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Blue Dolphin Energy Company specializes in the refinement and distribution of petroleum products across the United States. The firm's activities are divided into two core segments: Refinery Operations, and Tolling and Terminaling. Through its Refinery Operations, BDCO manufactures finished products, notably jet fuel, as well as a range of intermediate products like naphtha, heavy oil-based mud blendstock, and atmospheric gas oil. Additionally, the company provides tolling and terminaling services for external clients at its Nixon facility. Established in 1986, this Houston, Texas-based enterprise operates as a subsidiary of Lazarus Energy Holdings, LLC.
Blue Dolphin Reports Second Quarter 2026 Financial Results
Blue Dolphin swung to a net income of $17.7 million, or $1.19 per share, for the second quarter of 2026, compared to a net loss of $1.7 million in the prior-year period.
Gross profit surged to $25.1 million from $0.6 million a year ago, while consolidated EBITDA jumped to $24.4 million from $0.1 million.
Liquidity improved significantly, with cash and restricted cash rising to $31.7 million from $2.0 million at year-end 2025.