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Blue Dolphin Energy vs Vaalco Energy: BDCO and EGY compared
Blue Dolphin Energy is the larger company: $144M of revenue in its latest quarter (Q2 2026) against $135M for Vaalco Energy (Q2 2026). Blue Dolphin Energy is growing faster (+155% against +40% a year earlier). Vaalco Energy is more profitable, with an operating margin of 32.3% against 16.4%.
Where the money goes: BDCO and EGY
Blue Dolphin Energy (BDCO) · Q2 2026
Blue Dolphin Energy, Q2 2026: revenue $144M (+155% year over year), operating margin 16.4%, net earnings $17.7M, operating cash flow $38.2M. The chart follows the revenue to costs, profit and cash.
Vaalco Energy (EGY) · Q2 2026
Vaalco Energy, Q2 2026: revenue $135M (+40% year over year), operating margin 32.3%, net earnings $42.4M, operating cash flow $73.7M. The chart follows the revenue to costs, profit and cash.
| Blue Dolphin Energy (BDCO) | Vaalco Energy (EGY) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $144M | $135M |
| Revenue growth, Y/Y | +155% | +40% |
| Operating margin | 16.4% | 32.3% |
| Net earnings | $17.7M | $42.4M |
| Net margin | 12.3% | 31.4% |
| Operating cash flow | $38.2M | $73.7M |
| Free cash flow | $38.1M | — |
Where the revenue comes from
Blue Dolphin Energy
- Refinery Operations: $143M (99%)
- Tolling and Terminaling: $765K (1%)
Vaalco Energy
- Gabon: $91.8M (68%)
- Egypt: $43.4M (32%)
Questions
Which is bigger, Blue Dolphin Energy or Vaalco Energy?
Blue Dolphin Energy is the larger company: $144M of revenue in its latest quarter (Q2 2026) against $135M for Vaalco Energy (Q2 2026).
Is Blue Dolphin Energy or Vaalco Energy growing faster?
Blue Dolphin Energy is growing faster (+155% against +40% a year earlier).
Which is more profitable, Blue Dolphin Energy or Vaalco Energy?
Vaalco Energy is more profitable, with an operating margin of 32.3% against 16.4%.
More: Blue Dolphin Energy earnings · how Blue Dolphin Energy makes money · Vaalco Energy earnings · how Vaalco Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.