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BDCO's Q1 profit surges on stronger refining margins and inventory gains despite ongoing debt and liquidity challenges.

Total gross profit of $20.6 million Net income of $14.7 million, or $0.99 per share Consolidated earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $20.7 million HOUSTON, TX / ACCESS Newswire / May 15, 2026 / Blue Dolphin Energy Company ("Blue Dolphin") (OTCQX:BDCO), an independent refiner and marketer of petroleum products in the Eagle Ford Shale region, announced its financial results for the three months ended March 31, 2026. Results of Operations Blue Dolphin reported net income of $14.7 million, or $0.99 per share, for the three months ended March 31, 2026 compared to net income of $2.2 million, or $ 0.15 per share, for the three months ended March 31, 2025.

BDCO reports improved y/y margins and positive EBITDA in 2025 despite lower revenues, while recovering from losses and navigating ongoing liquidity challenges.

Total gross profit of $8.7 million for the twelve months ended December 31, 2025 (the "Full Year 2025") compared to $3.9 million for the twelve months ended December 31, 2024 (the "Full Year 2024"). Net loss of $5.6 million, or a loss of $0.38 per share, for Full Year 2025 compared to a net loss of $8.6 million, or a loss of $0.58 per share, for Full Year 2024.
