BLUE DOLPHIN ENERGY CO (BDCO) Form 10-Q — May 15, 2026
Blue Dolphin Energy reported a strong Q1 2026 financial performance, with net income surging to $14.7 million ($0.99 EPS) from $2.2 million ($0.15 EPS) in the prior year. This improvement was driven by favorable refining margins, resulting in consolidated EBITDA of $20.7 million and refining EBITDA of $18.6 million, despite an 18% decline in sales volume. However, the filing contains critical risk disclosures that overshadow the operational gains. Management explicitly evaluated the company’s ability to continue as a going concern due to historical working capital deficits and significant debt in default.
Key figures
- Eps
- 0.99
- Revenue
- 81490000
- Net Income
- 14730000
- Total Debt
- 118950000
- Cash Position
- 401000
- Gross Profit
- 20570000
- Refining EBITDA
- 18590000
- Cost Of Goods Sold
- 60920000
- Nol Carryforwards
- 21097000
- Consolidated EBITDA
- 20662000
- Refining EBITDAPer Bbl
- 23.24
- Related Party Receivables
- 20780000
- Tolling Terminaling EBITDA
- 1220000
Price after filing
Close on the filing date to close N calendar days later (from $3.81). Historical, not a forecast.
AI analysis
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