Announcement • May 30
BW LPG Limited Announces Appointment of Kevin James Mackay as Board Member BW LPG Limited had appointed Kevin James Mackay as a Member of the Board of Directors. Mr. Mackay brought with him more than 35 years of extensive global leadership and management experience across the maritime and energy industries. Over the course of his career, he had held a number of senior executive positions at leading international organisations, including ConocoPhillips, Phillips 66 and AET Inc. Most recently, he served as President and Chief Executive Officer of NYSE-listed Teekay Tankers Ltd. for a decade, where he successfully led the company through a period of significant transformational growth. Announcement • Mar 03
Bw Lpg Limited Declares Dividend for Fourth Quarter of 2025, March 23, 2026 The board of BW LPG Limited declared cash dividend of USD 0.57 per share for the fourth quarter of 2025. For shares registered with Euronext VPS, dividend per share is NOK 5.4297. The record date is March 13, 2026, Ex-date: March 12, 2026 and March 13, 2026. The Dividend payment date is On or about 23 March 2026. Announcement • Dec 13
BW LPG Limited, Annual General Meeting, May 28, 2026 BW LPG Limited, Annual General Meeting, May 28, 2026. Announcement • Dec 02
BW LPG Limited Announces Cash Dividend for the Third Quarter of 2025, Payable on or About 22 December 2025 BW LPG Limited has approved a Cash dividend of USD 0.40 per share on 1 December 2025 for the third quarter of 2025. For shares registered with Euronext
VPS, dividend per share is NOK 4.0474. Record date: 12 December 2025. Ex-date for Shares registered with Euronext VPS: 11 December 2025. Dividend payment date: On or about 22 December 2025. Last trading day including the right to receive this dividend for Shares registered with Euronext VPS: 10 December 2025. Announcement • Aug 26
BW LPG Limited Declares Cash Dividend for the Second Quarter of 2025, Payable on or About 18 September 2025 BW LPG Limited Board has approved a cash dividend of USD 0.22 per share on 25 August 2025 for the second quarter of 2025 . Dividends payable to shares registered with Euronext VPS will be distributed in NOK, with the exchange rate made available on the day of payment. Record date: 5 September 2025. Last trading day including the right to receive this dividend: 3 September 2025. Ex-date: 4 September 2025. Dividend payment date: On or about 18 September 2025. Last trading day including the right to receive this dividend: 4 September 2025. Ex-date: 5 September 2025. Dividend payment date: On or about 15 September 2025. Announcement • May 20
BW LPG Limited Declares Cash Dividend for the First Quarter of 2025 BW LPG Limited declared cash dividend of USD 0.28 per share for the first quarter of 2025. Announcement • May 16
BW LPG Limited Approves Appointment of Nomination Committee BW LPG Limited announced at annual general meeting held on May 15, 2025, approved to appoint the following persons to the Nomination Committee: Ms. Alicia Yik Jie Ting as a member of the Nomination Committee and Ms. Elaine Yew Wen Suen as Chair of the Nomination Committee. Announcement • Apr 08
BW LPG Limited (OB:BWLPG) announces an Equity Buyback for 3,000,000 shares, for $20 million. BW LPG Limited (OB:BWLPG) announces a share repurchase program. Under the program the company will repurchase 3,000,000 shares, for $20 million. The shares purchased will be held as treasury stock. The program is valid till April 17, 2025. Announcement • Feb 27
BW LPG Limited Approves Dividend, Payable on or About 19 March 2025 and 24 March 2025 Respectively BW LPG Limited's Board has approved a dividend of USD 0.42 per share on 26 February 2025. Dividends payable to shares registered with Euronext VPS will be distributed in NOK, with the exchange rate made available on the day of payment. Record date: 10 March 2025. Ex-date: 7 March 2025. Dividend payment date: On or about 24 March 2025. Ex-date: 10 March 2025. Dividend payment date: On or about 19 March 2025. Announcement • Dec 02
BW LPG Limited Declares Cash Dividend for the Third Quarter of 2024, Payable on or About 27 December 2024 The Board of BW LPG Limited has declared a cash dividend of USD 0.42 per share, representing 100% payout ratio of Shipping NPAT and an annualised dividend yield of 14%. Total Third Quarter dividend amount to USD 61.6 million based on 146.7 million shares outstanding. The Board has approved a dividend of USD 0.42 per share on 1 December 2024. Dividends payable to shares registered with Euronext VPS will be distributed in NOK, with the exchange rate made available on the day of payment. Record date: 12 December 2024. Shares registered with Euronext VPS Oslo Stock Exchange: Last trading day including the right to receive this dividend: 10 December 2024. Ex-date: 11 December 2024. Dividend payment date is On or about 27 December 2024. Shares registered with Depository Trust Company - NYSE: Last trading day including the right to receive this dividend: 11 December 2024. Ex-date: 12 December 2024. Dividend payment date: On or about 19 December 2024. Announcement • Aug 22
BW LPG Limited Approves Second Quarter 2024 Dividend, Payable on or About 30 September 2024 The Board of BW LPG Limited has approved second quarter 2024 dividend of USD 0.58 per share on 21 August 2024. Dividends payable to shares registered with Euronext VPS will be distributed in NOK, with the exchange rate made available on the day of payment. Record date is 10 September 2024. Ex-date is 9 September 2024. Dividend payment date is On or about 30 September 2024. Last trading day including the right to receive this dividend is 6 September 2024. Announcement • May 31
BW LPG Limited Approves Cash Dividend for the First Quarter of 2024, Payable On or About 28 June 2024 BW LPG Limited approved cash dividend of USD 1.00 per share for the first quarter of 2024. Dividends payable to shares registered with Euronext VPS will be distributed in NOK. Date of approval is 29 May 2024. Record date is 10 June 2024. Last trading day including the right to receive this dividend is 6 June 2024 Ex-date is 7 June 2024 Dividend payment date is On or about 28 June 2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to kr175, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 395% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr109, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 1x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 273% over the past three years. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: US$3.53 (vs US$1.68 in FY 2022) Full year 2023 results: EPS: US$3.53 (up from US$1.68 in FY 2022). Revenue: US$2.95b (up 89% from FY 2022). Net income: US$470.0m (up 107% from FY 2022). Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 63% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 31% per year. Announcement • Feb 29
BW LPG Limited Approves Cash Dividend for the Fourth Quarter of 2023, Payable on 22 March 2024 BW LPG Limited approved cash dividend of USD 0.90 or NOK 9.478 per share for the fourth quarter of 2023. Ex-date: 5 March 2024, Record date: 6 March 2024 and Dividend payment date: 22 March 2024. Announcement • Feb 15
Bw Lpg Limited Approves Appointment of Sanjiv Misra as Director BW LPG Limited announced that at the Special General Meeting held on 14 February 2024, approved Mr. Sanjiv Misra be and is hereby appointed as Director of the Company. Mr. Misra is currently Chairman and Non-Executive Director of several companies and Boards. Mr. Misra began his investment banking career with Goldman Sachs & Co in 1986 and joined Citigroup in 1997; and he has held leadership positions in both organizations over the years. Announcement • Feb 14
BW LPG Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 BW LPG Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Feb 06
BW LPG Limited, Annual General Meeting, May 20, 2024 BW LPG Limited, Annual General Meeting, May 20, 2024. Announcement • Jan 10
BW LPG Limited Announces Executive Changes BW LPG Limited announced that Niels Rigault, Executive Vice President (Commercial), is stepping down as Head of Commercial of BW LPG and will leave the Company after handing his portfolio over to Kristian Sørensen, Chief Executive Officer (CEO). The latter will manage the role of Head of Commercial in the interim and Mr. Rigault will be available for the company to ensure a proper handover during the transition. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: US$0.85 (vs US$0.32 in 3Q 2022) Third quarter 2023 results: EPS: US$0.85 (up from US$0.32 in 3Q 2022). Revenue: US$713.5m (up 216% from 3Q 2022). Net income: US$113.0m (up 161% from 3Q 2022). Profit margin: 16% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 56% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 15
BW LPG Limited Announces Cash Dividend for Third Quarter 2023, Payable on 15 December 2023 BW LPG Limited announced cash dividend for third quarter 2023. Dividend amount: USD 0.80 or NOK 8.890 per share; Last day the stock is trading including the right to receive this dividend: 16 November 2023; Ex-date: 17 November 2023; Dividend payment date: 15 December 2023; Date of approval: 13 November 2023; Record date: 20 November 2023. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr168, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 561% over the past three years. New Risk • Oct 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (99% payout ratio). Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr138, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 498% over the past three years. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 47% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 47% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Aug 30
BW LPG Limited Announces Cash Dividend for the Second Quarter of 2023, Payable on 15 September 2023 BW LPG Limited provided the following key information relating to its cash dividend for first quarter of 2023. Dividend amount: USD 0.81 or NOK 8.668 per share. Ex-date: 1 September 2023. Dividend payment date: 15 September 2023. Date of approval: 28 August 2023. Record date: 4 September 2023. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr121, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 384% over the past three years. Announcement • Jul 07
BW LPG Limited Announces Management Changes BW LPG Limited announced that Anders Onarheim is stepping down as CEO with effect from 30th September 2023. The Board of Directors has appointed Kristian Sørensen, Deputy CEO and Head of Strategy, to succeed Anders as CEO. His experience and insights during his tenure as a non-executive director from 2010 to 2020, and as CEO from 2020 to 2023. Recent Insider Transactions • Jun 27
Head of Strategy & Deputy CEO recently bought kr402k worth of stock On the 26th of June, Kristian Sorensen bought around 4k shares on-market at roughly kr106 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jun 01
BW LPG Limited Appoints Ms Samantha Xu as Chief Financial Officer, Effective 1 September 2023 BW LPG Limited announced that it has appointed Ms Samantha Xu as Chief Financial Officer (CFO), effective 1 September 2023. Ms Xu has over 20 years of international finance experience in shipping and energy. She has held various financial leadership roles for leading companies in Asia, Europe and the Middle East, where she was involved in board governance, investment and risk management, project financing, and M&A activities. Announcement • May 26
Bw Lpg Limited Announces Elaine Ong to Step Down as CFO BW LPG Limited announces hat Elaine Ong has decided to step down as CFO to pursue other interests, with ffect from today. Iver Baatvik, Head of Corporate Development and Investor elations, will act as interim CFO of BW LPG. Reported Earnings • May 24
First quarter 2023 earnings released: EPS: US$0.95 (vs US$0.42 in 1Q 2022) First quarter 2023 results: EPS: US$0.95 (up from US$0.42 in 1Q 2022). Revenue: US$893.1m (up 340% from 1Q 2022). Net income: US$127.2m (up 126% from 1Q 2022). Profit margin: 14% (down from 28% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 31% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • May 17
BW LPG Limited Approves Board Changes BW LPG Limited announced that the AGM has elected Mr. Luc Gillet as a new member of the Company's board of directors. Mr. Gillet is a graduated engineer from Ecole Nationale Supérieure de Techniques avancées (1980) and holds an EMBA of HEC (1991). He currently serves as an independent director of Orion Global Transport France (OGTF), an owner and operator of LNG vessels. Prior to this, Mr. Gillet was Senior Vice President Shipping at TotalEnergies and President of the Chartering affiliate CSSA. Mr. Gillet’s bio is available at the following link: https://tinyurl.com/BWLPG-Luc-Gillet Ms Martha Kold Bakkevig, a member of the Company's board of directors since August 2017 and a member of the Company's remuneration committee since October 2018, has decided to step down as of 15 May 2023. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$1.68 (vs US$1.33 in FY 2021) Full year 2022 results: EPS: US$1.68 (up from US$1.33 in FY 2021). Revenue: US$1.56b (up 127% from FY 2021). Net income: US$227.4m (up 23% from FY 2021). Profit margin: 14% (down from 27% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 66% p.a. on average during the next 2 years compared to a 4.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr82.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr149 per share. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr65.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 34% over the past three years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: US$0.32 (vs US$0.21 in 3Q 2021) Third quarter 2022 results: EPS: US$0.32 (up from US$0.21 in 3Q 2021). Revenue: US$225.8m (up 44% from 3Q 2021). Net income: US$43.4m (up 52% from 3Q 2021). Profit margin: 19% (up from 18% in 3Q 2021). Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 6.5% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 17% share price gain to kr78.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorated over the past week After last week's 21% share price decline to kr64.95, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 105% over the past three years. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.16 in 2Q 2021) Second quarter 2022 results: EPS: US$0.26 (up from US$0.16 in 2Q 2021). Revenue: US$202.3m (up 42% from 2Q 2021). Net income: US$35.8m (up 58% from 2Q 2021). Profit margin: 18% (up from 16% in 2Q 2021). Over the next year, revenue is expected to shrink by 37% compared to a 18% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: US$0.41 (vs US$0.51 in 1Q 2021) First quarter 2022 results: EPS: US$0.41 (down from US$0.51 in 1Q 2021). Revenue: US$203.2m (down 1.1% from 1Q 2021). Net income: US$56.3m (down 21% from 1Q 2021). Profit margin: 28% (down from 35% in 1Q 2021). Over the next year, revenue is expected to shrink by 33% compared to a 24% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Recent Insider Transactions • Mar 09
Executive Vice President of Commercial recently sold kr9.2m worth of stock On the 7th of March, Niels Rigault sold around 185k shares on-market at roughly kr49.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr16m more than they bought in the last 12 months. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$1.33 (down from US$1.76 in FY 2020). Revenue: US$687.8m (down 15% from FY 2020). Net income: US$184.8m (down 24% from FY 2020). Profit margin: 27% (down from 30% in FY 2020). Revenue missed analyst estimates by 6.6%. Over the next year, revenue is expected to shrink by 27% compared to a 29% growth forecast for the oil industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 18% share price gain to kr49.34, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 173% over the past three years. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS US$0.21 (vs US$0.18 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$156.4m (up 3.1% from 3Q 2020). Net income: US$28.5m (up 16% from 3Q 2020). Profit margin: 18% (up from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS US$0.16 (vs US$0.45 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$142.7m (down 35% from 2Q 2020). Net income: US$22.7m (down 63% from 2Q 2020). Profit margin: 16% (down from 28% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 03
Executive Vice President of Commercial recently sold kr4.8m worth of stock On the 1st of March, Niels Rigault sold around 96k shares on-market at roughly kr49.65 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$1.76 (vs US$1.97 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$811.7m (flat on FY 2019). Net income: US$243.9m (down 11% from FY 2019). Profit margin: 30% (down from 34% in FY 2019). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 26
New 90-day low: kr54.00 The company is down 9.0% from its price of kr59.20 on 27 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr114 per share. Is New 90 Day High Low • Jan 05
New 90-day high: kr63.80 The company is up 60% from its price of kr39.86 on 07 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr80.13 per share. Is New 90 Day High Low • Dec 15
New 90-day high: kr62.95 The company is up 65% from its price of kr38.08 on 16 September 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr68.11 per share.