Blue Dolphin Energy Company reports operating and financial updates as an independent refiner and marketer of petroleum and energy products in the Eagle Ford Shale region. Recurring company news centers on refining margins, revenue from operations, cost of goods sold, gross profit or deficit, net income or loss, and non-GAAP measures such as EBITDA and refinery operations EBITDA.
Company updates also discuss maintenance activities, product slate selection, inventory impairments, sales volume, working capital, and tolling and terminaling results. The coverage reflects a small public energy issuer whose earnings are closely tied to refinery operations, petroleum product marketing, feedstock and product economics, and balance-sheet management.
Blue Dolphin Energy Company (OTCQX:BDCO) announced a contract award to its operator, Lazarus Energy Holdings LLC, by the Defense Logistics Agency to supply up to 56,545,000 gallons of jet fuel with additives from its Nixon, Texas refinery. The delivery period spans from April 1, 2021 to March 31, 2022. Additionally, Blue Dolphin is pivoting towards renewable energy opportunities through its affiliate, emphasizing the production of lower-carbon alternatives.