📊 BDCO Key Takeaways
Investment Thesis
Blue Dolphin Energy faces severe operational distress with negative profitability across all margins, collapsing revenues (-19.8% YoY), and persistent cash burn. The company's deteriorating financial position is evidenced by negative free cash flow, inadequate liquidity (0.68x current ratio), and inability to generate sufficient operating cash flow to fund capex.
BDCO Strengths
- Modest long-term debt levels (5.2M) relative to total liabilities (76.3M)
- Positive gross profit generation (7.8M) indicating some operational viability
- Reasonable debt-to-equity ratio (0.18x) suggests moderate leverage
BDCO Risks
- Negative net income (-4.2M) with deteriorating trend (-127.8% YoY change)
- Severe liquidity crisis: current ratio of 0.68x and quick ratio of 0.21x indicate inability to meet short-term obligations
- Negative free cash flow (-2.9M) with operating cash burn (-2.5M) unsustainable long-term
- Revenue decline of 19.8% YoY signals market share loss or commodity price pressure
- Negative interest coverage (-0.9x) indicates inability to service debt from operations
- Critical cash position (2.3M) insufficient to cover liabilities given burn rate
Key Metrics to Watch
- Operating cash flow trend and path to positive territory
- Revenue stabilization and margin recovery indicators
- Cash position and liquidity runway relative to operating burn rate
BDCO Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BDCO Profitability Ratios
BDCO vs Energy Sector
How BLUE DOLPHIN ENERGY CO compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BDCO Balance Sheet & Liquidity
BDCO 5-Year Financial Trend
5-Year Trend Summary: BLUE DOLPHIN ENERGY CO's revenue has declined by 19% over the 5-year period, indicating business contraction. The most recent EPS of $2.08 reflects profitable operations.
BDCO Growth Metrics (YoY)
BDCO Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $70.4M | -$4.2M | $-0.28 |
| Q2 2025 | $56.6M | $274.0K | $0.02 |
| Q1 2025 | $83.7M | $2.2M | $0.15 |
| Q3 2024 | $82.1M | -$4.7M | $-0.32 |
| Q2 2024 | $68.9M | $274.0K | $0.02 |
| Q1 2024 | $91.0M | $6.6M | $0.44 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BDCO Capital Allocation
BDCO SEC Filings
Access official SEC EDGAR filings for BLUE DOLPHIN ENERGY CO (CIK: 0000793306)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BDCO
What is the AI rating for BDCO?
BLUE DOLPHIN ENERGY CO (BDCO) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BDCO's key strengths?
Modest long-term debt levels (5.2M) relative to total liabilities (76.3M). Positive gross profit generation (7.8M) indicating some operational viability.
What are the risks of investing in BDCO?
Negative net income (-4.2M) with deteriorating trend (-127.8% YoY change). Severe liquidity crisis: current ratio of 0.68x and quick ratio of 0.21x indicate inability to meet short-term obligations.
What is BDCO's revenue and growth?
BLUE DOLPHIN ENERGY CO reported revenue of $210.6M.
Does BDCO pay dividends?
BLUE DOLPHIN ENERGY CO does not currently pay dividends.
Where can I find BDCO SEC filings?
Official SEC filings for BLUE DOLPHIN ENERGY CO (CIK: 0000793306) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BDCO's EPS?
BLUE DOLPHIN ENERGY CO has a diluted EPS of $-0.28.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.