BW LPG product services unit posts -$31M net loss in Q2 2026

BW LPG Limited (NYSE: BWLP) reported a net loss of approximately $31 million for its Product Services segment in the second quarter ended June 30, 2026, according to a press release from the Singapore-based company.

The segment recorded a gross trading result of approximately -$19 million for the quarter. This figure reflects a realized trading gain of $127 million, offset by an unrealized mark-to-market loss of $146 million from open cargo contracts and hedging transactions.

The net result of -$31 million accounts for general and administrative expenses and income taxes in addition to the gross trading loss.

The average Value-at-Risk for the quarter was approximately $17 million, which the company attributed to increased market volatility across its core product exposures.

Chief Executive Officer Kristian Sørensen said the combined realized trading result for the first and second quarters totaled approximately $117 million. "Since we ended Q1 with a record high valuation of our forward trading portfolio, a negative mark-to-market adjustment was expected as the US/Asia LPG arbitrage narrowed towards the end of Q2," he said.

BW LPG said the full Q2 2026 results are scheduled for release on August 28, 2026.

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