Welcome to our dedicated page for Blue Dolphin news (Ticker: BDCO), a resource for investors and traders seeking the latest updates and insights on Blue Dolphin stock.
Blue Dolphin Energy Company (BDCO) operates a petroleum refinery and terminaling facility in Nixon, Texas, focusing on specialty diesel fuel production and storage services. This news page provides coverage of developments affecting the company's refining operations, financial performance, and market conditions in the downstream energy sector.
As a small independent refiner trading on the OTC Pink marketplace, Blue Dolphin's news flow typically includes quarterly earnings reports, operational updates from the Nixon facility, and announcements related to crude oil supply agreements or refinery expansion projects. The company's financial results reflect the volatile nature of refining margins, which fluctuate based on the spread between crude oil acquisition costs and refined product selling prices. Investors following BDCO track crack spread trends, refinery utilization rates, and Gulf Coast diesel market conditions.
News coverage for Blue Dolphin Energy includes regulatory filings with the Securities and Exchange Commission such as quarterly 10-Q reports, annual 10-K filings, and Form 8-K announcements of material events. Given the company's position as a micro-cap energy stock with a single refinery facility, developments at the Nixon plant carry significant implications for overall company performance. Industry developments affecting small independent refiners, environmental regulatory changes, and regional petroleum market dynamics also influence the company's operations.
Bookmark this page to track news updates for Blue Dolphin Energy Company, including operational announcements, financial results, and regulatory filings affecting this independent downstream energy company.
Blue Dolphin Energy Company (OTCQX:BDCO) reported results for the three and nine months ended September 30, 2025.
Key figures: Q3 2025 net loss $4.7M (loss per share $0.31); nine-month net loss $4.2M (loss per share $0.28). Gross profit was $0.03M in Q3 2025 and $6.7M for the nine months. Consolidated EBITDA was $(4.4)M in Q3 and $0.8M for the nine months. Refinery operations EBITDA was $(1.5)M in Q3 and $2.5M for the nine months.
Liquidity: cash and restricted cash totaled $3.3M at September 30, 2025 (up $2.2M from Dec 31, 2024), and working capital deficit widened to $23.1M.
Blue Dolphin Energy (OTCQX:BDCO), an independent refiner in the Eagle Ford Shale region, reported mixed Q2 2025 financial results. The company posted a net loss of $1.7 million ($0.12 per share) for Q2 2025, compared to a loss of $6.4 million ($0.43 per share) in Q2 2024. However, for H1 2025, Blue Dolphin achieved net income of $0.5 million ($0.03 per share).
Q2 2025 highlights include total gross profit of $0.6 million and consolidated EBITDA of $0.1 million. The company's working capital deficit improved to $16.8 million as of June 30, 2025, a $2.3 million improvement from December 31, 2024. Cash and cash equivalents increased to $1.8 million, up from $1.1 million at year-end 2024.
Blue Dolphin Energy Company (OTCQX:BDCO) reported a significant financial downturn for FY2024. The company posted a net loss of $8.6 million ($0.58 per share), compared to net income of $31.0 million ($2.08 per share) in 2023. Total revenue decreased to $317.5 million from $396.0 million in 2023.
Refining EBITDA dropped substantially to $2.3 million ($0.61 per barrel) from $38.6 million ($9.37 per barrel) in 2023, impacted by less favorable refining margins, lower sales volume, maintenance costs, and an $8.3 million inventory impairment. Tolling and terminaling EBITDA declined to $2.1 million from $4.3 million.
The company's liquidity position weakened with cash and equivalents falling to $1.1 million from $18.7 million, while working capital deficit increased to $19.1 million from $6.1 million. During 2024, Blue Dolphin prioritized debt reduction, paying down $7.5 million in principal and accrued interest on term loans.
Blue Dolphin Energy Company (OTCQX:BDCO) reported financial results for Q3 2024, showing an adjusted refinery operations segment deficit of $4.0 million compared to a $9.7 million margin in Q3 2023. The company's working capital improved to a positive $9.9 million, a $16.0 million increase from December 2023. Total revenue decreased to $82.1 million from $102.6 million year-over-year. Performance was negatively impacted by less favorable refining margins, lower sales volume, and a $1.9 million inventory impairment. Cash and equivalents stood at $1.7 million, down from $18.7 million at the end of 2023.
Blue Dolphin Energy Company (OTCQX:BDCO) reported its Q2 2024 financial results. Despite a challenging quarter with a total gross deficit of $4.1 million and a net loss of $6.4 million, the company showed improvement in its financial position. Key highlights include:
- Positive working capital of $18.8 million as of June 30, 2024, a $24.9 million improvement from December 31, 2023.
- For the six months ended June 30, 2024: total gross profit of $7.8 million, net income of $0.3 million, and adjusted EBITDA of $4.6 million.
- Q2 results were impacted by a $5.5 million inventory impairment and $1.2 million in maintenance turnaround expenses.
The company completed a maintenance turnaround of the Nixon facility and significantly decreased current debt in Q2 2024.
Blue Dolphin Energy Company (OTCQX:BDCO) reported its financial results for Q1 2024, highlighting a total gross profit of $11.8 million, adjusted EBITDA of $10.5 million, and net income of $6.6 million or $0.44 per share. Revenue from operations was $91 million, down from $116.7 million in the same period in 2023. The company’s cash and cash equivalents decreased to $11.1 million. However, working capital improved from a deficit of $6.1 million to a surplus of $0.3 million.
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