Bw Lpg (BWLP) Operating Expenses (2023 - 2026)
Bw Lpg's (BWLP) quarterly Operating Expenses came in at -$93.0 million in Q2 2026, down 17.8% year-over-year from -$113.2 million in Q2 2025, and down 18.13% quarter-over-quarter from -$78.8 million in Q1 2026.
Analysis
Bw Lpg (BWLP) Operating Expenses (2023 - 2026) Analysis & Trends
Bw Lpg (BWLP) has reported Operating Expenses for 4 consecutive years, with -$93.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 17.8% year-over-year to -$93.0 million in Q2 2026; TTM through Jun 2026 was -$442.7 million, a 17.96% decrease from a year earlier, with the FY2025 full-year figure at -$331.4 million, down 22.09% from the prior year.
- Operating Expenses was -$93.0 million for Q2 2026 at Bw Lpg, down from -$78.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$22.2 million in Q4 2024 and troughed at -$248.4 million in Q3 2025.
- A 4-year average of -$92.8 million and a median of -$78.8 million in 2026 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 82.92% in 2024 and plunged 30.64% in 2025, its largest moves.
- Over 4 years, Operating Expenses stood at -$130.1 million in 2023, then soared by 82.92% to -$22.2 million in 2024, then retreated by 1.26% to -$22.5 million in 2025, then slumped by 313.5% to -$93.0 million in 2026.
- The last three Operating Expenses figures came in at -$93.0 million (Q2 2026), -$78.8 million (Q1 2026), and -$22.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunoco | 10.38 Bn | 9.61 Bn | 1.46 Bn | 13.68 Bn |
| 2 | Ultrapar Holdings | 7.78 Bn | 6.07 Bn | 912.61 Mn | -284.31 Mn |
| 3 | Bw Lpg | 3.76 Bn | 3.59 Bn | - | -93.05 Mn |
| 4 | World Kinect | 1.81 Bn | 1.61 Bn | 365.10 Mn | 269.10 Mn |
| 5 | Global Partners | 1.79 Bn | 1.75 Bn | 328.94 Mn | 221.58 Mn |
| 6 | Suburban Propane Partners | 1.17 Bn | 1.16 Bn | 160.33 Mn | 259.16 Mn |
| 7 | CrossAmerica Partners | 871.11 Mn | 895.42 Mn | 112.79 Mn | 78.60 Mn |
| 8 | Genie Energy | 454.57 Mn | 253.18 Mn | 33.67 Mn | 27.15 Mn |
| 9 | Star | 417.03 Mn | 309.64 Mn | 162.87 Mn | 98.95 Mn |
| 10 | Uni-Fuels Holdings | 19.48 Mn | 6.94 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -93.05 Mn |
| Mar 31, 2026 | -78.77 Mn |
| Dec 31, 2025 | -22.50 Mn |
| Sep 30, 2025 | -248.44 Mn |
| Jun 30, 2025 | -78.99 Mn |
| Mar 31, 2025 | -83.97 Mn |
| Dec 31, 2024 | -22.22 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 |