AGM/EGMMay 11, 2026, 04:23 PM
Blue Dolphin Energy Annual Meeting June 25, 2026; Elects 5 Directors
AI Summary
Blue Dolphin Energy Company announced its Annual Meeting of Stockholders will be held on Thursday, June 25, 2026, to elect five directors, approve executive compensation on an advisory basis, and ratify UHY, LLP as the independent auditor. The company also provided financial updates, reporting a gross profit of $8.7 million and a consolidated loss before interest, income taxes, and D&A of $1.3 million for FY2025. For Q1 2025, gross profit was $6.1 million and EBITDA was $5.1 million, alongside a $7.5 million debt reduction in 2024.
Key Highlights
- Annual Meeting scheduled for June 25, 2026, at 10:00 a.m. Central Time.
- Stockholders to vote on the election of five directors.
- Advisory votes on executive compensation and its frequency (Board recommends every three years).
- Ratification of UHY, LLP as independent auditor for fiscal year 2026.
- FY2025 gross profit was $8.7 million; consolidated loss before interest, income taxes, D&A was $1.3 million.
- Q1 2025 gross profit was $6.1 million and EBITDA was $5.1 million.
- Paid down $7.5 million in term loan principal and interest during 2024.