BW LPG (NYSE:BWLP) has released an update on the performance of its Product Services segment for the first quarter of 2025.
For the period ending 31 March 2025, BW Product Services generated a realised gain of $33 million from its cargo and freight operations.
However, the company reported an unrealised mark-to-market loss of $36 million from open cargo contracts and hedging transactions.
As a result, the overall gross trading result for the quarter stood at a negative $3 million.
After factoring in general and administrative expenses and income taxes, BW Product Services incurred an estimated loss of approximately $12 million for the quarter.
Meanwhile, the Value-At-Risk (VAR) for the quarter was estimated at $5 million.
BW LPG has announced that it will release its full Q1 2025 financial report on 20 May 2025.