Quarterly ResultMay 18, 2026, 11:17 AM
Blue Dolphin Q1 Net Income $14.7M, EPS $0.99; Gross Profit $20.6M
AI Summary
Blue Dolphin Energy Company reported strong financial results for the first quarter of 2026. The company achieved a net income of $14.7 million, or $0.99 per share, a significant increase from $2.2 million, or $0.15 per share, in the prior year. Gross profit surged to $20.6 million, and consolidated EBITDA reached $20.7 million, driven by improved product differentials and favorable inventory impacts.
Key Highlights
- Net income rose to $14.7 million ($0.99 per share) in Q1 2026, up from $2.2 million ($0.15 per share) in Q1 2025.
- Gross profit increased significantly to $20.6 million in Q1 2026, compared to $6.1 million in Q1 2025.
- Consolidated EBITDA reached $20.7 million in Q1 2026, a substantial increase from $5.1 million in Q1 2025.
- Total revenue from operations was $81.49 million in Q1 2026, a slight decrease from $83.69 million in Q1 2025.
- Cash and cash equivalents stood at $1.4 million as of March 31, 2026, down from $2.0 million at December 31, 2025.
- Refinery Operations EBITDA was $18.59 million in Q1 2026, up from $4.92 million in Q1 2025.
- Tolling & Terminaling EBITDA was $1.22 million in Q1 2026, up from $1.18 million in Q1 2025.
Price Impact
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