Latest news with #SamanthaXu
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 Wire
06-05-2025
- Business
- Business Wire
BW LPG Limited – Q1 2025 Financial Report Release and Earnings Presentation on 20 May 2025
SINGAPORE--(BUSINESS WIRE)--BW LPG Limited ('BW LPG', the 'Company', OSE ticker code: ' NYSE ticker code: 'BWLP') will release its Q1 2025 Financial Report at approximately 07:00hrs CEST/ 01:00hrs EDT/ 13:00hrs SGT on 20 May 2025. In connection with this release, BW LPG will hold an Earnings Presentation with Kristian Sørensen (CEO) and Samantha Xu (CFO). The details are as following: Location and Time: Oslo, Norway (14:00 CEST) New York, USA (08:00 EDT) Singapore, Singapore (20:00 SGT) The financial results presentation will be held live via Zoom. Please register in advance via the following link: A confirmation email will be sent, with information on how to join the Zoom meeting. A recording of the presentation will also be available after the event on the Company's website at About BW LPG BW LPG is the world's leading owner and operator of LPG vessels, owning and operating a fleet of more than 50 Very Large Gas Carriers (VLGCs) with a total carrying capacity of over 4 million CBM. With five decades of operating experience in LPG shipping, an in-house LPG trading division and a growing presence in LPG terminal infrastructure and distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain. Delivering energy for a better world - more information about BW LPG can be found at BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, and water treatment. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Yahoo
06-05-2025
- Business
- Yahoo
BW LPG Limited – Q1 2025 Financial Report Release and Earnings Presentation on 20 May 2025
SINGAPORE, May 06, 2025--(BUSINESS WIRE)--BW LPG Limited ("BW LPG", the "Company", OSE ticker code: " NYSE ticker code: "BWLP") will release its Q1 2025 Financial Report at approximately 07:00hrs CEST/ 01:00hrs EDT/ 13:00hrs SGT on 20 May 2025. In connection with this release, BW LPG will hold an Earnings Presentation with Kristian Sørensen (CEO) and Samantha Xu (CFO). The details are as following: Date: Tuesday, 20 May 2025 Location and Time:Oslo, Norway (14:00 CEST)New York, USA (08:00 EDT)Singapore, Singapore (20:00 SGT) The financial results presentation will be held live via Zoom. Please register in advance via the following link: A confirmation email will be sent, with information on how to join the Zoom meeting. A recording of the presentation will also be available after the event on the Company's website at About BW LPG BW LPG is the world's leading owner and operator of LPG vessels, owning and operating a fleet of more than 50 Very Large Gas Carriers (VLGCs) with a total carrying capacity of over 4 million CBM. With five decades of operating experience in LPG shipping, an in-house LPG trading division and a growing presence in LPG terminal infrastructure and distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain. Delivering energy for a better world - more information about BW LPG can be found at BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, and water treatment. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. View source version on Contacts For further information, please contact:Kristian Sørensen, CEOSamantha Xu, CFOE-mail:
Yahoo
27-02-2025
- Business
- Yahoo
BW LPG Limited - Management Share Option Plan "LTIP 2022" – Award of Share Options
SINGAPORE, February 27, 2025--(BUSINESS WIRE)--The Board of Directors of BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: " NYSE ticker code "BWLP) has approved the award of share options to senior management and certain employees of the Company. This is the fourth annual award of share options under the five-year long-term management share option plan ("LTIP 2022") which was launched on 1 Mar 2022. LTIP 2022 is aimed at aligning the interests of senior management and key employees of the Company with those of the shareholders. Details of the plan can be found in the following link: The total number of options that will be awarded in 2025 is 657,935. The options are awarded in connection with the publication of the quarterly report for Q4 2024. The following primary insiders of the Company have been awarded options under LTIP 2022, as further described below and in the attached forms. Kristian Sorensen, Chief Executive OfficerOptions granted in prior years: 441,294Options granted in 2025: 220,647Total options held: 661,941Shares held: 7,000 Samantha Xu, Chief Financial OfficerOptions granted in prior years: 85,000Options granted in 2025: 85,000Total options held: 170,000Shares held: 2,000 Prodyut Banerjee, Vice President and Head of OperationsOptions granted in prior years: 101,624Options granted in 2025: 50,812Total options held: 152,436Shares held: 0 Knut-Helge Knutsen, Vice President and Head of TechnicalOptions granted in prior years: 101,624Options granted in 2025: 50,812Total options held: 152,436Shares held: 0 Iver Baatvik, Vice President and Head of Corporate DevelopmentOptions granted in prior years: 75,652Options granted in 2025: 50,812Total options held: 124,464Shares held: 24,840 Leona Leo, Vice President and Head of Human ResourcesOptions granted in prior years: 0Options granted in 2025: 50,812Total options held: 50,812Shares held: 0 About BW LPG BW LPG is the world's leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 4 million CBM. With five decades of operating experience in LPG shipping, an in-house LPG trading division and a growing presence in LPG terminal infrastructure and distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain. More information about BW LPG can be found at BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and article 19 of the EU Market Abuse Regulation. View source version on Contacts For further information, please contact:Samantha XuChief Financial OfficerE-mail: Sign in to access your portfolio
