BW LPG Ltd (DE:1PE)
FRANKFURT:1PE
Earnings Data
Report Date
Aug 28, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.03Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrays a broadly positive operational and financial performance: very strong freight rates and TCEs, high profitability (EPS $1.08), sizable Product Services contribution, a shareholder-friendly dividend, healthy liquidity and a strategic eight-vessel newbuilding order to renew the fleet. Key risks include mark-to-market volatility in trading, geopolitical uncertainty around the Strait of Hormuz, Panama Canal congestion (and potential El Nino impacts), and a large industry orderbook that could pressure future rates. Management expects much of the unrealized trading gains to be realized in upcoming quarters but acknowledges uncertainty.Company Guidance
Strong Shipping Earnings and TCE Performance
Reported TCE of $55,500 per available day (Q1) and $51,300 per calendar day, above guidance of $54,000 per available day; Q1 profit attributable to equity holders of $164 million (EPS $1.08) and net profit after tax of $187 million including Product Services and BW LPG India.
Robust Q2 and Full-Year Coverage Guidance
Guidance for Q2: ~85% of available days fixed at about $81,000 per day (includes index-linked contracts); for full-year 2026 secured 42% of portfolio with fixed-rate time charters and FFA hedges at $44,800 and $48,100 per day, respectively.
Substantial Product Services Contribution
BW Product Services reported gross profit of $127 million and net profit after tax of $98 million for Q1; reported $145 million mark-to-market increase on cargo positions (offsetting a $10 million realized loss), NAV of $150 million and average VaR of $6 million.
Shareholder Returns and Capital Discipline
Board declared dividend of $0.67 per share ( $0.56 from shipping representing 100% of shipping NPAT and $0.11 from Product Services), reflecting strong cash generation and shareholder returns.
Fleet Renewal Order and Strategic Investment
Signed contract for eight 90,000 m3 Panamax VLGCs at an average newbuilding price of ~$117.5 million each (total program up to ~USD 940 million); reduces average fleet age by ~3 years and delivers between start 2029 and Q2 2030; initial 30% of price payable within six months.
Healthy Balance Sheet and Liquidity
Shareholders' equity of $2.0 billion, net leverage of 26.3% (down from 28.4% at end-2025), and total liquidity of $680 million comprising $176 million cash and $442 million undrawn facilities; trade finance utilization $161 million (22% of line).
High Utilization and Operational Metrics
Free utilization of 92% in Q1 after technical off-hire and waiting time; heavy Q1 drydocking (257 off-hire days) largely behind them with expected off-hire days to reduce to ~105 in Q2; own-fleet OpEx $7,300 per day and all-in cash breakeven ~$24,500 per day.
Strong Returns on Capital
Annualized Q1 return on equity 38% and return on capital employed 30%; reported annualized earnings yield of 25% vs share price at end-March.
DE:1PE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:1PE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 02, 2026 | €16.84 | €17.81 | +5.76% |
Mar 03, 2026 | €15.51 | €15.65 | +0.87% |
Dec 02, 2025 | €10.20 | €9.40 | -7.78% |
Aug 26, 2025 | €12.55 | €12.00 | -4.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does BW LPG Ltd (DE:1PE) report earnings?
BW LPG Ltd (DE:1PE) is schdueled to report earning on Aug 28, 2026, TBA (Confirmed).
What is BW LPG Ltd (DE:1PE) earnings time?
BW LPG Ltd (DE:1PE) earnings time is at Aug 28, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
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What is the P/E ratio of BW LPG Ltd stock?
The P/E ratio of BW LPG Ltd is N/A.
What is DE:1PE EPS forecast?
DE:1PE EPS forecast for the fiscal quarter 2026 (Q2) is 1.03.