Blue Dolphin Energy Co.
- BDCO · OTC
- Crude Petroleum & Natural Gas
- Houston, TX
- CIK 0000793306
Updated from SEC filings through
Top things to know
Executives
- Jonathan P. Carroll Chief Executive Officer, President, Assistant Treasurer, and Secretary (Principal Executive Officer) 10-Q, 2026-08-14
- Bryce D. Klug Treasurer and Assistant Secretary 10-K, 2026-03-31
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed August 17, 2026
Blue Dolphin Energy Co is a U.S. public company in crude petroleum & natural gas (SIC 1311), headquartered in Houston, TX. It trades as BDCO on OTC. Revenue was $279M in the fiscal year ending December 31, 2025, -12.0% from the year before. Jonathan P. Carroll is Chief Executive Officer, President, Assistant Treasurer, and Secretary (Principal Executive Officer).
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $279M 10-K, 2026-03-31 | $318M 10-K, 2026-03-31 | $396M 10-K, 2025-04-01 | $488M 10-K, 2023-04-03 | $301M 10-K, 2023-04-03 |
| Operating income | -$1.5M 10-K, 2026-03-31 | -$4.3M 10-K, 2026-03-31 | $36.4M 10-K, 2025-04-01 | $39.1M 10-K, 2024-04-01 | -$6.7M 10-K, 2023-04-03 |
| SG&A | $5.3M 10-K, 2026-03-31 | $6.4M 10-K, 2026-03-31 | $3.1M 10-K, 2025-04-01 | $2.9M 10-K, 2024-04-01 | $3.0M 10-K, 2023-04-03 |
| Net income | -$5.6M 10-K, 2026-03-31 | -$8.6M 10-K, 2026-03-31 | $31.0M 10-K, 2025-04-01 | $32.9M 10-K, 2024-04-01 | -$12.8M 10-K, 2023-04-03 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Jonathan P. Carroll | Chief Executive Officer, President, Assistant Treasurer, and Secretary (Principal Executive Officer) | 10-Q, 2026-08-14 |
| Bryce D. Klug | Treasurer and Assistant Secretary | 10-K, 2026-03-31 |
| Jonathan Carroll | Director | 10-K, 2026-03-31 |
What Blue Dolphin Energy Co does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 14.9 million (as of August 14, 2026) | 10-Q, August 14, 2026 |
|---|---|---|
| Public float | $3.1M (as of June 30, 2025) | 10-K, March 31, 2026 |
| Reportable segments | 2 (period ending June 30, 2026) | 10-Q, August 14, 2026 |
| Latest proxy statement | Meeting June 25, 2026 (filed May 11, 2026) | DEF 14A, May 11, 2026 |
| Auditor | Uhy LLP (Sterling Heights, Michigan) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 11, 2025 | Jonathan P. Carroll CEO & President | Buy | 4,221 | $6K | Form 4, September 15, 2025 |
Recent 8-K events
- 8-K filed 2026-10-22
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-08-17
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-26
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-18
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-04-02
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-11-14
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-08-14
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-08-08
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2025-07-01
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2025-05-15
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Blue Dolphin Energy Co
- What does Blue Dolphin Energy Co do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Blue Dolphin Energy Co's revenue?
- $279M for the fiscal year ending December 31, 2025, from its 10-K filed March 31, 2026.
- Is Blue Dolphin Energy Co profitable?
- Blue Dolphin Energy Co reported net income of -$5.6M for the fiscal year ending December 31, 2025.
- Who is the CEO of Blue Dolphin Energy Co?
- Jonathan P. Carroll, Chief Executive Officer, President, Assistant Treasurer, and Secretary (Principal Executive Officer), as named in a 10-Q filed August 14, 2026.
- Where is Blue Dolphin Energy Co headquartered?
- Houston, TX.
- What is Blue Dolphin Energy Co's stock ticker?
- BDCO on OTC.
- What industry is Blue Dolphin Energy Co in?
- Crude Petroleum & Natural Gas, SIC code 1311.
- What is Blue Dolphin Energy Co's website?
- blue-dolphin-energy.com. Investor relations: https://blue-dolphin-energy-company.ir.rdgfilings.com.
- When does Blue Dolphin Energy Co report earnings next?
- November 14, 2026. Source: estimate_10q_cadence.
- Is Blue Dolphin Energy Co a public company?
- Yes. Blue Dolphin Energy Co files with the SEC under CIK 0000793306 and trades as BDCO.
- Who audits Blue Dolphin Energy Co?
- Uhy LLP, Sterling Heights, Michigan, as named in its latest annual report (10-K).
- How many shares of Blue Dolphin Energy Co are outstanding?
- 14.9 million shares as of August 14, 2026, from its 10-Q filed August 14, 2026.
- What is Blue Dolphin Energy Co's public float?
- $3.1M as of June 30, 2025, as reported on the cover of its 10-K filed March 31, 2026.
- How many business segments does Blue Dolphin Energy Co report?
- 2 reportable segments for the period ending June 30, 2026, from its 10-Q filed August 14, 2026.
- When is Blue Dolphin Energy Co's annual shareholder meeting?
- June 25, 2026, per its proxy statement (DEF 14A) filed May 11, 2026.
- Have Blue Dolphin Energy Co insiders traded stock recently?
- Since September 11, 2025, officers and directors reported 0 open-market sales and 1 purchase worth about $6K on Forms 4 and 5. The most recent: Jonathan P. Carroll (CEO & President) bought 4,221 shares on September 11, 2025.