.92

EPS2.79

Book Value12.64

Revenue (TTM)3.53B

Gross Profit (TTM)889.01M

EBITDA681.29M

Profit Margin12.64%

Operating Margin13.78%

Return on Equity25.46%

Return on Assets10.04%

Shares Outstanding151.81M

Shares Float84.00M

Beta0.10

Dividend Yield10.05%

Dividend Rate2.59

Payout Ratio88.33%

Ownership Breakdown

Institutions: 39.58%
Insiders: 36.00%
Retail / Other: 24.42%

Top Fund Holders

Avantis International Small Cap Val ETF
2.37M1.56%
Alfred Berg Gambak R (NOK)
1.71M1.13%
Amundi Fds Inc Opps I2 USD C
1.57M1.04%
KLP AksjeNorge Indeks S
1.49M0.98%
Columbia Overseas Value Inst
1.35M0.89%
Vanguard Total Intl Stock Index Inv
1.32M0.87%
DNB Norge Indeks A
1.08M0.71%
Storebrand Indeks Norge A
1.04M0.69%
Alfred Berg Norge R (NOK)
913.82K0.60%
Vanguard Developed Markets Index Admiral
890.49K0.59%
Victory Pioneer Multi-Asset Income Y
835.64K0.55%
Nordnet Norge Indeks
760.82K0.50%
Alfred Berg Aktiv R (NOK)
735.50K0.48%
iShares Core MSCI EAFE ETF
734.33K0.48%
Dimensional International Value ETF
725.50K0.48%
DNB AM Norske Aksjer
625.88K0.41%
DNB Norge C
612.37K0.40%
JPM Europe Eq Pl A perf acc EUR
594.35K0.39%
JPM Eurp Eq Abs Alp A perf acc EUR
563.04K0.37%
KLP AksjeNorge Aktiv P
543.98K0.36%

Dividends

20263×

0.95Sep 8, 20260.67Jun 12, 20260.57Mar 13, 2026

20254×

0.40Dec 12, 20250.22Sep 5, 20250.28May 30, 20250.42Mar 10, 2025

20244×

0.42Dec 12, 20240.56Sep 10, 20241.00Jun 10, 20240.90Mar 5, 2024

20234×

0.80Nov 17, 20230.81Sep 1, 20230.95May 26, 20230.52Mar 3, 2023

20224×

0.25Nov 21, 20220.20Sep 1, 20220.31May 24, 20220.18Mar 4, 2022

20214×

0.10Nov 19, 20210.10Aug 31, 20210.18May 26, 20210.34Mar 4, 2021

20201×

0.15Nov 18, 2020