Bw Lpg (BWLP) Operating Expenses (2023 - 2025)

Bw Lpg's (BWLP) quarterly Operating Expenses came in at -$6.7 million in Q4 2025, down 36.66% year-on-year from -$10.6 million in Q4 2024, and up 88.32% sequentially from -$57.3 million in Q3 2025.

Bw Lpg (BWLP) Operating Expenses (2023 - 2025) Analysis & Trends

Bw Lpg's Operating Expenses history runs 3 years deep, the most recent figure standing at -$6.7 million for 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 -$101.9 million (down 19.99% YoY), while the FY2025 annual figure was -$6.7 million, down 102.45% from the prior year.
  • Operating Expenses came in at -$6.7 million for Q4 2025 at Bw Lpg, up 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.
  • The 3-year median for Operating Expenses is -$17.1 million (2025), against an average of -$21.0 million.
  • Peak annual rise in Operating Expenses reached 77.84% in 2024, while the deepest fall reached 61.96% in 2024.
  • A 3-year view of Operating Expenses shows it stood at -$22.1 million in 2023, then jumped by 77.84% to -$4.9 million in 2024, then tumbled by 36.66% to -$6.7 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$6.7 million in Q4 2025, -$57.3 million in Q3 2025, and -$17.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 13.95 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 3.38 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 12.50 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.70 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 333.70 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.82 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 274.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.45 Bn
10 Bw Lpg 2.64 Bn 2.49 Bn -345.66 Mn -22.50 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -22.50 Mn
Sep 30, 2025 -248.44 Mn
Jun 30, 2025 -79.72 Mn
Mar 31, 2025 -83.97 Mn
Dec 31, 2024 -22.22 Mn
Sep 30, 2024 -190.16 Mn
Jun 30, 2024 -5.66 Mn
Mar 31, 2024 -65.48 Mn
Dec 31, 2023 -11.32 Mn
Jun 30, 2023 -5.51 Mn
Mar 31, 2023 -65.72 Mn