BW LPG (BWLP)
Combines VLGC shipping with LPG trading and related terminal and distribution services.
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Owns and charters very large gas carriers while operating in-house LPG trading and Product Services. Its value-chain extensions include terminal infrastructure and distribution, while the core business remains VLGC shipping.
Carries liquefied petroleum gas through VLGC ownership and chartering, with shipping as its core business. In-house LPG trading and the Product Services business extend the offering beyond vessel operations.
The business also has a growing presence in terminal infrastructure and distribution, alongside BW LPG India. Its operating evolution includes LPG-fuel retrofits and LPG-powered vessel operations.
BW Group reorganised the LPG business for public ownership, and BW LPG is dual-listed on the Oslo Stock Exchange and NYSE. The present legal entity has roots in a broader BW shipping lineage.
Fleet growth and adjacent services developed through acquisitions and later initiatives keep VLGC shipping at the center.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $305.6M · Total debt $931.1M · Total assets $3.38B · Shareholders' equity $1.92B
- Revenue
- $963.6M
- Operating income
- $130.7M
- Net income
- $114.4M
HistoryDividendAnnual yield
| Institutions | ≈ 16.05% | 24.37M ADS | |
|---|---|---|---|
| 105 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.11% | 9.27M ADS | |
| 3 holders · as of Mar 17, 2026 | |||
| Strategic holders | 39.85% | 60.50M ADS | |
| 2 holders · as of Apr 13, 2026 | |||
| Other | ≈ 37.99% | 57.68M ADS | |
| remainder | |||
151.81M ADS as of Aug 26, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BW Group LimitedStrategic | 31.89% | 48.41M | filed Nov 13, 2024 |
Hemen Holding LimitedStrategic | 7.97% | 12.09M | filed Apr 13, 2026 |
FolketrygdfondetInsider | 6.09% | 9.25M | filed Nov 13, 2024 |
Vanguard Capital Management LLCInstitution | 1.87% | 2.83M ADS | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 1.70% | 2.59M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Dorian LPG
Focused VLGC owner and operator in global LPG transport
- Navigator Gas
Handysize gas-carrier operator serving LPG and petrochemical routes
- StealthGas
Smaller LPG-carrier fleet serving international LPG shipping
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BW LPG | $24.73 | −2.21% | $3.84B | 8.7 | 6.8 | 1.1 | +79.7% |
| Dorian LPG | $54.73 | −3.38% | $2.42B | 7.5 | 7.9 | 4.2 | +123.1% |
| Navigator Gas | $23.86 | −2.05% | $1.50B | 11.2 | 14.8 | 2.4 | +29.6% |
| StealthGas | $9.20 | −1.92% | $348.8M | 5.8 | 6.0 | 2.1 | −9.2% |
| Median | 7.5 | 7.9 | 2.4 | +29.6% |