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Last $5.10 USD
Change Today +0.15 / 3.03%
Volume 1.1K
BDCO On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

blue dolphin energy co (BDCO) Snapshot

Open
$5.34
Previous Close
$4.95
Day High
$5.34
Day Low
$5.10
52 Week High
08/8/14 - $9.90
52 Week Low
10/15/14 - $3.51
Market Cap
53.3M
Average Volume 10 Days
2.3K
EPS TTM
$1.26
Shares Outstanding
10.4M
EX-Date
--
P/E TM
4.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for BLUE DOLPHIN ENERGY CO (BDCO)

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blue dolphin energy co (BDCO) Details

Blue Dolphin Energy Company operates as an independent refiner and marketer of petroleum products in the United States. The company refines crude oil and condensate into marketable finished and intermediate products, such as diesel, jet fuel, naphtha, liquefied petroleum gas, atmospheric gas oil, and oil-based mud blendstock; and conducts petroleum storage and terminaling operations under third party lease agreements at the Nixon facility. It is also provides pipeline transportation services, such as gathering and transportation of oil and natural gas for producers/shippers operating offshore in the Gulf of Mexico. In addition, the company is involved in the oil and gas exploration and production. Blue Dolphin Energy Company holds leasehold interests in the High Island Block 115; Galveston Area Block 321; and High Island Block 37. The company was founded in 1986 and is headquartered in Houston, Texas. Blue Dolphin Energy Company is a subsidiary of Lazarus Energy Holdings, LLC.

blue dolphin energy co (BDCO) Top Compensated Officers

Founder, Chairman of The Board, Chief Executi...
Total Annual Compensation: --
Interim Chief Financial Officer, Treasurer an...
Total Annual Compensation: $100.0K
Compensation as of Fiscal Year 2014.

blue dolphin energy co (BDCO) Key Developments

Blue Dolphin Energy Company Announces the Earnings Results for the First Quarter Ended March 31, 2015; Provides Operational Update of Nixon Facility for the First Quarter Ended March 31, 2015

Blue Dolphin Energy Company announced the earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue from operations of $61,392,349 against $120,712,698 last year. Income from operations was $5,833,050 against $6,496,276 last year. Income before income taxes was $5,690,982 against $6,396,696 last year. Net income was $5,833,050 or $0.35 per basic and diluted share against $6,496,276 or $0.59 per basic and diluted share last year. Net cash provided by operating activities was $2,577,994 against $5,199,338 last year.  The decrease in total cash flow from operations was primarily due to payments of $1.8 million and $1.0 million in JMA Profit Share and accounts payable, related party. Capital expenditures were $1,291,915 against $59,178 last year. Adjusted EBITDA was $8,733,419 against $8,733,419 last year. EBITDA was $6,294,782 against $7,011,881 last year. The company also provided operational update of Nixon Facility for the first quarter ended March 31, 2015. For the quarter, the Nixon Facility processed 1,062,388 barrels or 11,804 barrels per day of crude oil and condensate in the first quarter 2015 compared to 1,092,007 bbls, or 12,133 bpd, of crude oil and condensate for first quarter 2014.  The Nixon Facility produced 1,044,210 bbls, or 11,602 bpd, of refined petroleum products in the first quarter 2015 compared to 1,073,638 bbls, or 11,929 bpd, of refined petroleum products in the same period a year earlier. Total refined petroleum product sales were 1,026,884 bbls against 1,076,764 bbls last year. Total refinery throughput and total refinery production remained relatively stable between the periods. The capacity utilization rate for refinery throughput for the first quarter 2015 was 78.7% compared to 80.9% for the first quarter 2014, reflecting a nominal decrease of approximately 2%.  The capacity utilization rate for refinery production for the same periods was 77.3% and 79.5%, respectively, reflecting a nominal decrease of approximately 2%.  The decrease in capacity utilization rates for refinery throughput and refinery production related to slight decreases in throughput and production volumes. Fuel and losses at the Nixon Facility were 18,178 bbls, or 202 bpd, compared to 18,369, or 204 bpd, for comparable periods. The nominal decrease in fuel and losses of 191 bbls, or 2 bpd, was the result of operational efficiency improvements.

Blue Dolphin Energy Company Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Blue Dolphin Energy Company announced consolidated earnings results for the year ended December 31, 2014. For the full year 2014, the company reported an increase in net income of $19.6 million to $15.8 million, or $1.51 per share, from a net loss of $3.8 million, or a loss of $0.36 per share, for the full year 2013.  The significant increase in net income in 2014 was primarily attributable to favorable refining margins, improved product mix, and recognition of a net deferred tax asset of $5.7 million. The net deferred tax asset was primarily related to net operating losses generated before and after Blue Dolphin’s reverse acquisition of Lazarus Energy, LLC in 2012, the primary asset of which is the Nixon Facility. Total earnings before interest, income taxes and depreciation (EBITDA) increased $13.9 million to $12.6 million for the full year 2014 from a negative EBITDA of $1.3 million for the same 2013 period.  Refinery operations EBITDA increased $13.2 million to $13.8 million for the full year 2014 from an EBITDA of $0.6 million for the full year 2013 due to improved refining margins. Total cash flow from operations totaled $7.2 million compared to $1.0 million for the full year 2013, representing an increase of $6.2 million.  Total revenue from operations was $387,524,974 compared with $409,543,069 for the same period a year ago. Income from operations was $9,619,530 compared with loss from operations of $3,775,990 for the same period a year ago. Income before income taxes was $10,171,178 compared with loss before income taxes of $3,717,874 for the same period a year ago. Capital expenditures were $1,720,156 compared with $1,477,729 for the same period a year ago.

Blue Dolphin Energy Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Blue Dolphin Energy Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue from operations of $87,903,657 compared to $106,620,393 a year ago. Income from operations was $772,724 compared to loss from operations of $2,133,380 a year ago. Income before income taxes was $838,246 compared to loss before income taxes of $2,080,737 a year ago. Net income was $816,047 or $0.08 per basic and diluted share compared to net loss of $2,080,737 or $0.20 per basic and diluted share a year ago. EBITDA was $1,444,711 compared to LBITDA of $1,517,875 a year ago. Capital expenditures were $815,849 compared to $356,889 a year ago. The nearly 18% decrease in total revenue from operations was primarily the result of Blue Dolphin's crude oil and condensate processing facility (the Nixon Facility) operating 12 fewer days and having lower refined product sales in the Third Quarter 2014 compared to the Third Quarter 2013. For the nine months, the company reported total revenue from operations of $311,117,774 compared to $320,254,921 a year ago. Income from operations was $8,326,362 compared to loss from operations of $8,000,463 a year ago. Income before income taxes was $8,747,669 compared to loss before income taxes of $7,951,078 a year ago. Net income was $8,448,877 or $0.81 per basic and diluted share compared to net loss of $7,951,078 or $0.76 per basic and diluted share a year ago. Net cash provided by operating activities was $6,212,791 compared to net cash used in operating activities of $4,560,547 a year ago. Capital expenditures were $1,145,720 compared to $1,244,859 a year ago. EBITDA was $10,553,487 compared to LBITDA of $6,167,744 a year ago. Capital expenditures were $1,145,720 compared to $1,244,859 a year ago. The $16,399,955 improvement in net income in the Nine Months 2014 was primarily attributable to favorable refining margins and the introduction of jet fuel into the product mix. The nearly 3% decrease in total revenue from operations was primarily the result of decreased total refinery throughput at the Nixon Facility in the Nine Months 2014 compared to the Nine Months 2013.

 

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BDCO

Industry Average

Valuation BDCO Industry Range
Price/Earnings 3.9x
Price/Sales 0.2x
Price/Book 1.6x
Price/Cash Flow 3.5x
TEV/Sales 0.1x
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