Blue Dolphin Energy Company (BDCO) AI Stock Analysis

Blue Dolphin Energy Company

(Other OTC:BDCO)

Select Model

Rating:69.2Neutral

Price Target:$12.50▲(24.38% Upside)

Action:downgraded

Date:10/22/26

The score is driven primarily by improving financial performance (rebound in growth, margins, leverage, and free cash flow), supported by constructive technical trend signals and a low P/E. The key offset is the company’s historical earnings and cash-flow volatility, plus a modest governance caution highlighted by the CFO/controlling-shareholder linkage.

Positive Factors

Revenue and Profitability RecoveryThe sharp TTM recovery in revenue and profitability indicates renewed operating strength after the prior downturn. If maintained, stronger sales and positive margins can rebuild earnings capacity, support reinvestment, and improve the company’s ability to absorb normal operating pressures over the next several quarters.

Negative Factors

Earnings VolatilityThe recent rebound has not yet demonstrated consistent performance across operating cycles. The sharp movement from profitability to losses and back again makes forward earnings power less dependable, complicating planning and increasing the risk that current results weaken when industry conditions become less favorable.

Blue Dolphin Energy Company (BDCO) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $167.87M
Dividend Yield: ―
Average Volume (3M): 43.67K
Price to Earnings (P/E): 6.4
Beta (1Y): -0.99
Revenue Growth: 22.80%
EPS Growth: ―
Country: US
Employees: 112
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Refining & Marketing

Blue Dolphin Energy Company Business Overview & Revenue Model

Company Description

Blue Dolphin Energy Company specializes in the refinement and distribution of petroleum products across the United States. The firm's activities are divided into two core segments: Refinery Operations, and Tolling and Terminaling. Through its Refiner...

Blue Dolphin Energy Company Financial Statement Overview

Summary

TTM results show a meaningful rebound with strong revenue growth, restored profitability, improved leverage versus prior years, and strong free cash flow conversion. The main constraint is historical volatility, with profits and cash flows deteriorating in 2024–2025 after a strong 2022–2023 period, so consistency across cycles remains a key risk.

Income Statement

68Positive

Balance Sheet

58Neutral

Cash Flow

73Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	364.86M	279.38M	317.52M	396.05M	487.50M	300.82M
Gross Profit	47.65M	8.38M	3.89M	44.68M	46.07M	914.00K
EBITDA	41.31M	1.35M	-1.29M	39.49M	41.88M	-3.86M
Net Income	26.34M	-5.60M	-8.64M	31.01M	32.89M	-19.04M
Balance Sheet
Total Assets	130.31M	107.54M	101.90M	106.08M	83.90M	66.31M
Cash, Cash Equivalents and Short-Term Investments	30.90M	1.01M	266.00K	18.71M	630.00K	119.00K
Total Debt	38.53M	47.77M	45.92M	48.49M	49.84M	64.20M
Total Liabilities	70.49M	71.71M	68.93M	64.48M	73.32M	89.94M
Stockholders Equity	59.83M	27.36M	32.96M	41.60M	10.59M	-23.63M
Cash Flow
Free Cash Flow	41.50M	-779.00K	-15.72M	19.90M	16.17M	-6.06M
Operating Cash Flow	41.62M	-766.00K	-15.67M	20.00M	16.27M	-6.06M
Investing Cash Flow	-116.00K	-13.00K	-46.00K	-102.00K	-102.00K	0
Financing Cash Flow	-11.57M	1.74M	-1.92M	-2.71M	-14.71M	5.00M

Blue Dolphin Energy Company Technical Analysis

Technical Analysis SentimentNeutral

Last Price10.05

Price Trends

50DMA12.25Negative

100DMA8.20Positive

200DMA5.39Positive

Market Momentum

MACD-0.02Positive

RSI42.81Neutral

STOCH7.78Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDCO, the sentiment is Neutral. The current price of 10.05 is below the 20-day moving average (MA) of 13.01, below the 50-day MA of 12.25, and above the 200-day MA of 5.39, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.81 is Neutral, neither overbought nor oversold. The STOCH value of 7.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BDCO.

Blue Dolphin Energy Company Risk Analysis

Blue Dolphin Energy Company disclosed 43 risk factors in its most recent earnings report. Blue Dolphin Energy Company reported the most risks in the "Finance & Corporate" category.

Finance & Corporate17
Tech & Innovation2
Legal & Regulatory6
Production10
Ability to Sell3
Macro & Political5

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Blue Dolphin Energy Company Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

BDCO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PARR	78Outperform	$3.82B	4.40	57.75%	―	13.19%	―
BDCO	69Neutral	$167.87M	6.36	66.65%	―	22.80%	―
GLP	68Neutral	$1.61B	9.62	24.61%	6.45%	20.35%	87.03%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
APC	60Neutral	$714.50M	19.03	8.43%	5.26%	―	―
CAPL	59Neutral	$859.28M	15.85	-72.93%	9.33%	0.29%	21.69%
WKC	56Neutral	$1.91B	-12.79	-13.12%	2.30%	21.07%	62.41%

* Energy Sector Average

Performance Comparison

BDCO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
BDCO	Blue Dolphin Energy Company	11.25	9.90	733.33%
GLP	Global Partners	47.44	5.87	14.12%
WKC	World Kinect Corporation	37.34	12.31	49.18%
CAPL	Crossamerica Partners LP	22.51	3.87	20.77%
PARR	Par Pacific Holdings	76.24	35.71	88.11%
APC	ARKO Petroleum Corp. Class A	15.02	-1.84	-10.93%

Blue Dolphin Energy Company Corporate Events

Business Operations and StrategyExecutive/Board Changes

Blue Dolphin Energy Names Chris McDougall as CFO

Positive

Oct 22, 2026

On October 17, 2026, Blue Dolphin Energy Company’s board appointed William Christopher “Chris” McDougall, formerly Director of Corporate Development, as Chief Financial Officer, Treasurer, Assistant Secretary and principal financial...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 22, 2026

Blue Dolphin Energy Company AI Stock Analysis