---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-017548"
form_type: "8-K"
ticker: "BDCO"
cik: "0000793306"
company_name: "BLUE DOLPHIN ENERGY CO"
filed_at: "2026-05-18T15:12:56+00:00"
generated_at: "2026-05-18T15:14:41.723815+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blue Dolphin Q1 net income jumps to $14.7M ($0.99/sh) from $2.2M; gross profit triples

## Summary
- Net income of $14.7M ($0.99 diluted EPS) vs $2.2M ($0.15) in Q1 2025.
- Gross profit of $20.6M, up from $6.1M a year ago; EBITDA of $20.7M vs $5.1M.
- Revenue of $81.5M slipped slightly from $83.7M; cash and equivalents at $1.4M (down from $2.0M at Dec 2025).
- CEO cites improved product differentials and favorable inventory impacts amid geopolitical uncertainty.

## SEC filing metadata
- accession: 0001437749-26-017548
- form_type: 8-K
- ticker: BDCO
- cik: 0000793306
- company_name: BLUE DOLPHIN ENERGY CO
- filed_at: 2026-05-18T15:12:56+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793306/000143774926017548/0001437749-26-017548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793306/000143774926017548/bdco20260513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-017548
- JSON: https://secwatch.observer/filing/0001437749-26-017548.json
- Plain text: https://secwatch.observer/filing/0001437749-26-017548.txt

## Key facts
- Earnings Releases
  BLUE DOLPHIN ENERGY CO reported the three months ended March 31, 2026 results: net income $14.7 million, EPS $0.99 per share.
  - Period: the three months ended March 31, 2026
  - Net income: $14.7 million
  - EPS: $0.99 per share
  - Result: reported results
  source text: Blue Dolphin reported net income of $14.7 million, or $0.99 per share, for the three months ended March 31, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/793306/000143774926017548/0001437749-26-017548-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.