Company research
BLUE DOLPHIN ENERGY CO
CIK 793306Updated Sep 27, 2026
SecurityBDCO · OTC · equity
BDCO price & chart
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Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Submission of Matters to a Vote of Security Holders
Items 5.07
4 filing
DEFA14A filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
DEF 14A filing
Results of Operations and Financial Condition
Items 2.02, 9.01
10-K filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 99,072,000Source | 101,896,000Source | 106,077,000Source | 83,904,000Source |
| Property, Plant and Equipment, NetUSD | 50,012,000Source | 52,433,000Source | 54,958,000Source | 57,436,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,010,000Source | 81,000Source | 18,713,000Source | 520,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | 1,148,000Source |
| Inventory, NetUSD | 30,892,000Source | 35,662,000Source | 24,576,000Source | 19,844,000Source |
| Assets, CurrentUSD | 44,166,000Source | 44,762,000Source | 49,290,000Source | 25,088,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,735,000Source | 1,874,000Source | 1,591,000Source | 3,466,000Source |
| Operating Lease, Right-of-Use AssetUSD | 191,000Source | 456,000Source | 158,000Source | 149,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 71,710,000Source | 68,933,000Source | 64,478,000Source | 73,316,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 149,000Source | 149,000Source | 149,000Source | 149,000Source |
| Additional Paid in CapitalUSD | 39,758,000Source | 39,758,000Source | 39,758,000Source | 39,758,000Source |
| Retained Earnings (Accumulated Deficit)USD | -12,545,000Source | -6,944,000Source | 1,692,000Source | -29,319,000Source |
| Stockholders' Equity Attributable to ParentUSD | 27,362,000Source | 32,963,000Source | 41,599,000Source | 10,588,000Source |
| Liabilities and EquityUSD | 99,072,000Source | 101,896,000Source | 106,077,000Source | 83,904,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 68,568,000Source | 63,901,000Source | 55,425,000Source | 70,334,000Source |
| Operating Lease, Liability, CurrentUSD | 217,000Source | 264,000Source | 147,000Source | 156,000Source |
| Accounts Payable, CurrentUSD | — | — | — | 2,161,000Source |
| Operating Lease, Liability, NoncurrentUSD | 0Source | 191,000Source | 0Source | 0Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | — | 6,114,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | 8,366,000Source | 8,216,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | — | — | — | 42,155,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 2,322,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 2,867,000Source | 2,806,000Source | 2,798,000Source | 2,798,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -437,000Source | 667,000Source | -1,032,000Source | 1,084,000Source |
| Increase (Decrease) in InventoriesUSD | -4,770,000Source | 11,086,000Source | 4,732,000Source | 16,746,000Source |
| Deferred Income Tax Expense (Benefit)USD | -1,365,000Source | -1,554,000Source | -1,436,000Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -766,000Source | -15,674,000Source | 20,005,000Source | 16,272,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -13,000Source | -46,000Source | -102,000Source | -102,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 13,000Source | 46,000Source | 102,000Source | 102,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,739,000Source | -1,917,000Source | -2,706,000Source | -14,706,000Source |
| Repayments of Long-term DebtUSD | — | 5,167,000Source | 1,495,000Source | 1,017,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 960,000Source | -17,637,000Source | 17,197,000Source | 1,464,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,010,000Source | 1,081,000Source | 18,718,000Source | 1,521,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 6,107,000Source | 6,911,000Source | 11,228,000Source | 5,534,000Source |
| Income Taxes Paid, NetUSD | 18,000Source | — | — | 0Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | — | — | — | 135,000Source |
| AmortizationUSD | — | — | — | 200,000Source |
| Amortization of Debt Issuance CostsUSD | 204,000Source | 203,000Source | 204,000Source | 204,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | 83,904,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 0Source | 0Source | 59,000Source | 134,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 5,291,000Source | 6,443,000Source | 3,134,000Source | 2,915,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 10,000Source |
| Income Tax Expense (Benefit)USD | -1,307,000Source | -1,529,000Source | 485,000Source | -307,000Source |
| InterestExpenseNonoperatingUSD | 5,391,000Source | 6,064,000Source | — | — |
| Inventory Write-downUSD | 7,100,000Source | 8,300,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -5,601,000Source | -8,636,000Source | 31,011,000Source | 32,892,000Source |
| Nonoperating Income (Expense)USD | -5,388,000Source | -5,859,000Source | -5,862,000Source | -5,884,000Source |
| Operating ExpensesUSD | — | 321,825,000Source | 8,290,000Source | 6,988,000Source |
| Operating Lease, ExpenseUSD | — | 1,300,000Source | 1,200,000Source | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 0Source | 1,500,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 279,385,000Source | 317,519,000Source | 396,048,000Source | 487,504,000Source |
| Cost of RevenueUSD | — | — | — | 441,433,000Source |
| Operating Income (Loss)USD | -1,520,000Source | -4,306,000Source | 36,388,000Source | 39,083,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -6,908,000Source | -10,165,000Source | 30,526,000Source | 33,199,000Source |
| Income Tax Expense (Benefit)USD | -1,307,000Source | -1,529,000Source | 485,000Source | -307,000Source |
| Net Income (Loss) Attributable to ParentUSD | -5,601,000Source | -8,636,000Source | 31,011,000Source | 32,892,000Source |
| Earnings Per Share, BasicUSD per share | -0.38Source | -0.58Source | 2.08Source | 2.34Source |
| Earnings Per Share, DilutedUSD per share | -0.38Source | -0.58Source | 2.08Source | 2.34Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 14,921,968Source | 14,921,968Source | 14,921,968Source | 14,079,327Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 14,921,968Source | — | 14,921,968Source | 14,079,327Source |
| Interest Expense (non-operating)USD | 5,391,000Source | 6,064,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | — | 83,904,000Source |
| Cost, Depreciation and AmortizationUSD | 2,571,000Source | 2,574,000Source | — | — |
| Costs and ExpensesUSD | 280,905,000Source | — | 351,578,000Source | 441,654,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | -307,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 296,000Source | 232,000Source | 2,798,000Source | 2,798,000Source |
| General and Administrative ExpenseUSD | 5,291,000Source | 6,443,000Source | 3,134,000Source | 2,915,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 10,000Source |
| Gross ProfitUSD | — | — | 44,678,000Source | 46,071,000Source |
| Interest and Other IncomeUSD | 3,000Source | 205,000Source | 241,000Source | 1,000Source |
| Interest ExpenseUSD | — | — | 6,103,000Source | 5,885,000Source |
| Management Fee ExpenseUSD | 1,033,000Source | 811,000Source | 533,000Source | 744,000Source |
| Nonoperating Income (Expense)USD | -5,388,000Source | -5,859,000Source | -5,862,000Source | -5,884,000Source |
| Operating ExpensesUSD | — | 321,825,000Source | 8,290,000Source | 6,988,000Source |
| Operating Lease, ExpenseUSD | — | 1,300,000Source | 1,200,000Source | 0Source |
| Other Cost and Expense, OperatingUSD | — | — | 208,000Source | 221,000Source |
| Other Cost of Operating RevenueUSD | 18,236,000Source | 17,010,000Source | 11,102,000Source | 11,710,000Source |