Latest news with #BWLPGLtd
Yahoo
21-05-2025
- Business
- Yahoo
BW LPG Ltd (BWLP) Q1 2025 Earnings Call Highlights: Navigating Market Volatility with Strategic ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. BW LPG Ltd (NYSE:BWLP) reported a TC income of $39,800 per available day, exceeding their guidance of $36,000 per day. The company declared dividends of $0.28 per share, translating to an annualized dividend yield of 10%. BW LPG Ltd (NYSE:BWLP) successfully concluded a Japanese Joelco lease for one vessel and is in the final stages of refinancing a $380 million bank loan. The company reactivated its share buyback program, which positively impacted the share price. BW LPG Ltd (NYSE:BWLP) achieved a TCE per calendar day of $38,800, demonstrating strong performance in a volatile market. BW LPG Ltd (NYSE:BWLP) reported a net loss after tax of $12.5 million for the first quarter due to a downward adjustment in the valuation of unrealized positions. The company decided to discontinue its involvement in the LPG import terminal outside Mumbai due to increased geopolitical risks. The US-China tariff war led to a halt in US-China LPG trade, causing freight rates to stumble. The company faced a gross loss of $4 million in its product services segment due to market valuation changes. BW LPG Ltd (NYSE:BWLP) experienced a sharp drop in spot rates from $40,000 per day to $10,000 per day within three days due to Chinese import tariffs. Warning! GuruFocus has detected 5 Warning Signs with BWLP. Q: Why did BW LPG decide to exit the LPG import terminal project in India? A: CEO Christian Sorensen explained that the decision was due to the challenging market environment and geopolitical turmoil. The company decided to focus on its core value drivers, which are shipping and trading, rather than the terminal investment, which was a relatively modest investment compared to the balance sheet. Q: Is BW LPG open to continuing share buybacks if stock prices fall again? A: CEO Christian Sorensen stated that while the main way to return value to shareholders is through dividends, the company has renewed its share buyback program. The program can be reactivated when the directors find it timely, but dividends will remain the primary method of returning value. Q: Does BW LPG have extension options on its existing time charter contracts? A: CEO Christian Sorensen noted that some time charters have options, but they are on the charterer's side, not BW LPG's. The company aims to increase the share of time charters in its shipping portfolio but will do so at attractive levels. Q: How did the tariff turmoil affect BW LPG's trading operations, and is there visibility on Q2 results? A: CEO Christian Sorensen refrained from commenting specifically on the trading portfolio due to its dynamic nature. A new trading update will be provided in mid-July, which will give more insight into the second quarter's status. Q: What is the confidence level for the product service's Value at Risk (VAR)? A: CFO Samantha Xu confirmed that the confidence level for the product service's VAR is 95%. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
BW LPG Ltd (BWLP) Q1 2025 Earnings Call Highlights: Navigating Market Volatility with Strategic ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. BW LPG Ltd (NYSE:BWLP) reported a TC income of $39,800 per available day, exceeding their guidance of $36,000 per day. The company declared dividends of $0.28 per share, translating to an annualized dividend yield of 10%. BW LPG Ltd (NYSE:BWLP) successfully concluded a Japanese Joelco lease for one vessel and is in the final stages of refinancing a $380 million bank loan. The company reactivated its share buyback program, which positively impacted the share price. BW LPG Ltd (NYSE:BWLP) achieved a TCE per calendar day of $38,800, demonstrating strong performance in a volatile market. BW LPG Ltd (NYSE:BWLP) reported a net loss after tax of $12.5 million for the first quarter due to a downward adjustment in the valuation of unrealized positions. The company decided to discontinue its involvement in the LPG import terminal outside Mumbai due to increased geopolitical risks. The US-China tariff war led to a halt in US-China LPG trade, causing freight rates to stumble. The company faced a gross loss of $4 million in its product services segment due to market valuation changes. BW LPG Ltd (NYSE:BWLP) experienced a sharp drop in spot rates from $40,000 per day to $10,000 per day within three days due to Chinese import tariffs. Warning! GuruFocus has detected 5 Warning Signs with BWLP. Q: Why did BW LPG decide to exit the LPG import terminal project in India? A: CEO Christian Sorensen explained that the decision was due to the challenging market environment and geopolitical turmoil. The company decided to focus on its core value drivers, which are shipping and trading, rather than the terminal investment, which was a relatively modest investment compared to the balance sheet. Q: Is BW LPG open to continuing share buybacks if stock prices fall again? A: CEO Christian Sorensen stated that while the main way to return value to shareholders is through dividends, the company has renewed its share buyback program. The program can be reactivated when the directors find it timely, but dividends will remain the primary method of returning value. Q: Does BW LPG have extension options on its existing time charter contracts? A: CEO Christian Sorensen noted that some time charters have options, but they are on the charterer's side, not BW LPG's. The company aims to increase the share of time charters in its shipping portfolio but will do so at attractive levels. Q: How did the tariff turmoil affect BW LPG's trading operations, and is there visibility on Q2 results? A: CEO Christian Sorensen refrained from commenting specifically on the trading portfolio due to its dynamic nature. A new trading update will be provided in mid-July, which will give more insight into the second quarter's status. Q: What is the confidence level for the product service's Value at Risk (VAR)? A: CFO Samantha Xu confirmed that the confidence level for the product service's VAR is 95%. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Insider
18-05-2025
- Business
- Business Insider
BW LPG Ltd (0QIX) Gets a Buy from Kepler Capital
In a report released on May 16, Axel Styrman from Kepler Capital maintained a Buy rating on BW LPG Ltd (0QIX – Research Report), with a price target of NOK164.00. The company's shares closed last Friday at NOK77.85. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and Torm. According to TipRanks, Styrman has an average return of -6.0% and a 35.59% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for BW LPG Ltd. The company has a one-year high of NOK224.60 and a one-year low of NOK81.20. Currently, BW LPG Ltd has an average volume of 32.95K.
