BW Product Services Reports USD 164 Million Gross Result in Third Quarter
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BW Product Services, the gas trading division of BW LPG, reported a gross trading result of approximately USD 164 million for the third quarter of 2026, for the period ended September 30. After deducting general and administrative expenses and income taxes, the quarter's estimated net profit was USD 118 million.
Breakdown of the result
The company detailed that the gross result was made up of USD 146 million from its cargo, freight and hedging trading book, plus a positive unrealized mark-to-market adjustment of USD 18 million arising from open cargo contracts and hedging positions. The quarter's average Value at Risk (VaR) stood at approximately USD 18 million, which the company attributed to a sustained period of higher volatility in its key product exposures.
CEO's remarks
Kristian Sørensen, CEO of BW LPG, noted that despite ongoing geopolitical uncertainty and volatility in the LPG market, BW Product Services delivered a solid result in the third quarter. He added that this brings the realized trading result for the year to date through the third quarter to approximately USD 263 million, and that the company is well positioned to continue capitalizing on current market conditions through active risk management.
Next steps
According to BW LPG Limited, this trading result will be incorporated into the company's third-quarter 2026 results, which will be released on November 24, 2026.
