BW LPG (BWLP) Stock News

BW LPG (NYSE: BWLP) has placed a USD 300 million senior unsecured convertible bond offering due 9 September 2031, issued at par with a fixed 2.25% annual coupon, paid semi-annually from March 2027. The bonds are convertible into new shares at an initial price of USD 30.4870 per share, representing a 40% premium to the reference share price from a concurrent share placement and adjusted for a planned USD 0.95 per-share dividend.

According to BW LPG, net proceeds will partly finance its eight Panamax VLGC newbuilds with Hyundai Heavy Industries and fund general corporate purposes. Investors have put options after three years and upon specified corporate events, while the company holds call options from late 2029 subject to share price conditions.

BW LPG (NYSE: BWLP) has launched an offering of senior unsecured convertible bonds due 9 September 2031 with an aggregate principal amount of approximately USD 300 million. The Bonds, denominated at USD 200,000 and issued at par, are expected to carry a coupon of 2.00%–2.50% per annum, payable semi-annually.

The initial conversion price will reflect a 35%–40% premium over a reference share price derived from a concurrent share placement, adjusted for a USD 0.95 dividend. Net proceeds are intended to partly finance BW LPG’s eight Panamax VLGC newbuilds with Hyundai Heavy Industries and for general corporate purposes.

BW LPG (NYSE: BWLP, OSE: BWLPG.OL) has approved a Q2 2026 cash dividend of US$0.95 per share, equivalent to NOK 8.8914 for shares registered in Euronext VPS. The record date is 8 September 2026, with last trading day including dividend rights on 4 September 2026.

For Oslo-listed shares, the ex-date is 7 September 2026; for NYSE-listed shares, the ex-date is 8 September 2026. According to BW LPG, dividend payment is expected on or about 16 September 2026 for both markets.

BW LPG (NYSE: BWLP) reported Q2 2026 Net Profit After Tax of US$138 million, with profit attributable to equity holders of US$120 million and EPS of US$0.79, driven mainly by shipping. Liquidity stood at US$773 million and net leverage fell to 23.5%.

Shipping TCE income was US$274.9 million, or US$74,000 per available day, supported by 53% time-charter coverage. Product Services generated a realised trading gain of US$127 million but reported a gross loss of US$18 million due to a US$145 million non-cash mark-to-market adjustment.

The Board declared a Q2 cash dividend of US$0.95 per share, equal to 100% of Shipping NPAT. Subsequent asset sales of BW Elm, BW Birch and BW Levant are expected to deliver combined net book gains of about US$90 million and cash proceeds of roughly US$166 million. For Q3 2026, around 92% of available fleet days are fixed at about US$88,000 per day.

BW LPG (NYSE: BWLP) announced that its 52%-owned subsidiary BW LPG India has agreed to sell the 2007-built LPG carrier BW Birch for continued trading. On a 100% basis, the sale is expected to generate a net book gain of about US$37 million and net cash proceeds of around US$64 million.

The vessel is on a time charter and is scheduled for delivery to the buyer by mid-November at the latest. According to BW LPG, the transaction value is equivalent to a newbuilding price of approximately US$248 million and is in line with its fleet renewal programme.

BW LPG (NYSE: BWLP) will release its Q2 2026 Financial Report on Friday, 28 August 2026 at approximately 07:00 CEST / 01:00 EDT / 13:00 SGT. The company will host a live Zoom earnings presentation on the same day, led by CEO Kristian Sørensen and CFO Samantha Xu.

The presentation is scheduled for 14:00 CEST in Oslo, 08:00 EDT in New York, and 20:00 SGT in Singapore. Investors must register in advance via BW LPG’s Zoom registration link to receive access details. A recording will be made available afterwards on the company’s investor website. BW LPG highlights its position as a leading owner and operator of about 50 VLGCs, including over 20 LPG dual-fuel vessels, supported by an in-house LPG trading division and association with BW Group.

BW LPG (NYSE: BWLP) has agreed to sell the 2015-built LPG carrier BW Levant, which it acquired in the 2024 Avance Gas transaction. The sale is expected to deliver an estimated net book gain of about US$17 million and net cash proceeds of around US$38 million.

The vessel is scheduled for delivery to the buyer by mid-November, allowing BW LPG to continue earning revenue in what it describes as a strong freight market. According to BW LPG, the transaction supports its fleet renewal strategy and active asset management approach across a fleet of about 50 VLGCs.

BW LPG (NYSE: BWLP) reported a Q2 2026 gross trading result of approximately minus USD 19 million for its Product Services segment. This reflects a USD 127 million realised trading gain from cargo, freight and hedging transactions and a negative USD 146 million unrealised mark-to-market change on open positions.

After general and administrative expenses and income taxes, BW Product Services recorded an estimated net result of about minus USD 31 million. The segment’s average Value-at-Risk for the quarter was around USD 17 million, which the company links to increased market volatility. BW LPG plans to include these figures in its Q2 2026 results release on 28 August 2026, and states that its trading portfolio remains net positive due to active risk management.

BW LPG (NYSE: BWLP) announced that its 52%-owned subsidiary BW LPG India has agreed to sell the 2007-built LPG carrier BW Elm for continued trading. On a 100% basis, the transaction is expected to generate a net book gain of about US$36 million and net cash proceeds of around US$64 million.

The vessel is scheduled to be delivered to the buyer by mid-August. According to BW LPG, the sale price corresponds to a level equivalent to a newbuilding price of about US$248 million, and aligns with its strategy of divesting older ships while investing in new tonnage.