Bw Lpg (BWLP) Operating Expenses (2023 - 2025)
Bw Lpg (BWLP) reported Operating Expenses of -$6.7 million for Q4 2025, down 36.66% year-over-year from -$10.6 million in Q4 2024, and up 88.32% quarter-over-quarter from -$57.3 million in Q3 2025.
Bw Lpg (BWLP) Operating Expenses (2023 - 2025) Analysis & Trends
Bw Lpg (BWLP) has 3 years of Operating Expenses data on file, last reported at -$6.7 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at -$6.7 million, down 36.66% year-over-year; the trailing twelve-month figure through Dec 2025 was -$101.9 million (down 19.99% YoY), and the FY2025 annual result was -$6.7 million, down 102.45% from the prior year.
- Operating Expenses advanced to -$6.7 million in Q4 2025 per BWLP's latest filing, from -$57.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$4.9 million in Q4 2024 and troughed at -$57.3 million in Q3 2025.
- A 3-year average of -$21.0 million and a median of -$17.1 million in 2025 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 77.84% in 2024 and fell as far as 61.96% in 2024.
- A 3-year view of Operating Expenses shows it stood at -$22.1 million in 2023, then soared by 77.84% to -$4.9 million in 2024, then slumped by 36.66% to -$6.7 million in 2025.
- Business Quant data shows BWLP's Operating Expenses at -$6.7 million in Q4 2025, -$57.3 million in Q3 2025, and -$17.1 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Bw Lpg | 13.20 Bn | 12.95 Bn | -345.66 Mn | -6.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.69 Mn |
| Sep 30, 2025 | -57.26 Mn |
| Jun 30, 2025 | -17.14 Mn |
| Mar 31, 2025 | -20.84 Mn |
| Dec 31, 2024 | -4.89 Mn |
| Sep 30, 2024 | -45.46 Mn |
| Jun 30, 2024 | -17.86 Mn |
| Mar 31, 2024 | -16.73 Mn |
| Dec 31, 2023 | -22.08 Mn |
| Jun 30, 2023 | -11.03 Mn |
| Mar 31, 2023 | -11.05 Mn |