tiprankstipranks
BW LPG Reports Strong Q4 2024 Performance Despite Market Challenges
Company Announcements

BW LPG Reports Strong Q4 2024 Performance Despite Market Challenges

Story Highlights

Invest with Confidence:

BW LPG Ltd ( (GB:0QIX) ) has issued an announcement.

BW LPG’s Product Services segment recorded an estimated net profit of USD 3 million for Q4 2024, despite an unrealized negative movement due to changes in mark-to-market value of cargo contracts and hedging transactions. The company successfully realized USD 58 million from trading positions, contributing to a strong fiscal year finish with free cash exceeding USD 100 million, and plans to increase cargo volumes through a multi-year contract with Enterprise Products Partners.

More about BW LPG Ltd

BW LPG is the world’s leading owner and operator of Very Large Gas Carriers (VLGC), offering integrated services along the LPG value chain with over 3 million CBM carrying capacity. It is associated with BW Group, a major maritime company with a presence in shipping, deepwater oil and gas production, and sustainable technologies.

YTD Price Performance: 13.83%

Average Trading Volume: 23,325

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: NOK21.36B

See more data about 0QIX stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles