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-on-year from -$10.6 million in Q4 2024, and up 97.31% on a QoQ basis 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.
- Quarterly Operating Expenses fell 36.66% year-over-year to -$6.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$418.1 million (down 29.25% YoY) and the FY2025 annual result came in at $77.2 million, up 6.91% from the prior year.
- Operating Expenses climbed to -$6.7 million in Q4 2025 per BWLP's latest filing, from -$248.4 million in the prior quarter.
- Over the last five years, Operating Expenses for BWLP reached as high as -$4.9 million in Q4 2024 and fell as low as -$248.4 million in Q3 2025.
- A 3-year average of -$91.1 million and a median of -$65.7 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses surged 96.24% — and 2025, when it sank 36.66%.
- Year by year, Operating Expenses stood at -$130.1 million in 2023, then jumped by 96.24% to -$4.9 million in 2024, then plunged by 36.66% to -$6.7 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$6.7 million, -$248.4 million, and -$79.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Bw Lpg | 3.29 Bn | 3.14 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 |