Quarterly ResultMay 15, 2026, 04:44 PM
Blue Dolphin Q1 Net Income $14.73M, EPS $0.99; Revenue Down 2.6%
AI Summary
Blue Dolphin Energy Co. reported a significant increase in net income for Q1 2026, reaching $14.73 million, up from $2.24 million in Q1 2025. Diluted EPS also surged to $0.99 from $0.15 year-over-year. Despite a slight decrease in total revenue from operations by 2.6% to $81.49 million, the company's income from operations grew substantially. The company continues to face challenges with a working capital deficit and significant debt in default, though management believes it has sufficient liquidity.
Key Highlights
- Net income for Q1 2026 increased to $14.73 million from $2.24 million in Q1 2025.
- Diluted EPS rose to $0.99 in Q1 2026, compared to $0.15 in the prior year period.
- Total revenue from operations decreased 2.6% to $81.49 million from $83.69 million.
- Refinery operations revenue was $80.73 million, down from $82.87 million in Q1 2025.
- Income from operations significantly increased to $19.94 million from $4.34 million.
- Retained earnings shifted from a $12.55 million deficit to a $2.19 million positive balance.
- Current assets increased to $68.00 million from $44.17 million at year-end 2025.
- Net cash provided by operating activities was $0.83 million, compared to $1.73 million used in Q1 2025.
Price Impact
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