Added to YB: 2026-10-15
Pitch date: 2026-10-12
BDCO [neutral]
Blue Dolphin Energy Company
+0.23%
current return
Author Info
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Company Info
Blue Dolphin Energy Company, an independent downstream energy company, engages in the refining of petroleum products in the United States.
Market Cap
$190.4M
Pitch Price
$12.88
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.44
P/E
7.23
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Index Review: Low Conviction Names (Part 1/3) - Blue Dolphin Energy Company
BDCO (monitor): Blue Dolphin is a tiny, single-asset Gulf Coast refiner whose Q2 net income jumped to $17.7M, or $1.19 per share, but the earnings appear difficult to sustain: the quarter benefited from an unusually wide crude-to-product spread and low-cost inventory sales management called unlikely to recur. Volatile refining margins, defaulted debt, related-party complexity and offshore decommissioning liabilities further weaken the case.
Read full article (1 min)