The company's significant improvement in profitability and cash position suggests operational turnaround, but traders should monitor the working capital deficit which increased to $24.4 million and the impact of the $3.026 million impairment of fixed assets on future performance.
Price Chart
Executive Summary
Blue Dolphin Energy reported full-year 2025 financial results showing improved gross profit of $8.7 million (up from $3.9 million in 2024) and reduced net loss of $5.6 million (down from $8.6 million in 2024), with consolidated EBITDA turning positive at $1.3 million compared to a loss of $1.5 million in the prior year.
Key Financial Metrics
Key Facts
- Reported gross profit of $8.7 million for 2025, up from $3.9 million in 2024
- Net loss narrowed to $5.6 million from $8.6 million in the prior year
- Consolidated EBITDA turned positive at $1.3 million compared to $(1.5) million in 2024
- Refinery operations EBITDA improved to $2.9 million from $(0.4) million in 2024
- Cash and cash equivalents increased to $2.0 million from $1.1 million at year-end 2024
Financial Impact
Gross profit increased 123% year-over-year to $8.7 million, net loss decreased 35% to $5.6 million, and EBITDA turned positive at $1.3 million
Risk Factors
- Working capital deficit increased to $24.4 million from $19.1 million in 2024
- Impairment of fixed assets totaled $3.026 million in 2025 with no comparable charge in 2024
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-011052 |
| Document: bdco20251119_8k.htm | 0001437749-26-011052 |
| Document: 0001437749-26-011052-index-headers.html | 0001437749-26-011052 |
| Document: 0001437749-26-011052-index.html | 0001437749-26-011052 |
| Document: 0001437749-26-011052.txt | 0001437749-26-011052 |
| 8-K Data (Synthetic) | 0001437749-26-011052 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $12.90 $12.74 | ▼ −1.24% | ▼ −0.72% | $13.00 (+0.78%) |
Aug 17, 2026 10w ago | 8-K | $5.62 $6.45 | ▲ +14.77% | ▲ +15.44% | $13.00 (+131.32%) |
May 18, 2026 23w ago | 8-K | $4.11 $4.23 | ▲ +2.92% | ▲ +3.57% | $13.00 (+216.30%) |
Apr 2, 2026 29w ago | 8-K | $2.70 $2.71 | ▲ +0.37% | ▼ −0.11% | $13.00 (+381.48%) |
US Market Status
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