BDCO swings to a loss in 2024 as weak margins, lower sales and rising impairments weigh on results. Liquidity and working capital also decline.
BDCO reports a y/y Q3 revenue drop and net loss due to weaker refining margins, lower sales volumes and inventory impairments.
Positive working capital of $9.9 million at September 30, 2024, a $16.0 million improvement compared to December 31, 2023. Adjusted refinery operations segment margin of $1.3 million for the nine months ended September 30, 2024.
14 May 2024 Date | | - Cons. EPS | - EPS |
28 Feb 2024 Date | | - Cons. EPS | - EPS |
15 Nov 2023 Date | | - Cons. EPS | - EPS |
13 Nov 2015 Date | | - Cons. EPS | - EPS |
14 May 2024 Date | | - Cons. EPS | - EPS |
28 Feb 2024 Date | | - Cons. EPS | - EPS |
15 Nov 2023 Date | | - Cons. EPS | - EPS |
13 Nov 2015 Date | | - Cons. EPS | - EPS |
Oil & Gas Refining & Marketing Industry | Energy Sector | Mr. Jonathan Pitts Carroll Sr. CEO | OTCQX Exchange | US0953953074 ISIN |
United States Country | - Employees | - Last Dividend | 16 Jul 2010 Last Split | - IPO Date |
Blue Dolphin Energy Company stands as a notable player in the United States' downstream energy market, specializing in the refinement and marketing of petroleum products. Established in 1986 with its headquarters stationed in Houston, Texas, this independent energy company operates through two primary segments: Refinery Operations, and Tolling and Terminaling. As a subsidiary of Lazarus Energy Holdings, LLC, Blue Dolphin Energy Company harnesses its robust infrastructure and strategic business units to provide a range of petroleum products and services, catering to the dynamic needs of the energy sector.
Blue Dolphin Energy Company's portfolio encompasses a diverse range of products and services designed to meet various industrial and commercial requirements. This includes: