Filing Flows › Blue Dolphin Energy (BDCO) › Q1 2025
Blue Dolphin Energy (BDCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Blue Dolphin Energy (BDCO) reported revenue of $83.7M for the first quarter 2025 (Q1 2025), -8% from a year earlier and +12% from the quarter before. Operating margin was 5.2%, net earnings $2.2M (2.7% of revenue).
Blue Dolphin Energy, Q1 2025: revenue $83.7M (-8% year over year), operating margin 5.2%, net earnings $2.2M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.7M | +12% | -8% |
| Operating profit | $4.3M | — | -56% |
| Net earnings | $2.2M | — | -66% |
| Operating cash flow | −$1.7M | -309% | — |
What changed
Revenue was $83.7M in Q1 2025, down 8% year over year and up 12% from the previous quarter. Refinery Operations was the largest line at 99% of revenue. Refinery Operations lost $7.0M year over year (down 8%), 96% of the total change.
Operating profit was $4.3M, a 5.2% margin (down 5.6 points year over year). The fastest-growing cost line was General & admin (+38%). Net earnings were $2.2M, down 66% year over year. The effective tax rate was 22.1%.
Operating cash flow was −$1.7M. Non-cash charges added back $714K of depreciation and amortization. Working capital and other items used $4.7M.
Questions
What was Blue Dolphin Energy's revenue in the first quarter 2025?
Blue Dolphin Energy (BDCO) reported revenue of $83.7M for the first quarter 2025 (Q1 2025), -8% from a year earlier and +12% from the quarter before.
Was Blue Dolphin Energy profitable in the first quarter 2025?
Operating profit was $4.3M (5.2% of revenue) and net earnings $2.2M.