Blue Dolphin Energy Co revenue by segment BDCO

Annual Quarterly

Blue Dolphin Energy Co splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Refinery Operations at $276.2 million, 99% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Jet Fuel at $98.1 million, 35% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2023 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	365	279	318	396	488	301	175	309	341	258	168
Operating segments
Refinery Operations	362 +23.2% share 99.2%	276 -11.9% share 98.9%	314 -35.1% share 98.8%	390 share 98.5%	483 share 99.1%	—	—	—	—	—	—
Tolling And Terminaling	3 -8.2% share 0.8%	3 -20.3% share 1.1%	4 -11.3% share 1.2%	6 share 1.5%	4 share 0.9%	4 -11.7% share 1.2%	4 share 2.4%	—	—	—	—
Sales mix
Jet Fuel	—	98 -13.9% share 35.1%	114 -34.3% share 35.9%	123 share 31.2%	174 share 35.6%	—	—	—	—	—	—
AGO	—	74 -10.2% share 26.5%	82 -31.9% share 25.9%	97 share 24.6%	121 share 24.8%	—	—	—	—	—	—
Naphtha	—	60 -22.3% share 21.6%	78 -22.1% share 24.5%	76 share 19.2%	100 share 20.5%	—	—	—	—	—	—
HOBM	—	44 +11.8% share 15.6%	39 -55.9% share 12.3%	93 share 23.5%	88 share 18.1%	—	—	—	—	—	—
LPG Mix	—	0 -84.9% share 0.0%	0 +160.7% share 0.1%	0 share 0.1%	0 share 0.0%	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Crude Petroleum & Natural Gas (SIC 1311)
Listed as: BDCO (OTC)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Houston, TX
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 793306

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.