Blue Dolphin Energy Co
blue-dolphin-energy.comWhat Do They Do?
Refines crude oil into jet fuel and other petroleum products for distributors, wholesalers, and refineries. Also provides petroleum storage and terminal services.
10-K for FY2025, filed Mar 31, 2026Products and Markets. Our market is the Gulf Coast region of the U.S., which is represented by the EIA as PADD 3. We sell our products…View ↗
Customers. Customers for our refined products include distributors, wholesalers, and refineries primarily in the lower portion of the Texas…View ↗
Products and Customers. The Nixon facility’s petroleum storage tanks and infrastructure are primarily suited for crude oil and condensate…View ↗
How Do They Make Money?
Refinery customers generally prepay for fixed or minimum quantities of petroleum products, which they receive when they lift them or place them in stored inventory. Storage customers pay tank fees over time; tolling customers pay by throughput volume and a fixed monthly reservation fee.
10-K for FY2025, filed Mar 31, 2026Customers. Customers for our refined products include distributors, wholesalers, and refineries primarily in the lower portion of the Texas…View ↗
Refinery Operations Revenue. We recognize revenue from refined products sales when we meet our performance obligation to the customer. We…View ↗
Tolling and Terminaling Revenue. Tolling and terminaling revenue represents fees under (i) terminal services agreements whereby a customer…View ↗
$279.4M
-
10-K for FY2025, filed Mar 31, 2026
$279.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Refinery Operations
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
99%
FY2022: 99%
|
Refinery Operations, FY2025
$276.2M Sources
|
Sold outright |
|
Tolling and Terminaling
|
2.1%
FY2022: 0.9%
|
Tolling and Terminaling, FY2025
$6M Sources
|
|
|
Consolidated Value
|
100% |
Consolidated Value, FY2025
$279.4M Sources
|
Who Are Their Customers?
Distributors, wholesalers, and refineries buy refined products; storage customers use the Nixon facility. LEH buys most jet fuel and sells it to the DLA, while most refined-product contracts require prepayment for fixed or minimum quantities.
10-K for FY2025, filed Mar 31, 2026Customers. Customers for our refined products include distributors, wholesalers, and refineries primarily in the lower portion of the Texas…View ↗
Products and Customers. The Nixon facility’s petroleum storage tanks and infrastructure are primarily suited for crude oil and condensate…View ↗
One of our significant customers is LEH, an Affiliate. LEH purchases most of our jet fuel under the Amended and Restated Jet Fuel Sales…View ↗
10-K for FY2025, filed Mar 31, 2026
One of our significant customers is LEH, an Affiliate. LEH purchases most of our jet fuel under the Amended and Restated Jet Fuel Sales…View ↗
Do Revenues Turn Into Profits?
No. It lost $5.6M in FY2025.
10-K for FY2025, filed Mar 31, 2026
−$1.5MView ↗
10-K for FY2025, filed Mar 31, 2026
−$5.6MView ↗
10-K for FY2025, filed Mar 31, 2026
−$779KView ↗
How Are They Changing?
Flat. Revenue was $279.4M in FY2025, about the same as the $300.8M of FY2021.
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