Highest-materiality recent filing
Blue Dolphin Q2 2026 net income $17.7M vs $1.7M loss; revenue up 155%
Net income $17.7M ($1.19/share) for Q2 2026 vs net loss $1.7M ($0.12/share) in Q2 2025.
All director nominees elected, say on pay approved, frequency set to 3 years at annual meeting
Five director nominees elected with over 12.8M votes for each (Carroll, Misra, Morris, Bailey, Whitney).
Blue Dolphin Q1 net income jumps to $14.7M ($0.99/sh) from $2.2M; gross profit triples
Net income of $14.7M ($0.99 diluted EPS) vs $2.2M ($0.15) in Q1 2025.
Blue Dolphin FY2025 gross profit $8.7M, net loss narrows; EBITDA turns positive
Gross profit $8.7M (up 123% from $3.9M in FY2024); net loss $5.6M ($0.38/share) vs $8.6M ($0.58/share).
Blue Dolphin Q3 net loss $4.7M; gross profit $0.03M vs ($3.3M) YoY; cash rises to $3.3M
Net loss of $4.7M ($0.31 EPS) vs $5.0M ($0.34) loss in Q3 2024; nine-month loss $4.2M ($0.28) vs $4.7M ($0.32).
Blue Dolphin Q2 net loss narrows to $1.7M; H1 turns to profit
Q2 net loss $1.7M (-$0.12/sh) vs $6.4M loss (-$0.43/sh) a year ago; gross profit $0.6M vs deficit $4.7M.
Blue Dolphin ups affiliate credit line from $10M to $15M, effective June 1, 2025.
Maximum borrowing under affiliate revolving credit agreement increased from $10M to $15M.
Blue Dolphin stockholders elect all five directors and ratify UHY as auditor
All five director nominees elected: Carroll, Misra, Morris, Bailey, Whitney with ~12.5M votes each.
Blue Dolphin Q1 2025 net income falls 66% to $2.2M; EPS $0.15
Net income of $2.2M ($0.15 per share) vs $6.6M ($0.44) in Q1 2024, a 66% decline.
Blue Dolphin posts FY 2024 net loss of $8.6M vs net income of $31.0M in 2023
Revenue fell to $317.5M from $396.0M; refining EBITDA dropped to $2.3M ($0.61/bbl) from $38.6M ($9.37/bbl).
Blue Dolphin reports Q3 net loss of $5.0M vs profit of $7.1M a year ago; refining margins slump
Q3 net loss $5.0M ($0.34 diluted loss per share) vs net income $7.1M ($0.47 diluted EPS) in Q3 2023.
Blue Dolphin subsidiary extends Houston office lease 24 months, expands space 30%
BDSC signed 24-month lease extension effective Sep 1, 2024, expiring Aug 31, 2026.
Blue Dolphin appoints Bryce Klug as principal financial and accounting officer effective Sept 9
Bryce D. Klug, 44, appointed principal financial and accounting officer, Treasurer, and Assistant Secretary.
Blue Dolphin Q2 net loss $6.4M ($0.43/share); revenue $69.7M, gross deficit $4.1M
Net loss of $6.35M vs $1.56M loss in Q2 2023; per-share loss $0.43.
Blue Dolphin Q2 net loss $6.4M; adjusted EBITDA -$5.9M on inventory impairment
Q2 2024 revenue $69.7M, net loss $6.4M ($0.43 loss per share).
Blue Dolphin shareholders elect all five director nominees, ratify auditor at annual meeting
All five directors elected with over 12.6M votes each; only a few dozen withheld votes.
Blue Dolphin subsidiaries obtain waiver of covenant violations for 2021-2023 from lender and USDA
Veritex Community Bank waived all covenant violations under subsidiary loan agreements for 2021-2023.
Blue Dolphin Q1 net income $6.6M ($0.44/share); revenue down 22% YoY
Revenue $91.0M, down from $116.7M in Q1 2023; gross profit $11.8M vs $20.5M.
Blue Dolphin Energy named to 2024 OTCQX Best 50 ranking for second year
Ranking based on equal weighting of one-year total return and average daily dollar volume growth in 2023.
Blue Dolphin resolves contract disputes with Pilot/Tartan; expects gain on debt reduction
NPS and LRM, wholly owned subsidiaries, settled contract disputes with Pilot Travel Centers and Tartan Oil.
Blue Dolphin subsidiary enters crude supply and storage agreements with MVP for Nixon facility
Lazarus Energy (wholly-owned subsidiary) signed Crude Supply Agreement with MV Purchasing, LLC (MVP).
Blue Dolphin Energy extends forbearance with Veritex to March 29, 2024 on $27.9M debt
Forbearance extended through March 29, 2024; existing defaults from missed payments since Feb 2021 continue.
Issued press release on November 15, 2023 reporting financial results for three and nine months ended September 30, 2023.
Tartan Oil LLC provided 60-day notice to terminate Crude Supply Agreement and Terminal Services Agreement on November 2, 2023.
Blue Dolphin enters forbearance extension with Veritex to Dec 29, 2023
First Amended Forbearance Agreement extends forbearance period to December 29, 2023.
Blue Dolphin Q2 net loss of $1.6M vs net income of $13.4M a year ago; gross profit down sharply
Net loss of $1.6M ($0.10 per share) for Q2 2023 vs net income of $13.4M ($0.97/share) in Q2 2022.
All five director nominees elected: Jonathan P. Carroll, Amitav Misra, Christopher T. Morris, Ryan A. Bailey, Herbert N. Whitney.
Blue Dolphin Q1 net income $16.8M ($1.12/share) vs $3.5M; gross profit up 210% YoY
Net income $16.8M ($1.12 diluted EPS) vs $3.5M ($0.27) in Q1 2022, up $13.3M.
Blue Dolphin Pipe Line modifies $8.3M note with Lazarus, deferring principal to 2025
BDPL enters Payment Agreement with Lazarus Energy to modify $8,307,555 promissory note.
Principal and accrued interest total $11,205,516 as of March 31, 2023; new monthly payments of $500,000 from April 2023 through February 2025.
Blue Dolphin subsidiary extends forbearance with Pilot; receives $1.1M payment
Pilot paid $1.1M on April 3, 2023 as part of amendment extending forbearance to June 15, 2023.
Blue Dolphin reports record FY2022 net income of $32.9M vs prior-year loss
Gross profit $46.1M, up $45.2M (4940%) from $0.9M in FY2021.
Blue Dolphin named to 2023 OTCQX Best 50 for top performance in 2022
Ranked among top 50 companies on OTCQX based on 2022 total return and daily dollar volume growth.
Blue Dolphin enters forbearance agreement with Veritex; pays $5.4M in past due amounts
Borrowers will pay $5,424,369 to Veritex covering past-due principal, interest, and $1M reserve deposit.
Blue Dolphin Q3 2022 net income $6.4M ($0.43/sh) vs loss $2.9M YoY; gross profit $10.0M
Net income of $6.4M ($0.43/diluted share) for Q3 2022 vs net loss of $2.9M ($0.23 loss/sh) in Q3 2021.
Blue Dolphin Q2 net income $13.4M ($0.97/sh) vs year-ago loss of $4.1M
Net income of $13.4M ($0.97 diluted EPS) compared to net loss of $4.1M ($0.32 loss) in Q2-21.
Blue Dolphin regains OTCQX compliance after holding annual meeting; directors elected
Held 2022 annual meeting June 22, curing prior non-compliance with OTCQX Section 2.5 requiring annual shareholder meetings.
Blue Dolphin Energy subsidiary cures office lease default with $0.2M payment
BDSC paid ~$0.2M in past due obligations to landlord TR 801 Travis LLC on June 9, 2022.
Blue Dolphin swings to Q1 net income of $3.5M from $3.2M loss; gross profit $6.6M
Net income of $3.5M ($0.27 per share) vs net loss of $3.2M ($0.25 loss per share) in Q1-21.
Blue Dolphin Energy sets 2022 annual meeting for June 22, 2022; record date April 25
Annual meeting scheduled for June 22, 2022.
Blue Dolphin Energy fails OTCQX annual meeting rule; cure period through 2022
On December 14, 2021, Blue Dolphin notified OTC Markets it could not hold 2021 annual meeting as required by OTCQX Rule 3.2.
Blue Dolphin subsidiary Nixon Product Storage secures $10M term loan at 5.75%
Loan of $10M from Greater Nevada Credit Union; 10-year term, fixed rate 5.75%.
Effective September 9, 2024, the Board of Directors of Blue Dolphin Energy Company (“Blue Dolphin”) appointed Bryce D. Klug, 44, as principal financial and accounting officer, Treasurer, and Assistant Secretary of Blue Dolphin.
Max materiality 0.80 · Median 0.60 · Most common event earnings