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
DateValue
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