BW LPG Limited reported a net result of minus USD 31 million for its Product Services segment in Q2 2026, impacted by a negative mark-to-market adjustment of USD 146 million. The company recorded a realised trading gain of USD 127 million from its portfolio of cargo, freight, and hedging transactions during the quarter ended 30 June 2026. The trading result will form part of the BW LPG Q2 2026 results, scheduled for release on 28 August 2026.

Performance Overview

For the quarter, BW Product Services achieved a gross trading result of approximately minus USD 19 million. This figure comprises the USD 127 million realised trading gain offset by the USD 146 million unrealised mark-to-market change from open cargo contracts and hedging transactions. The average Value-At-Risk (VAR) for the quarter was approximately USD 17 million, an increase driven primarily by a surge in market volatility across core product exposures.

Q2 2026 Highlights

Kristian Sørensen, Chief Executive Officer, stated that the Q2 trading environment was significantly impacted by geopolitical turbulence in the Middle East and considerable fluctuations in LPG prices. He noted that the strong realisation of USD 127 million brings the combined Q1 and Q2 realised trading result to about USD 117 million. Sørensen added that a negative mark-to-market adjustment was expected as the US/Asia LPG arbitrage narrowed towards the end of Q2, emphasizing the company's commitment to maintaining a well-balanced trading portfolio through active risk management.

BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including over 20 vessels powered by LPG dual-fuel propulsion technology. The company is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil & gas production, renewable energy, and digital infrastructure.

BW LPG Limited shares commenced trading ex-dividend on the Oslo Stock Exchange today, with a similar schedule set for the New York Stock Exchange on June 12, 2026. The company announced these dates in relation to its cash dividend for Q1 2026, ensuring shareholders are aware of the entitlement deadlines. The dividend payout consists of NOK 6.1960 and US$0.67 per share, reflecting the company's distribution policy across its dual listings.

The dividend details were initially disclosed in a press release dated June 2, 2026. BW LPG operates as the world's leading owner and operator of LPG vessels, managing a fleet of approximately 50 Very Large Gas Carriers (VLGCs). This includes over 20 vessels powered by LPG dual-fuel propulsion technology, underscoring the company's focus on sustainable shipping solutions.

Dividend Details

The following table outlines the key dates and amounts for the Q1 2026 dividend distribution:

BW LPG is associated with BW Group, a global energy and maritime entity involved in shipping, deepwater oil & gas production, and renewable energy. The group controls a fleet of over 400 vessels and operates in infrastructure sectors such as wind, batteries, and data centres. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.