Blue Dolphin Energy Co (BDCO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
801 TRAVIS SUITE 2100 HOUSTON, TX 77002-5729 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,713 | 11,471 | 562 | 12,533 | 1,500 | 6,300 | |||
| Cash and cash equivalents | 18,713 | 11,471 | 562 | 12,533 | 1,500 | 6,300 | |||
| Receivables | 223 | 29 | 12,279 | 1,148 | 87 | ||||
| Inventory, net of allowances, customer advances and progress billings | 24,576 | 27,359 | 31,090 | 8,640 | 19,844 | 19,596 | |||
| Inventory | 24,576 | 27,359 | 31,090 | 8,640 | 19,844 | 19,596 | |||
| Prepaid expense | 1,398 | 2,871 | 4,957 | 5,876 | |||||
| Deposits current assets | 110 | 110 | 110 | 110 | 110 | 110 | |||
| Other undisclosed current assets | 4,493 | 2,963 | 1,529 | 2,486 | 5,196 | ||||
| Total current assets: | 49,290 | 44,997 | 38,277 | 39,438 | 25,088 | 31,289 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 158 | 215 | 267 | 101 | 149 | 197 | |||
| Property, plant and equipment | 54,958 | 55,601 | 56,246 | 56,790 | 57,436 | 58,084 | |||
| Restricted cash and investments | 5 | 1,000 | 1,000 | 1,000 | 1,001 | ||||
| Deferred income tax assets | 1,436 | ||||||||
| Other undisclosed noncurrent assets | 230 | 230 | 230 | 230 | 230 | 230 | |||
| Total noncurrent assets: | 56,787 | 57,046 | 57,743 | 58,121 | 58,816 | 58,511 | |||
| TOTAL ASSETS: | 106,077 | 102,043 | 96,020 | 97,559 | 83,904 | 89,800 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 906 | 7,632 | 7,625 | 6,301 | 8,275 | 20,193 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9,457 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 224 | ||
| Accounts payable | 1,164 | 1,087 | 1,279 | 2,161 | 1,569 | ||||
| Accrued liabilities | 906 | 6,468 | 6,538 | 5,022 | 6,114 | 8,943 | |||
| Debt | 39,400 | 38,369 | 37,182 | 36,674 | 42,155 | 43,105 | |||
| Asset retirement obligation | 4,504 | 4,074 | 3,769 | 3,745 | 3,710 | ||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 255 | 155 | 155 | ||
| Other undisclosed current liabilities | 10,615 | 5,247 | 6,210 | 6,247 | 16,039 | 22,245 | |||
| Total current liabilities: | 55,425 | 55,322 | 54,786 | 53,222 | 70,334 | 85,698 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,211 | 6,652 | 7,296 | 2,322 | 2,326 | ||||
| Long-term debt, excluding current maturities | 5,211 | 6,652 | 7,296 | 2,322 | 2,326 | ||||
| Liabilities, other than long-term debt | 38 | 4,000 | |||||||
| Deferred income tax liabilities | |||||||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 4,000 | ||||
| Operating lease, liability | 38 | ||||||||
| Other undisclosed noncurrent liabilities | 9,053 | 8,664 | 8,763 | 5,585 | 660 | 773 | |||
| Total noncurrent liabilities: | 9,053 | 13,875 | 15,453 | 16,881 | 2,982 | 3,099 | |||
| Total liabilities: | 64,478 | 69,197 | 70,239 | 70,103 | 73,316 | 88,797 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 41,599 | 32,846 | 25,781 | 27,341 | 10,588 | 1,003 | |||
| Common stock | 149 | 149 | 149 | 149 | 149 | ||||
| Additional paid in capital | 39,758 | 39,758 | 39,758 | 39,758 | 39,758 | 39,728 | |||
| Retained earnings (accumulated deficit) | 1,692 | (7,061) | (14,126) | (12,566) | (29,319) | (38,874) | |||
| Other undisclosed equity, attributable to parent | 149 | ||||||||
| Other undisclosed equity | 115 | ||||||||
| Total equity: | 41,599 | 32,846 | 25,781 | 27,456 | 10,588 | 1,003 | |||
| TOTAL LIABILITIES AND EQUITY: | 106,077 | 102,043 | 96,020 | 97,559 | 83,904 | 89,800 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 107,955 | 102,554 | 68,878 | 116,661 | 112,430 | 128,269 | ||
| Cost of revenue | (96,837) | (91,388) | (66,988) | (96,157) | (99,813) | (118,234) | ||
| Cost of goods and services sold | (91,388) | (66,988) | (96,157) | (99,813) | (118,234) | |||
| Gross profit: | 11,118 | 11,166 | 1,890 | 20,504 | 12,617 | 10,035 | ||
| Operating expenses | (2,092) | (2,219) | (1,804) | (2,175) | (1,279) | (1,788) | ||
| Other undisclosed operating loss | (806) | |||||||
| Operating income: | 9,026 | 8,947 | 86 | 18,329 | 10,532 | 8,247 | ||
| Nonoperating expense | (1,370) | (1,543) | (1,619) | (1,330) | (1,730) | |||
| Other nonoperating expense | (1,543) | (1,619) | (1,330) | (1,730) | ||||
| Interest and debt expense | (1,529) | (1,573) | (1,669) | (1,332) | (62) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 4,928 | 62 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 6,127 | 5,831 | (3,202) | 15,667 | 15,460 | 6,517 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,529 | 1,573 | 1,669 | 1,332 | (5,822) | |||
| Income (loss) from continuing operations before income taxes: | 7,656 | 7,404 | (1,533) | 16,999 | 9,638 | 6,517 | ||
| Income tax expense (benefit) | 127 | (339) | 27 | (246) | (531) | 68 | ||
| Income (loss) from continuing operations: | 7,783 | 7,065 | (1,506) | 16,753 | 9,107 | 6,585 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,585 | |
| Other undisclosed net income (loss) | 448 | (136) | ||||||
| Net income (loss): | 7,783 | 7,065 | (1,506) | 16,753 | 9,555 | 6,449 | ||
| Other undisclosed net income (loss) attributable to parent | 970 | (54) | ||||||
| Net income (loss) available to common stockholders, diluted: | 8,753 | 7,065 | (1,560) | 16,753 | 9,555 | 6,449 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,783 | 7,065 | (1,506) | 16,753 | 9,555 | 6,449 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 7,783 | 7,065 | (1,506) | 16,753 | 9,555 | 6,449 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.