Bw Lpg Stock Price, News & Analysis

BW LPG has released a correction to its financial calendar. The company clarified that the December 2, 2025 release will be a Quarterly Report - Q3 instead of an Annual Report as previously stated.

The updated financial calendar includes the following key dates:

• Annual Report: March 19, 2025
• Q4 Report: February 27, 2025
• Half-yearly Report: August 26, 2025
• Q3 Report: December 2, 2025
• Annual General Meeting: May 15, 2025
• Q1 Report: May 20, 2025

BW LPG announced that its shares will trade ex-dividend on the Oslo Stock Exchange today and from December 12, 2024 on the New York Stock Exchange. The cash dividend for Q3 2024 amounts to US$ 0.42 per share. BW LPG is the world's leading owner and operator of LPG vessels, with a fleet capacity exceeding 3 million CBM. The company operates Very Large Gas Carriers (VLGC) and provides integrated services across the LPG value chain, including trading, terminal infrastructure, and distribution.

BW LPG has taken delivery of two Very Large Gas Carriers (VLGCs), BW Mistral and BW Polaris, from Avance Gas Holdings on December 10, 2024. This delivery is part of a larger acquisition of 12 modern VLGCs announced in August 2024, with nine vessels now delivered. As part of the transaction, BW LPG has issued 3,450,000 new shares to Avance Gas, bringing the total issued shares to 154,441,000, representing a total share capital of USD 536,359,798. Following this issuance, Avance Gas now holds a 9.35% stake in BW LPG with 14,441,000 shares.

BW LPG has taken delivery of the vessel BW Pampero from Avance Gas Holdings , marking the seventh delivery out of 12 Very Large Gas Carriers (VLGCs) acquisition announced in August 2024. As part of the transaction, BW LPG has issued 1,350,000 new shares to Avance Gas, bringing the total issued shares to 150,991,000 with a total share capital of USD 476,847,298. Following this issuance, Avance Gas now holds 10,991,000 shares in BW LPG, representing approximately 7.28% shareholding.

BW LPG has taken delivery of vessel BW Rigel from Avance Gas, marking the sixth delivery out of 12 modern Very Large Gas Carriers (VLGCs) acquisition announced in August 2024. As part of the transaction, BW LPG issued 2,141,000 new shares to Avance Gas, bringing the total issued shares to 149,641,000, with a total share capital of USD 453,559,798. Following this issuance, Avance Gas now holds a 6.44% shareholding in BW LPG with 9,641,000 shares.

BW LPG, as the world's leading owner and operator of LPG vessels, operates VLGCs with a total carrying capacity exceeding 3 million CBM, offering integrated services across the LPG value chain.

BW LPG has announced a cash dividend of US$0.42 per share for Q3 2024, approved by the Board on December 1, 2024. For shares registered with Euronext VPS Oslo Stock Exchange, the ex-date is December 11, 2024, with payment around December 27, 2024. For NYSE-registered shares, the ex-date is December 12, 2024, with payment around December 19, 2024. BW LPG, the world's leading LPG vessel operator, owns and operates Very Large Gas Carriers with a total capacity exceeding 3 million CBM.

BW LPG reported a strong Q3 2024 with a Net Profit After Tax of US$120 million, achieving a 30% annualized return on equity. The company's shipping performance showed TCE rates of US$46,800 per available day with 98% fleet utilization. A quarterly dividend of US$0.42 per share was declared, representing a 100% payout ratio of Shipping NPAT. The company completed strategic fleet renewal, selling BW Cedar and purchasing BW Kizoku. Nine Avance Gas vessels are being integrated, increasing total shares outstanding to 146.7 million. BW Product Services generated US$58M in net accounting profit, largely from unrealized MtM gains.

BW LPG has taken delivery of vessel BW Levant, marking the fifth delivery out of 12 Very Large Gas Carriers (VLGCs) being acquired from Avance Gas Holdings . As part of the transaction, BW LPG has issued 1,350,000 new shares to Avance Gas, bringing the total issued shares to 147,500,000 with a total share capital of USD 416,627,548. Following this issuance, Avance Gas now holds 7,500,000 shares in BW LPG, representing approximately 5.08% shareholding.

BW LPG has taken delivery of the vessel BW Sirocco from Avance Gas Holdings on November 21, 2024, marking the third delivery out of 12 planned Very Large Gas Carriers (VLGCs) acquisitions 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 144,800,000 with a total share capital of USD 370,052,548. Following this issuance, Avance Gas now holds 4,800,000 shares in BW LPG, representing approximately 3.31% shareholding.