# Blue Dolphin Energy Co (BDCO)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/blue-dolphin-energy-co/ JSON: https://steadybase.io/company/blue-dolphin-energy-co.json Checked Nov 10, 2026. Latest filing read: Aug 14, 2026.

## Company

- Legal name: BLUE DOLPHIN ENERGY CO
- Ticker: BDCO (OTC)
- SEC CIK: 0000793306
- Industry: Crude Petroleum & Natural Gas (SIC 1311)
- Headquarters: Houston, TX
- Fiscal year ends: December 31
- SEC filer category: Non-accelerated filer<br>Smaller reporting company
- Website: blue-dolphin-energy.com
- Investor relations: https://blue-dolphin-energy-company.ir.rdgfilings.com
- LinkedIn: https://www.linkedin.com/company/blue-dolphin-energy-company
- Next earnings date: Nov 14, 2026 (estimated from past 8-K timing)

## Key facts

- Revenue: $279.4M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/0001437749-26-010712-index.html
- Operating income: -$1.5M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/0001437749-26-010712-index.html
- Net income: -$5.6M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/0001437749-26-010712-index.html
- SG&A: $5.3M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/0001437749-26-010712-index.html
- Shares outstanding: 14,921,968 as of Aug 14, 2026 (10-Q filed Aug 14, 2026). Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926028020/0001437749-26-028020-index.html
- Auditor: Uhy LLP, Sterling Heights, Michigan, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/bdco20251231_10k.htm

## Business

The following section of this Annual Report on Form 10-K generally refers to business developments during the twelve months ended December 31, 2025. Discussion of, or references to, prior period business developments that are not included in this Form 10-K can be found in “ Part I, Item 1. Business ” of our Annual Report on Form 10-K for the year ended December 31, 2024.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/bdco20251231_10k.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $279.4M | -$1.5M | -$5.6M | $5.3M |
| Dec 31, 2024 | $317.5M | -$4.3M | -$8.6M | $6.4M |
| Dec 31, 2023 | $396.0M | $36.4M | $31.0M | $3.1M |
| Dec 31, 2022 | $487.5M | $39.1M | $32.9M | $2.9M |
| Dec 31, 2021 | $300.8M | -$6.7M | -$12.8M | $3.0M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/blue-dolphin-energy-co.json

## Officers and directors

- Jonathan P. Carroll, Chief Executive Officer, President, Assistant Treasurer, and Secretary (Principal Executive Officer). Source: 10-Q filed Aug 14, 2026, https://www.sec.gov/Archives/edgar/data/793306/000143774926028020/ex_967500.htm
- Bryce D. Klug, Treasurer and Assistant Secretary. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/bdco20251231_10k.htm
- Jonathan Carroll, Director. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/bdco20251231_10k.htm

## Recent 8-K events

- Oct 22, 2026: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926033187/bdco20261019_8k.htm
- Aug 17, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926028116/bdco20260522_8k.htm
- Jun 26, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926021826/bdco20260617_8k.htm
- May 18, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926017548/bdco20260513_8k.htm
- Apr 2, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926011052/bdco20251119_8k.htm
- Nov 14, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774925035213/bdco20250902_8k.htm
- Aug 14, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774925026949/bdco20250519_8k.htm
- Aug 8, 2025: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774925025635/bdco20250806_8k.htm
- Jul 1, 2025: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774925021716/bdco20250626c_8k.htm
- May 15, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774925017250/bdco20250508_8k.htm

## Insider trades (Form 4)

- Sep 11, 2025: Jonathan P. Carroll (CEO & President) bought 4,221 shares, about $5,994. Source: https://www.sec.gov/Archives/edgar/data/793306/000143774925029056/0001437749-25-029056-index.htm

## What management said

- "Blue Dolphin's disciplined operational execution within the continuing environment of geopolitical and market volatility drove strong financial results and significant cash generation in the second quarter and first half of 2026" Jonathan P. Carroll, Chief Executive Officer of Blue Dolphin Energy Company (8-K filed Aug 17, 2026). Source: https://www.sec.gov/Archives/edgar/data/793306/000143774926028116/ex_967513.htm

## Latest filings

- 8-K filed Oct 22, 2026: https://www.sec.gov/Archives/edgar/data/793306/000143774926033187/bdco20261019_8k.htm
- 10-K filed Mar 31, 2026: https://www.sec.gov/Archives/edgar/data/793306/000143774926010712/bdco20251231_10k.htm
- 10-Q filed Aug 14, 2026: https://www.sec.gov/Archives/edgar/data/793306/000143774926028020/bdco20260630_10q.htm
- DEF 14A filed May 11, 2026: https://www.sec.gov/Archives/edgar/data/793306/000143774926016125/bdco20260310_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/