BW LPG Posts Q4 EPS and Revenue Beat, Approves $0.57 Dividend
BW LPG posted Q4 adjusted EPS of $0.69 versus $0.51 expected and revenue of $258.2 million, driving net profit of $123 million. The board approved a $0.57 cash dividend equal to 100% of Q4 shipping NPAT, and 36% of fleet capacity is fixed at $43,700/day with 4% hedged at $47,900/day.
1. Fourth-Quarter Results
BW LPG delivered Q4 adjusted earnings per share of $0.69, beating the $0.51 forecast, and reported revenue of $258.2 million that surpassed consensus by $47.4 million, resulting in net profit of $123 million.
2. Dividend Declaration
The board approved a $0.57 cash dividend per share equal to 100% of Q4 shipping net profit after tax, marking the company’s full distribution of shipping segment earnings for the quarter.
3. Fleet Capacity Coverage
For the current fiscal year, BW LPG has fixed 36% of its fleet capacity under time charters at $43,700 per day and secured an additional 4% through forward freight agreements hedged at $47,900 per day.
4. Product Services Performance
The Product Services segment achieved gross profit of $27 million and net profit of $23 million for the year, underscoring growing contributions beyond core shipping operations.