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Blue Dolphin Energy vs Sable Offshore: BDCO and SOC compared
Blue Dolphin Energy is the larger company: $144M of revenue in its latest quarter (Q2 2026) against $137M for Sable Offshore (Q2 2026). Blue Dolphin Energy is more profitable, with an operating margin of 16.4% against -48.8%.
Where the money goes: BDCO and SOC
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.
Sable Offshore (SOC) · Q2 2026
Sable Offshore, Q2 2026: revenue $137M, operating margin -48.8%, net loss $64.2M, operating cash flow $9.4M. The chart follows the revenue to costs, profit and cash.
| Blue Dolphin Energy (BDCO) | Sable Offshore (SOC) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $144M | $137M |
| Revenue growth, Y/Y | +155% | — |
| Operating margin | 16.4% | -48.8% |
| Net earnings | $17.7M | −$64.2M |
| Net margin | 12.3% | -46.8% |
| Operating cash flow | $38.2M | $9.4M |
| Free cash flow | $38.1M | — |
Where the revenue comes from
Blue Dolphin Energy
- Refinery Operations: $143M (99%)
- Tolling and Terminaling: $765K (1%)
Sable Offshore
- Oil and natural gas liquids sales: $137M (100%)
- Other: $416K (0%)
Questions
Which is bigger, Blue Dolphin Energy or Sable Offshore?
Blue Dolphin Energy is the larger company: $144M of revenue in its latest quarter (Q2 2026) against $137M for Sable Offshore (Q2 2026).
Is Blue Dolphin Energy or Sable Offshore growing faster?
Blue Dolphin Energy is more profitable, with an operating margin of 16.4% against -48.8%.
More: Blue Dolphin Energy earnings · how Blue Dolphin Energy makes money · Sable Offshore earnings · how Sable Offshore 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.