Blue Dolphin Energy Company (QX) (BDCO)

..For those who are interested, Lazarus Energy, per Form 4 ,purchased another 20,000 shares of Blue Dolphin Energy, for prices of $3.91 to $ 3.95 on May 27-2026. So you would think that they believe, Blue Dolphin is worth much more than, that..2nd Quarter ends this month of June ,and so far, it looks to be good, for Blue Dolphin. Energy..GLTA

Looks like BDCO made 99 cents per share, --per 1st quarter 10-Q , 2026.-- Looks good to me , considering crack spreads didn't start going up until February 2026. Also crack spreads are still going strong in 2026 2nd quarter. Good luck to all and some more..

On the DEF 14A posted today on page 3 there's a promising note about the debt along with some promising modernizations.
https://blue-dolphin-energy-company.ir.rdgfilings.com/

I love the share holders to this company

I’m backkkkkk charge

$BDCO: Now at $3.80.... heading to $8 again

Watch and learn.

Just here giving out these FREE and EZ Money MAKING tips

GO $BDCO

$BDCO: Tight tight tighttttt global Supply...................

Only getting tighter............................. thanks to this stupid useless "EXCURSION" that turdboy started.


Nigeria’s jet fuel shortage is being driven by disruptions in the Strait of Hormuz that have reduced global middle distillate supplies, according to a fuel marketers’ group, further squeezing airlines already facing rising costs.pic.twitter.com/qdUfxxdSI4— Breaking911 (@Breaking911) April 21, 2026

GO $BDCO

Lazarus Energy Holdings bought a couple hundred thousand dollars worth of BDCO per Form 4, last week. Must be a good time to buy.. We shall see ..most likely soon , because of the refined products that Blue Dolphin Energy makes , are a high margin product now ,GLTA

$BDCO: Global JetFuel CRISIS.... Focus ALL HERE

I won't be surprised if this hits $10 by SUMMER.

Bread & BUTTER ........ JETFUEL for $BDCO


GO $BDCO

$BDCO: Global Jet Fuel crisis according to IATA................

This bodes well for $BDCO.

Dipped to $2.40 today

Dips are considered good buys based on this shortage of supply

Jet fuel supply could take months to recover even as the Strait of Hormuz moves toward reopening. According to IATA, refining disruptions are keeping costs elevated, with implications for airline fares.#Forbes pic.twitter.com/PurZJSAte3— Forbes Middle East (@Forbes_MENA_) April 8, 2026


GO $BDCO

$BDCO: Well done........ now $3.05

Good call on it.

Missed that entry........... enjoy the run

Its Bridges & Power Plant day according to Dementia Dingbat Don.... gonna destroy an entire CIVILIZATION today, right ??

DEMENTIA KING !!!!!!!!!!




GO $BDCO

Delta Airlines owns a refinery in Philadelphia named the Monroe refinery, to act as a Hedge against high jet fuel prices. This gives Delta Airlines a competitive advantage over other Airlines . So one would would think, that an Airline would be interested in buying Blue Dolphin Energy, for a fair price. If Blue Dolphin was interested in getting top dollar for its assets , now may be a good time. GLTA

According to marketpulse.com ---Jet Fuel Crack Spread prices have recently risen from $14 a barrel to over $100 in some places. Hopefully BDCO will find a way to profit from higher refined product prices. GLTA

I see Blue Dolphin Energy Co. put out there 10-K for 2025. I have not read it yet, because ,I'm mostly interested in the, 2026 1st Quarterly Report, which should have much better crack spreads in it. GLTA

My screen is showing BDCO is up 15.32% today. So I wonder whose buying ? Also the volume is around 12K shares., so maybe the low low volume is the reason for the lack of interest. .Maybe if oil and the crack stays up, the interest will increase. Time will tell. GLTA

I see Jonathan P. Carroll Bought 4211 shares for $ 1.42 on 9/11/2025, so I would think this company is alive and well. With crack spreads soaring , it would seem that, BDCO stock, would soar soon too. GLTA

Not much news here. Does this company have a 4th quarter report for 2025 ? Volume and price are picking up now.. I've been thinking this one is for sale now ? Anyone have any thoughts or information. Also the crack spread should be exploding now or soon on this one. GLTA

Is it time to get back in what do you think

Hello Blue Dolphin its been a while

It's thinly traded. Very low volume. A relatively small sell order or buy order can push the price down or up dramatically. Nothing strange about that
What is true is that Jonathan Carroll, the CEO who already owns over 80% of the stock, continues to buy more. He bought thousands more shares last week, as he does on a regular basis.

That's a sign of confidence in the business and the company.

This is a strange stock. Over the year the thing that happened today has happed at uneven intervals: there is dumping of shares for no apparent reason.

10Q
Blue Dolphin Energy Co., a company engaged in refinery operations and tolling and terminaling, has released its Form 10-Q report for the third quarter. The report outlines significant financial and operational challenges faced by the company, including decreased revenues and profitability, as well as strategic initiatives aimed at navigating macroeconomic uncertainties.

Financial Highlights

Total Revenue: $83.7 million, reflecting a decrease from $91.0 million in the prior year period due to less favorable refining margins and lower sales volumes.
Gross Profit: $6.1 million, calculated as Total Revenue minus Total Cost of Goods Sold ($83.7 million - $77.6 million), indicating a decline in profitability compared to the previous year.
Income from Operations: $4.3 million, down from $9.8 million in the prior year period, primarily due to increased general and administrative expenses and less favorable refining margins.
Net Income: $2.2 million, a significant decrease from $6.6 million in the prior year period, impacted by lower operating income and higher interest expenses.
Basic and Diluted EPS: $0.15, compared to $0.44 in the prior year period, reflecting the decrease in net income.
Business Highlights

Revenue Segments: The company operates in two main segments: refinery operations and tolling and terminaling. Refinery operations generated $82,868,000 in revenue, while tolling and terminaling contributed $1,391,000, with an intercompany elimination of $567,000.
Sales Units: The refinery operations segment processed light sweet crude oil, with a capacity of 15,000 barrels per day. Inventory levels increased due to unfavorable product pricing and limited export opportunities.
Operational Challenges: The company faced less favorable refining margins and lower sales volumes compared to the previous year, impacting net income.
Future Outlook: Management anticipates continued challenges due to macroeconomic uncertainties, including inflation, interest rates, and geopolitical tensions. The company is focused on optimizing its asset base, improving operational efficiencies, and seizing market opportunities.
Business Strategy: The strategic objectives include maintaining safe operations, enhancing health, safety, and environmental systems, reducing variable costs, increasing throughput capacity, and leveraging existing infrastructure for renewable energy projects.

I just checked. Last year was a lousy year indeed: "EPS (TTM) -0.5800". I was taken aback.

Looks like the crack spread for Jet Fuel (BDCO's main product) has been rising since approximately September 2024, after a slow decline through all of 2023 and most of 2024. Good news for BDCO shareholders.
The spread was over $20 a barrel last week.
https://www.iata.org/en/publications/economics/fuel-monitor/

BDCO shares on sale herel, under $2.50
Likely a little depresssed because we are into the period before earnings when insiders cannot buy. And we all know that the CEO already owns over 80% of the shares. I'm comfortable riding out these price swings, knowing the CEO has so much miore invested here than I do.

A better buy now when the pps is down almost 14%.

That makes sense to me. Thanks for the reply. 

This is a solid little company, over 80% owned by the CEO and his company.
They've got a good litte refinery, in a good location. Still some debt left over from the collapse of oil during the pandemic, but they are working through it.
As no new refineries are being built, and old ones being retired, the value of BDCO's asset is solid.
Can't really go wrong at this price. If you smooth out earnings, they are trading at less than 4 times earnings.

Following for 2025

The CEO owns more than 80% of the shares, so you are right, he really doesn't much care if there are other investors or not.
But if he ever decides to sell, I think the shares are worth a good deal more, and minority shareholders will have to be paid wahtever he gets for himself.
He's been buying shares steadily for several years, and has paid $5 or more for some of his shares, so I am comfortable just riding along, and getting paid when he does.

The stock would perform much better if it were listed on Nasdaq. Not sure why they don't do this, but they don't seem to want to do this. I'm thinking company leadership must not actually want investors....

downthehatch Strangely this sort of dumping in this stock has happened from time to time right from the time this stock was discovered by RD and soared from much less than one dollar to more than two dollars. Fundamentally this stock is of course very cheap in relation to annual earnings per share but the market seems to assume that this reflects future prospects.

One 5,000 share dump at 2.21.
Now back up over 3.30 on 4 times the volume. Not worried.

I'm still up over 100% long term on these shares.
Still a good consistent business, 83% owned by the CEO.

I like sharing some of the remaining 17% of the company with the CEO!

It is years since the pps traded as low? "Day Range: 2.21 - 3.23"

Looks like Jonathan Carrol buying more shares after the 10Q filing this week. Wouldn't be surprised at all to see him pick up another 5-10,000 shares in a 4K filing later this week.

Good time to load shares under $4

After reviewing the 10Q for the 6/30/24 period, and comapring to the 10K for 2023, I find that BDCO continues on it's path of reducing current debt, improving working cash (now positive by 17 million for the first time in three years), and addressing defaults in its various loans. The Veritex loans were reclassified to LT debt after curing the defaults, resulting in a significant improvement in current debt of $24 million for the first half.
Obviously, the loss per share of .43 is very disappointing. We know that the crack spread was weak in the first half, and we now know that downtime in the first half was 18 days, vs 7 days in the first half of 2023. In 2024, there was a significant planned turnaround in May of 13 days, as well as 3 days of cold weather shutdown in January, and 2 days of maintenance and repairs. In first half 2023, the only downtime was 7 days for maintenance and repairs.
So, many of the reasons for the loss in Q2 will not recur in Q3 and Q4, and BDCO should be profitable the remainder of the year. As management contiues to address debt, I think the shares should be able to reach about $6-7 /share by the end of the year.

It’s about to change

Crack spread about as low as it has been over the last two years, revenue may be weaker in Q3. Time for BDCO to reduce debt, to keep costs down.
https://www.iata.org/en/publications/economics/fuel-monitor/

Welcome back, everybody.
I've been here since we were at just over a buck, and have sold a few thousand and then bought them back. I like the management, and the fact that management owns about 80% of the shares. I'm sure they are going to continue to do the right thing for sharehlders, which will make them wealthy along with us.

Back in small. Watching crack spreads

Yes:)

BDCO turned out to be a winner after all :)

remember when it was 25-45 cents

This moves more or less with other refiners who move more or less with the crack spread.
https://www.energystockchannel.com/quotes/?a=chart&ticker=$CRACK321&period=5y&title=5+Years

That said - there are some who believe that small refiners will benefit from the SCOTUS decision re Chevron. This will help both on the RIN purchases but then again this stock is so small - who knows. (somebody does but its not me).

Hello guys starting to get interested in this thing again

hweb2 Over a number of years there have been big sell-offs without a limit and then the pps has more or less recovered - hard to explain.

I told you, it has happened before. Quite a few times. Intraday drop of 40% or more. Because some savage is dumping. On low volume even. But you don't have to believe me.

As for the price, $8 is probably too high anyway. $5 seems more like fair value.

Ha there's no way to know that is all. A stock crashing nearly 70% in a few weeks on no company news ain't normal. And it prob ain't just crappy market conditions. Because they're not that crappy. Nasdaq over 17,000. Dow pushing 40K. And junky stocks like ASNS flying daily. If anything, I'd call this market extremely frothy!

No. Crappy market. That is all.

Stock touched $8 a few weeks ago. Today it dropped as low as $2.50. Seems like more than weak market conditions. As if something negative has leaked out...but I'm not sure what. Nice rebound today at least. Congrats to those who bought the selloff!