Streetbeat News

BWLP

BW LPG Limited

https://www.bwlpg.com/

Industry

Marine Shipping

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services. It owns and operates LPG vessels and a fleet of very large gas carriers. The company was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013. BW LPG Limited was founded in 1935 and is headquartered in Singapore.

Open

13.41

Mkt cap

1.8B

Volume

280K

High

13.64

P/E Ratio

3.72

52-wk high

22.31

Low

13.36

Div yield

0.18

52-wk low

10.32

BW LPG has acquired the vessel BW Chinook from Avance Gas, issuing 1.35 million new BW LPG shares to Avance Gas as part of the payment.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:44 am

BW LPG's Product Services reported a net profit of $60 million for Q3 2024, with a gross profit of $71 million driven by unrealized gains and trading profits. The average Value-At-Risk for the quarter was $5 million.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:43 am

Oil and gas company shares are declining due to reports of a potential deal to restart Libyan oil production and exports.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:33 pm

BW LPG shares are experiencing a rise in trading following the release of their Q2 financial results, indicating potential continued strength.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 7:06 pm

CAVA Group reported strong Q2 results, beating earnings and sales estimates, leading to a 17% stock price increase. Other stocks like Bilibili, Workday, and Roku also saw gains due to upgrades and positive earnings.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 2:22 pm

Urban Outfitters reported strong Q2 earnings, beating analyst estimates, but its stock fell 11% in pre-market trading. Other stocks like Canadian Solar, Snowflake, and Lufax also saw declines following their earnings reports.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 12:58 pm

BW LPG reported a slight decrease in Q2 EPS to $0.58 from $0.59 YoY, but profit after tax increased to $84.9M from $78.2M YoY. The company declared a Q2 2024 cash dividend of $0.58 per share and announced the acquisition of 12 VLGCs from Avance Gas for $1,050 million. BW LPG also completed its redomiciliation to Singapore and noted increased trading volume due to its US listing.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:17 am

Several stocks experienced declines in Monday's pre-market session. Liquidia Corporation saw a significant drop after FDA's tentative approval of YUTREPIA. Shake Shack was downgraded by Piper Sandler, contributing to its decline. Other stocks like YXT.COM, Mereo BioPharma, and Serve Robotics also faced losses.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 12:27 pm

BW LPG has agreed to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas for $1.05 billion. The acquisition includes four dual fuel VLGCs built in 2022 and 2023, and eight scrubber-fitted VLGCs built in 2015. The transaction will be funded through the issuance of 19.282 million new BW LPG shares to Avance Gas, a cash consideration of $585.4 million, and a shareholder loan from BW Group.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:25 am

BW LPG reported a gross profit of $26 million for Q2 2024 in its Product Services segment, which includes realized trading profit and net derivative gains and losses from open cargo contracts and hedging transactions.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:52 am

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