Blue Dolphin Energy Company

Blue Dolphin Reports Second Quarter 2026 Financial Results

Blue Dolphin swung to a net income of $17.7 million, or $1.19 per share, for the second quarter of 2026, compared to a net loss of $1.7 million in the prior-year period. Gross profit surged to $25.1 million from $0.6 million a year ago, while consolidated EBITDA jumped to $24.4 million from $0.1 million. Liquidity improved significantly, with cash and restricted cash rising to $31.7 million from $2.0 million at year-end 2025.

•2mo ago

BDCO: 10-Q · periodic report

Blue Dolphin Energy (OTCQX: BDCO) delivered a blowout second quarter: net income of $17.7 million ($1.19 per share) versus a $1.7 million loss a year ago, on total revenue of $144.3 million, up from $56.6 million in Q2 2025. The swing was driven by a sharply wider crude-to-product spread and a 56.3% jump in sales volumes. First-half net income reached $32.5 million ($2.18 per share), consolidated EBITDA hit $45.1 million, operating cash flow was $39.0 million, and cash surged to $30.7 million from $1.0 million at year-end 2025. The caveats are substantial: subsidiary term loans with Huntington ($25.0 million and $10.0 million) and a GNCU loan remain in covenant default through the filing date, CEO Jonathan Carroll and affiliates control 85.1% of the stock with affiliate LEH serving as operator, guarantor and largest customer, and a crude supplier dispute carries $14.5 million of recorded payables with up to $3.4 million of additional possible loss.

SEC 10-Q•2mo ago

BDCO: 8-K · earnings release

Blue Dolphin Energy Company (OTCQX:BDCO) reported first-quarter 2026 net income of $14.7 million, or $0.99 per share, marking a dramatic 557% increase from the $2.2 million net income reported in the same period of 2025. The strong performance was driven by improved product differentials and favorable inventory impacts, resulting in gross profit of $20.6 million compared to $6.1 million year-over-year, alongside a $1.0 million gain on a regulatory settlement. Consolidated EBITDA reached $20.7 million, up from $5.1 million in Q1 2025, although cash and restricted cash declined slightly to $1.4 million from $2.0 million at year-end 2025.

SEC 8-K•5mo ago

Blue Dolphin Reports First Quarter 2026 Financial Results

Blue Dolphin Energy reported Q1 2026 net income of $14.7 million ($0.99/share), a significant increase from $2.2 million ($0.15/share) in the prior year period. Gross profit more than tripled to $20.6 million from $6.1 million, driven by improved product differentials and favorable inventory impacts, despite a slight decline in total revenue to $81.5 million from $83.7 million. Consolidated EBITDA quadrupled to $20.7 million from $5.1 million. The company ended the quarter with $1.4 million in cash and equivalents.

•5mo ago