Welcome to our dedicated page for Blue Dolphin SEC filings (Ticker: BDCO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Blue Dolphin Energy Company (BDCO) files regular reports with the Securities and Exchange Commission documenting its refinery operations and financial performance. For investors analyzing a small independent refiner operating a single facility in Texas, these filings provide essential information about operational metrics, crude oil supply agreements, and refinery margin trends that determine profitability in the downstream energy sector.
The company's 10-K annual reports detail refinery throughput capacity, petroleum storage infrastructure, capital expenditure plans for facility expansion, and the terms of long-term crude supply contracts. Blue Dolphin's quarterly 10-Q filings reveal refinery utilization rates, production volumes for different diesel fuel grades, and how crack spread fluctuations affect quarterly financial results. For a micro-cap energy company with concentration risk from operating a single refinery, these operational disclosures help investors understand facility performance and market exposure.
Form 8-K filings announce material events such as changes in crude oil supply agreements, significant facility maintenance turnarounds, or amendments to debt arrangements. Insider trading activity through Form 4 filings shows whether company executives and major shareholders are accumulating or reducing their ownership positions. Our platform provides AI-powered summaries that explain complex refining metrics, petroleum industry terminology, and the financial implications of operational developments disclosed in Blue Dolphin's SEC filings.
Access the complete archive of Blue Dolphin Energy Company SEC filings to track this independent refiner's regulatory disclosures, operational updates, and financial performance over time.
Blue Dolphin Energy Company (BDCO) furnished an update on its recent performance. The company submitted an 8-K to announce that it issued a press release reporting financial results for the three and nine months ended September 30, 2025, and its financial condition as of September 30, 2025.
The information was furnished under Item 2.02 and is not deemed “filed” under the Exchange Act. The press release is included as Exhibit 99.1, with the cover page interactive data file provided as Exhibit 104.
Blue Dolphin Energy Company (BDCO) reported third‑quarter 2025 results. Revenue from operations was $70.4 million, with a net loss of $4.7 million (basic and diluted EPS $(0.31)). Year‑to‑date revenue was $210.6 million with a nine‑month net loss of $4.2 million.
Liquidity remains tight. Cash and cash equivalents were $2.3 million and restricted cash $1.0 million. Current liabilities totaled $72.4 million, including $32.5 million of long‑term debt classified as current due to defaults. Total long‑term debt principal was $36.5 million as of September 30, 2025. Management noted historical working capital deficits and significant debt in default, while stating an expectation to meet obligations through operating cash flows and liquidation of working capital.
The company disclosed covenant defaults on the LE Term Loan Due 2034 and LRM Term Loan Due 2034, and non‑financial covenant defaults on the NPS Term Loan Due 2031. Q3 included a $3.0 million impairment of fixed assets and an increase in asset retirement obligations to a $6.0 million current liability. Shares outstanding were 14,921,968 as of September 30, 2025.
Jonathan P. Carroll, who is CEO & President, a director and a >10% owner of Blue Dolphin Energy Company (BDCO), reported an open-market acquisition on a Form 4. On 09/11/2025 he purchased 4,221 shares of common stock at $1.42 per share, and the form shows 4,125,000 shares beneficially owned following the transaction in a direct capacity. The filing also discloses that Mr. Carroll indirectly owns 8,475,000 shares through his ownership interest in Lazarus Energy Holdings, LLC. The Form 4 is signed by Mr. Carroll on 09/15/2025.
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