Filing Flows › Blue Dolphin Energy (BDCO) › Q4 2024
Blue Dolphin Energy (BDCO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 1, 2025
Blue Dolphin Energy (BDCO) reported revenue of $74.7M for the fourth quarter 2024 (Q4 2024), -31% from a year earlier and -9% from the quarter before. Operating margin was -3.6%, net loss $3.9M (5.2% of revenue).
Blue Dolphin Energy, Q4 2024: revenue $74.7M (-31% year over year), operating margin -3.6%, net loss $3.9M, operating cash flow $826K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.7M | -9% | -31% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | $826K | — | -88% |
| Free cash flow | $780K | — | -88% |
What changed
Revenue was $74.7M in Q4 2024, down 31% year over year and down 9% from the previous quarter. Refinery Operations was the largest line at 99% of revenue.
Operating costs exceeded revenue by $2.7M, an operating margin of -3.6%. The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $5.0M loss.
Operating cash flow was $826K (down 88% year over year). Non-cash charges added back $692K of depreciation and amortization. Working capital and other items added $4.0M. Capital expenditures of $46K left free cash flow of $780K.
Questions
What was Blue Dolphin Energy's revenue in the fourth quarter 2024?
Blue Dolphin Energy (BDCO) reported revenue of $74.7M for the fourth quarter 2024 (Q4 2024), -31% from a year earlier and -9% from the quarter before.
Was Blue Dolphin Energy profitable in the fourth quarter 2024?
Operating loss was $2.7M (-3.6% of revenue) and net loss $3.9M.