Bw Lpg (BWLP) Operating Income (2023 - 2025)
Bw Lpg (BWLP) posted quarterly Operating Income of $3.0 million for Q4 2025, down 98.78% year-over-year from $247.1 million in Q4 2024, and down 98.54% quarter-over-quarter from $207.2 million in Q3 2025.
Bw Lpg (BWLP) Operating Income (2023 - 2025) Analysis & Trends
Bw Lpg (BWLP) has reported Operating Income for 3 consecutive years, with $3.0 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Income fell 98.78% year-over-year to $3.0 million; the TTM figure through Dec 2025 stood at $348.0 million (down 60.47% YoY), while the FY2025 annual figure was $348.0 million, down 19.75% from the prior year.
- Operating Income declined to $3.0 million in Q4 2025 per BWLP's latest filing, from $207.2 million in the prior quarter.
- Across five years, Operating Income topped out at $386.3 million in Q3 2024 and bottomed at $3.0 million in Q4 2025.
- Historically, Operating Income has averaged $151.5 million across 3 years, with a median of $137.9 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Income advanced 14.47% — and 2025, when it sank 98.78%.
- Bw Lpg's Operating Income stood at $218.8 million in 2023, then grew by 12.93% to $247.1 million in 2024, then tumbled by 98.78% to $3.0 million in 2025.
- Business Quant data shows BWLP's Operating Income at $3.0 million in Q4 2025, $207.2 million in Q3 2025, and $58.8 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.35 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 2.10 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.25 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 3.57 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 384.60 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 1.59 Bn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 1.38 Bn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 1.23 Bn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Bw Lpg | 3.50 Bn | 3.23 Bn | -345.66 Mn | 3.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.03 Mn |
| Sep 30, 2025 | 207.23 Mn |
| Jun 30, 2025 | 58.84 Mn |
| Mar 31, 2025 | 78.95 Mn |
| Dec 31, 2024 | 247.12 Mn |
| Sep 30, 2024 | 386.29 Mn |
| Jun 30, 2024 | 89.31 Mn |
| Mar 31, 2024 | 157.81 Mn |
| Dec 31, 2023 | 218.82 Mn |
| Jun 30, 2023 | 80.96 Mn |
| Mar 31, 2023 | 137.86 Mn |