Blue Dolphin Energy Co (BDCO)
Blue Dolphin Energy Co brought in $364.9M of revenue over the twelve months to June 30, 2026, up 22.8% from a year earlier. Net income was $26.3M, a net margin of 7.2%. In fiscal 2025 capital spending exceeded operating cash flow by $779K. At June 30, 2026 it held $30.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.
Watch BDCO in 60 secondsWhat Blue Dolphin Energy Co does
Blue Dolphin Energy Co is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on OTC under the ticker BDCO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $279.4M | -$5.6M | -$0.38 | -$779K |
| 2024 | $317.5M | -$8.6M | -$0.58 | -$15.7M |
| 2023 | $396M | $31M | $2.08 | $19.9M |
| 2023 | $487.5M | $32.9M | $2.34 | $16.2M |
| 2021 | $300.8M | -$12.8M | -$1.01 | -$6.1M |
| 2020 | $174.8M | -$14.5M | -$1.15 | -$5M |
Full financial statements: income, balance sheet and cash flow
Where BDCO ranks in Energy
Latest SEC filings
What Blue Dolphin Energy Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 17, 2026
- August 14, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 155% to $144.3M versus the same quarter last year; diluted EPS $1.19 versus -$0.12.
- June 26, 2026
- May 21, 2026Additional proxy material DEFA14A
- May 18, 2026
- May 15, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 2.6% to $81.5M versus the same quarter last year; diluted EPS $0.99 versus $0.15.
- May 11, 2026Proxy statement DEF 14A
- April 2, 2026
- March 31, 2026Annual report 10-K · period to December 31, 2025Revenue fell 12% to $279.4M versus the prior year; diluted EPS -$0.38 versus -$0.58.
- November 14, 2025
Insider trades
What the people running Blue Dolphin Energy Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $13.5K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 10, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 100 | $1.2K |
| September 10, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 100 | $1.2K |
| September 10, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 100 | $1.3K |
| September 10, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 100 | $1.3K |
| September 10, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 200 | $2.7K |
| September 10, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 200 | $2.5K |
| September 10, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 100 | $1.3K |
| September 3, 2026 | McDougall William ChristopherDirector of Corp. Development | Bought | 200 | $2K |
| June 12, 2026 | Lazarus Energy Holdings, LLC10% owner | Bought | 5,000 | $17.7K |
| June 12, 2026 | Lazarus Energy Holdings, LLC10% owner | Bought | 5,000 | $17.7K |
| May 27, 2026 | Lazarus Energy Holdings, LLC10% owner | Bought | 5,000 | $19.6K |
| May 27, 2026 | Lazarus Energy Holdings, LLC10% owner | Bought | 5,000 | $19.6K |
| May 27, 2026 | Lazarus Energy Holdings, LLC10% owner | Bought | 5,000 | $19.8K |
| May 27, 2026 | Lazarus Energy Holdings, LLC10% owner | Bought | 5,000 | $19.8K |
| April 20, 2026 | Lazarus Energy Holdings, LLC10% owner | Bought | 7,500 | $24K |
Who owns BDCO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
2 insiders reported holding 8,578,700 shares in total, about $101.3M at the last price.
| Holder | Shares |
|---|---|
| Lazarus Energy Holdings, LLC10% owner | 8,577,500 |
| McDougall William ChristopherDirector of Corp. Development | 1,200 |
Questions about BDCO
What does Blue Dolphin Energy Co do?
Blue Dolphin Energy Co is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on OTC under the ticker BDCO.
Is Blue Dolphin Energy Co profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $26.3M on revenue of $364.9M, a net margin of 7.2%.
How much revenue does Blue Dolphin Energy Co make?
Over the twelve months to June 30, 2026 Blue Dolphin Energy Co reported revenue of $364.9M. That is 22.8% more than a year earlier.
When did Blue Dolphin Energy Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 14, 2026.
Similar companies
Compare BDCO with
Follow BDCO
Get an email when Blue Dolphin Energy Co files with the SEC: results, executive changes, material agreements and annual reports.
Follow BDCO: get an email when it filesWhere the numbers come from
Financial figures are the values Blue Dolphin Energy Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.