# Blue Dolphin Energy Co: overview

BDCO · OTC · CIK 793306 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/bdco.md) · [Financials](/companies/bdco/financials.md) · [Filings](/companies/bdco/filings.md) · [Insiders](/companies/bdco/insiders.md)

Latest reported revenue: [$144.3m](/filings/0001437749-26-028020.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001437749-26-028020).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [82.1](/filings/0001437749-25-035172.md) | [74.7 d](/filings/0001437749-26-010712.md) | [83.7](/filings/0001437749-26-017402.md) | [56.6](/filings/0001437749-26-028020.md) | [70.4](/filings/0001437749-25-035172.md) | [68.8 d](/filings/0001437749-26-010712.md) | [81.5](/filings/0001437749-26-017402.md) | [144](/filings/0001437749-26-028020.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(5.8%)](/filings/0001437749-25-035172.md) | [(3.6%) d](/filings/0001437749-26-010712.md) | [5.2%](/filings/0001437749-26-017402.md) | [(1.1%)](/filings/0001437749-26-028020.md) | [(7.2%)](/filings/0001437749-25-035172.md) | [(0.2%) d](/filings/0001437749-26-010712.md) | [24.5%](/filings/0001437749-26-017402.md) | [16.4%](/filings/0001437749-26-028020.md) |
| Net margin | % | [(6.1%)](/filings/0001437749-25-035172.md) | [(5.2%) d](/filings/0001437749-26-010712.md) | [2.7%](/filings/0001437749-26-017402.md) | [(3.0%)](/filings/0001437749-26-028020.md) | [(6.6%)](/filings/0001437749-25-035172.md) | [(2.1%) d](/filings/0001437749-26-010712.md) | [18.1%](/filings/0001437749-26-017402.md) | [12.3%](/filings/0001437749-26-028020.md) |
| Diluted EPS | $ per share | [(0.34)](/filings/0001437749-25-035172.md) | not reported | [0.15](/filings/0001437749-26-017402.md) | [(0.12)](/filings/0001437749-26-028020.md) | [(0.31)](/filings/0001437749-25-035172.md) | not reported | [0.99](/filings/0001437749-26-017402.md) | [1.19](/filings/0001437749-26-028020.md) |
| Free cash flow | $m | [(0.1) d](/filings/0001437749-25-035172.md) | [0.8 d](/filings/0001437749-26-010712.md) | [(1.7)](/filings/0001437749-26-017402.md) | [(1.7) d](/filings/0001437749-26-028020.md) | [0.5 d](/filings/0001437749-25-035172.md) | [1.4 d](/filings/0001437749-26-010712.md) | [0.8](/filings/0001437749-26-017402.md) | [38.1 d](/filings/0001437749-26-028020.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [301](/filings/0001654954-23-004195.md) | [488](/filings/0001437749-24-010434.md) | [396](/filings/0001437749-25-010478.md) | [318](/filings/0001437749-26-010712.md) | [279](/filings/0001437749-26-010712.md) |
| Gross margin | % | [0.3%](/filings/0001654954-23-004195.md) | [9.5%](/filings/0001437749-24-010434.md) | [11.3%](/filings/0001437749-24-010434.md) | not reported | not reported |
| Operating margin | % | [(2.2%)](/filings/0001654954-23-004195.md) | [8.0%](/filings/0001437749-24-010434.md) | [9.2%](/filings/0001437749-25-010478.md) | [(1.4%)](/filings/0001437749-26-010712.md) | [(0.5%)](/filings/0001437749-26-010712.md) |
| Net margin | % | [(4.3%)](/filings/0001654954-23-004195.md) | [6.7%](/filings/0001437749-24-010434.md) | [7.8%](/filings/0001437749-25-010478.md) | [(2.7%)](/filings/0001437749-26-010712.md) | [(2.0%)](/filings/0001437749-26-010712.md) |
| Diluted EPS | $ per share | [(1.01)](/filings/0001654954-23-004195.md) | [2.34](/filings/0001437749-24-010434.md) | [2.08](/filings/0001437749-25-010478.md) | [(0.58)](/filings/0001437749-26-010712.md) | [(0.38)](/filings/0001437749-26-010712.md) |
| Free cash flow | $m | [(6.1)](/filings/0001654954-23-004195.md) | [16.2](/filings/0001437749-24-010434.md) | [19.9](/filings/0001437749-25-010478.md) | [(15.7)](/filings/0001437749-26-010712.md) | [(0.8)](/filings/0001437749-26-010712.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bdco/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [RMG Wealth Management LLC](/funds/1844731.md) | 2026-06-30 | $500 | 1,000,000 |  | New +1,000,000 |

## Recent filings

[All 427 filings](/companies/bdco/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 13:00 ET | [8-K](/filings/0001437749-26-033187.md) | 5.02 Departure or appointment of officers or directors | 0001437749-26-033187 |
| 2026-08-17 | 13:01 ET | [8-K](/filings/0001437749-26-028116.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-028116 |
| 2026-08-14 | 20:21 ET | [10-Q](/filings/0001437749-26-028020.md) | Quarterly report, period 2026-06-30 | 0001437749-26-028020 |
| 2026-06-26 | 19:38 ET | [8-K](/filings/0001437749-26-021826.md) | 5.07 Shareholder vote results | 0001437749-26-021826 |
| 2026-05-18 | 15:12 ET | [8-K](/filings/0001437749-26-017548.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-017548 |
| 2026-05-15 | 20:33 ET | [10-Q](/filings/0001437749-26-017402.md) | Quarterly report, period 2026-03-31 | 0001437749-26-017402 |
| 2026-05-11 | 20:17 ET | [DEF 14A](/filings/0001437749-26-016125.md) | Proxy statement, period 2026-06-25 | 0001437749-26-016125 |
| 2026-04-02 | 17:31 ET | [8-K](/filings/0001437749-26-011052.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-011052 |
| 2026-03-31 | 20:46 ET | [10-K](/filings/0001437749-26-010712.md) | Annual report, period 2025-12-31 | 0001437749-26-010712 |
| 2025-11-14 | 21:32 ET | [8-K](/filings/0001437749-25-035213.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-25-035213 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-010712.md), filed Mar 31, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/f04979f3-250a-438a-a243-6790d7679030)

## About the filer

- CIK: 793306
- Tickers: BDCO
- Exchange: OTC
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:24 ET. No prices; not investment advice.
