MARKETS / BALCAO / BDCO
BALCAO · CRUDE PETROLEUM & NATURAL GAS · SMALL CAP

Blue Dolphin Energy Co. BDCO

16 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$279.4M
▼ 12.0% vs FY2024
EPS · FY25
$-0.38
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-18.6%
Net margin · FY25
-2.0%
Dividend coverage
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Result
USD 279.4M
Revenue, FY2025 · full 16-year series below
Revenue Net income
0.20.40.60.3-0.0201020132016201920222025
0.20.40.60.3-0.02016201920222025

The company lost 2 cents on every revenue dollar this year.

Per share
USD -0.38
Diluted EPS, FY2025
EPS
0.81.62.4-0.38201020132016201920222025
0.81.62.4-0.382016201920222025

The company pays no cash dividend.

Profitability
-18.6%
Return on equity, FY2025
ROE
4080120-18.6%201020132016201920222025
4080120-18.6%2016201920222025
Operating margin-0.5%
Net margin-2.0%
Return on assets-5.6%

Each USD of equity lost 19 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+9.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−16.9%
+9.8%
+2.3%
+36.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.01B
Shares outstanding, FY2025
0.000.01201020132016201920222025
0.010.012016201920222025
Change, 5 years+17.6%
Change, 10 years+40.7%

The share count grew 18% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 99.1M
total assets, end of FY2025
Total assetsUSD 99.1M
EquityUSD 27.4M
CashUSD 1.0M
Gross debtUSD 44.4M
Net debtUSD 43.4M
Current ratio0.64×

Net debt stands at 159% of equity.

History
16 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Revenue $B
0.3
0.3
0.4
0.5
0.3
0.2
0.3
0.3
0.3
0.2
0.2
0.4
0.4
0.4
0.0
0.0
Operating income $B
−0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
−0.0
−0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
0.0
−0.0
−0.0
0.0
0.0
Net income $B
−0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
−0.0
EPS, diluted $
−0.38
−0.58
2.08
2.34
−1.01
−1.15
0.66
−0.05
−2.09
−1.51
0.42
1.51
−0.36
−1.78
0.02
−0.55
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−18.6
−23.2
118.8
·
·
·
·
·
−373.1
−64.2
14.6
78.6
−26.5
−113.3
1.2
−6.6
Shares out B
0.01
0.01
0.01
0.01
·
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.00

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
55 of 55
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed