$BDCO
BLUE DOLPHIN ENERGY CO
CIK:0000793306|SEC Filings
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| REVENUE FROM OPERATIONS | ||||||
| Total revenue from operations | $ 144,255 | $ 56,583 | $ 225,745 | $ 140,275 | ||
| COSTS AND EXPENSES | ||||||
| Crude oil, fuel use, and chemicals | 109,111 | 50,669 | 166,340 | 125,245 | ||
| Other conversion costs | 9,219 | 4,581 | 12,153 | 6,862 | ||
| Tolling and terminaling costs | 179 | 140 | 291 | 262 | ||
| Depreciation and amortization | 646 | 643 | 1,291 | 1,283 | ||
| Total cost of goods sold | 119,155 | 56,033 | 180,075 | 133,652 | ||
| Other operating costs (gain) | ||||||
| LEH operating fee, related party | 259 | 276 | 492 | 458 | ||
| Other operating expenses | [1] | 156 | 125 | 317 | 244 | |
| General and administrative expenses | 885 | 704 | 2,057 | 2,059 | ||
| Gain on regulatory settlement | 0 | 0 | (1,013) | 0 | ||
| Depreciation and amortization | 74 | 74 | 148 | 148 | ||
| Total cost of operations | 120,529 | 57,212 | 182,076 | 136,561 | ||
| Income (loss) from operations | 23,726 | (629) | 43,669 | 3,714 | ||
| OTHER INCOME (EXPENSE) | ||||||
| Interest and other income | 144 | 1 | 144 | 1 | ||
| Interest and other expense | (1,267) | (1,553) | (2,649) | (3,017) | ||
| Total other expense | (1,123) | (1,552) | (2,505) | (3,016) | ||
| Income (loss) before income taxes | 22,603 | (2,181) | 41,164 | 698 | ||
| Income tax benefit (expense) | (4,867) | 459 | (8,698) | (176) | ||
| Net income (loss) | $ 17,736 | $ (1,722) | $ 32,466 | $ 522 | ||
| Income per common share: | ||||||
| Basic (in dollars per share) | $ 1.19 | $ (0.12) | $ 2.18 | $ 0.03 | ||
| Diluted (in dollars per share) | $ 1.19 | $ (0.12) | $ 2.18 | $ 0.03 | ||
| Weighted average number of common shares outstanding: | ||||||
| Basic (in shares) | 14,921,968 | 14,921,968 | 14,921,968 | 14,921,968 | ||
| Diluted (in shares) | 14,921,968 | 14,921,968 | 14,921,968 | 14,921,968 | ||
| Refinery Operations [Member] | ||||||
| REVENUE FROM OPERATIONS | ||||||
| Total revenue from operations | $ 143,490 | $ 55,795 | $ 224,215 | $ 138,663 | ||
| Tolling and Terminaling [Member] | ||||||
| REVENUE FROM OPERATIONS | ||||||
| Total revenue from operations | $ 765 | $ 788 | $ 1,530 | $ 1,612 | ||
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