Brief: BW LPG Q2 Dividend $0.95

BW LPG

28/08/2026 06:41

    Aug 28 (Reuters) - BW LPG Ltd  1PE.F :
    * Q2 ROE 27%
    * Q2 DIVIDEND USD 0.95
    * Q2 NET INCOME USD -31 MILLION
    * Q2 EPS USD 0.79
    * Q2 2026 TCE INCOME – SHIPPING CONCLUDED AT US$74,000 PER
AVAILABLE DAY AND US$71,600 PER CALENDAR DAY
    * OUTLOOK 2026: SPOT VLGC EARNINGS EXPECTED TO REMAIN HIGHLY
SENSITIVE TO GEOPOLITICAL DEVELOPMENTS AND DISRUPTIONS TO GLOBAL
TRADING PATTERNS
    * FULL REOPENING OF THE STRAIT OF HORMUZ WOULD ALMOST
CERTAINLY INCREASE MIDDLE EAST LPG EXPORT VOLUMES
    * FULL REOPENING OF THE STRAIT OF HORMUZ COULD ALSO NARROW
THE US–FAR EAST ARBITRAGE AND REDUCE OVERALL TON-MILE DEMAND FOR
VLGCS
    * ASSUMING CONFLICT RESOLUTION IN Q3 2026, MIDDLE EAST
EXPORTS EXPECTED TO GRADUALLY RECOVER, FULL RECOVERY IS EXPECTED
TO TAKE 12-36 MONTHS
    * NORTH AMERICAN LPG EXPORTS EXPECTED TO CONTINUE GROWING,
SUPPORTED BY NEW EXPORT INFRASTRUCTURE, INCREASING GAS-RICH OIL
PRODUCTION FROM PERMIAN BASIN
    * RAS TANURA–CHIBA FFA MARKET FOR 2026 IS CURRENTLY
INDICATING EARNINGS SLIGHTLY BELOW US$180,000 PER DAY, ALTHOUGH
LIQUIDITY REMAINS LIMITED
    * FOR Q3, AVAILABLE FLEET DAYS ARE FIXED AT 92% AT AN
AVERAGE RATE OF ABOUT $88,000 PER DAY

Source text:  ID:nMFN2HQzyV 
Further company coverage:  1PE.F 

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