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Vaalco Energy vs Blue Dolphin Energy: EGY and BDCO compared
Vaalco Energy is the larger company: $147M of revenue in its latest quarter (Q3 2026) against $144M for Blue Dolphin Energy (Q2 2026). Blue Dolphin Energy is growing faster (+155% against +141% a year earlier). Vaalco Energy is more profitable, with an operating margin of 30.1% against 16.4%.
Where the money goes: EGY and BDCO
Vaalco Energy (EGY) · Q3 2026
Vaalco Energy, Q3 2026: revenue $147M (+141% year over year), operating margin 30.1%, net loss $39.8M, operating cash flow $55.3M. The chart follows the revenue to costs, profit and cash.
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) | Blue Dolphin Energy (BDCO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $147M | $144M |
| Revenue growth, Y/Y | +141% | +155% |
| Operating margin | 30.1% | 16.4% |
| Net earnings | −$39.8M | $17.7M |
| Net margin | -27.1% | 12.3% |
| Operating cash flow | $55.3M | $38.2M |
| Free cash flow | — | $38.1M |
Where the revenue comes from
Vaalco Energy
- Gabon: $73.8M (50%)
- Egypt: $45.3M (31%)
- Côte d’Ivoire: $27.8M (19%)
Blue Dolphin Energy
- Refinery Operations: $143M (99%)
- Tolling and Terminaling: $765K (1%)
Questions
Which is bigger, Vaalco Energy or Blue Dolphin Energy?
Vaalco Energy is the larger company: $147M of revenue in its latest quarter (Q3 2026) against $144M for Blue Dolphin Energy (Q2 2026).
Is Vaalco Energy or Blue Dolphin Energy growing faster?
Blue Dolphin Energy is growing faster (+155% against +141% a year earlier).
Which is more profitable, Vaalco Energy or Blue Dolphin Energy?
Vaalco Energy is more profitable, with an operating margin of 30.1% against 16.4%.
More: Vaalco Energy earnings · how Vaalco Energy makes money · Blue Dolphin Energy earnings · how Blue Dolphin Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.