Bw Lpg (BWLP) Operating Expenses (2023 - 2025)
Bw Lpg (BWLP) posted quarterly Operating Expenses of -$6.7 million for Q4 2025, down 36.66% year-over-year from -$10.6 million in Q4 2024, and up 97.31% quarter-over-quarter from -$248.4 million in Q3 2025.
Bw Lpg (BWLP) Operating Expenses (2023 - 2025) Analysis & Trends
Bw Lpg (BWLP) has reported Operating Expenses for 3 consecutive years, with -$6.7 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses fell 36.66% year-over-year to -$6.7 million; the TTM figure through Dec 2025 stood at -$418.1 million (down 29.25% YoY), while the FY2025 annual figure was -$6.7 million, down 109.26% from the prior year.
- Operating Expenses rose to -$6.7 million in Q4 2025 per BWLP's latest filing, from -$248.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$4.9 million in Q4 2024 and bottomed at -$248.4 million in Q3 2025.
- Historically, Operating Expenses has averaged -$91.1 million across 3 years, with a median of -$65.7 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses soared 96.24% — and 2025, when it sank 36.66%.
- Bw Lpg's Operating Expenses stood at -$130.1 million in 2023, then jumped by 96.24% to -$4.9 million in 2024, then tumbled by 36.66% to -$6.7 million in 2025.
- Business Quant data shows BWLP's Operating Expenses at -$6.7 million in Q4 2025, -$248.4 million in Q3 2025, and -$79.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 4.00 Mn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 1.93 Bn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Bw Lpg | 3.50 Bn | 3.23 Bn | -345.66 Mn | -6.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.69 Mn |
| Sep 30, 2025 | -248.44 Mn |
| Jun 30, 2025 | -78.99 Mn |
| Mar 31, 2025 | -83.97 Mn |
| Dec 31, 2024 | -4.89 Mn |
| Sep 30, 2024 | -190.16 Mn |
| Jun 30, 2024 | -62.93 Mn |
| Mar 31, 2024 | -65.48 Mn |
| Dec 31, 2023 | -130.13 Mn |
| Jun 30, 2023 | -64.41 Mn |
| Mar 31, 2023 | -65.72 Mn |