Bw Lpg Stock Price, News & Analysis

BW LPG (BWLP) reported Q4 2024 financial results with a Net Profit After Tax of US$40 million, achieving an annualized return on equity of 9%. The company declared a Q4 cash dividend of US$0.42 per share, representing a 14% annualized yield.

Key highlights include:

• TCE income for Shipping Q4 2024 at US$37,900 per available day
• Completion of acquisition of 12 modern VLGCs from Avance Gas
• Product Services achieved US$15 million gross profit
• Fleet coverage: 31% covered by time charter at US$44,800 per day for 2025

The company expanded its fleet through strategic acquisitions, including BW Kizoku for US$69.8 million and exercising purchase option for BW Yushi at US$70 million. The sale of BW Cedar generated US$65 million in proceeds with a US$32 million net book gain. The net leverage ratio increased to 32.7% from 20.5% year-over-year.

BW LPG (NYSE: BWLP) has announced it will release its Q4 2024 Financial Report on February 27, 2025, at 0700hrs CET. The company will host an earnings presentation featuring CEO Kristian Sørensen and CFO Samantha Xu, which will be conducted via Zoom at 14:00 CET (08:00 EST, 21:00 SGT).

BW LPG, the world's leading owner and operator of LPG vessels, manages Very Large Gas Carriers (VLGC) with a total carrying capacity exceeding 4 million CBM. The company is associated with BW Group, which controls a fleet of over 450 vessels, including 200 LNG and LPG ships, making it the largest gas fleet globally.

BW LPG has reported its Product Services segment performance for Q4 2024, achieving an estimated gross profit of USD 14 million. The quarter's results include a USD 58 million gain from realized trading positions, offset by a USD 44 million unrealized negative movement from mark-to-market valuations of open cargo contracts and hedging transactions.

The segment posted an estimated net profit of USD 3 million after accounting for general and administrative expenses and income taxes. The quarter maintained an average Value-At-Risk (VAR) of approximately USD 7 million. For the full fiscal year 2024, Product Services achieved total realized gains of approximately USD 93 million, with free cash exceeding USD 100 million at year-end.

BW LPG has successfully completed the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas with the delivery of the final vessel, BW Avior, on December 31, 2024. The total transaction value was USD 1,050 million, funded through USD 585.4 million in cash, USD 132 million in sale-leaseback vessel novation, and the issuance of 19.282 million new shares valued at USD 17.25 per share.

Following the transaction, BW LPG now operates 53 VLGCs, including 22 LPG dual-fuel vessels, maintaining its position as the world's largest VLGC owner and operator. The company plans to maintain a balanced chartering strategy with 35-40% fleet capacity coverage using time charters and Freight Forward Agreements. Current spot market rates are in the USD mid-40,000s per day, with a positive outlook for 2025.

BW LPG (NYSE: BWLP) announced insider share purchases by two key executives. CEO Kristian Sørensen acquired 1,000 shares at NOK 114.6 per share, bringing his total holdings to 7,000 shares. CFO Samantha Xu purchased 2,000 shares at USD 10.0 per share, establishing an initial position of 2,000 shares.

BW LPG is the world's leading owner and operator of LPG vessels, with a fleet of Very Large Gas Carriers (VLGC) having a total carrying capacity exceeding 3 million CBM. The company provides integrated services across the LPG value chain, including vessel operations, trading, and terminal infrastructure.

BW LPG announced that CEO Kristian Sørensen has purchased 1,000 shares at NOK 115 per share on December 19, 2024, bringing his total holdings to 6,000 shares. BW LPG is the world's leading owner and operator of LPG vessels, with a fleet of Very Large Gas Carriers (VLGC) having a total carrying capacity exceeding 3 million CBM. The company is associated with BW Group, which controls over 450 vessels, including the world's largest gas fleet of 200 LNG and LPG ships.

BW LPG has taken delivery of the vessel BW Monsoon from Avance Gas on December 18, 2024, marking the 11th delivery out of 12 Very Large Gas Carriers (VLGCs) acquisition announced in August 2024. As part of the transaction, BW LPG issued 1,350,000 new shares to Avance Gas, bringing the total issued shares to 157,141,000, representing a total share capital of USD 582,934,798. Following this issuance, Avance Gas now holds 17,141,000 shares in BW LPG, equivalent to approximately 10.91% shareholding.

BW LPG has taken delivery of the vessel BW Breeze from Avance Gas, marking the 10th delivery out of 12 Very Large Gas Carriers (VLGCs) acquisition announced on August 15, 2024. As part of the transaction, BW LPG issued 1,350,000 new shares to Avance Gas, bringing the total issued shares to 155,791,000 with a share capital of USD 559,647,298. Following this issuance, Avance Gas now holds a 10.14% stake in BW LPG with 15,791,000 shares.

BW LPG, the world's leading LPG vessel owner and operator, manages VLGCs with over 3 million CBM total carrying capacity, offering integrated services across the LPG value chain through its shipping operations, trading division, and terminal infrastructure.

BW LPG has taken delivery of vessel BW Breeze from Avance Gas, marking the tenth delivery out of 12 modern Very Large Gas Carriers (VLGCs) acquisition announced on August 15, 2024. As part of the transaction, BW LPG issued 1,350,000 new shares to Avance Gas, bringing the total issued shares to 155,791,000 with a total share capital of USD 559,647,298. Following this issuance, Avance Gas now holds 15,791,000 shares in BW LPG, representing approximately 10.14% shareholding.

BW LPG is the world's leading owner and operator of LPG vessels, with a total carrying capacity exceeding 3 million CBM. The company offers integrated services across the LPG value chain, leveraging five decades of operating experience.