Blue Dolphin Energy Co
Blue Dolphin Energy Company, an independent downstream energy company, engages in the refining and marketing of petroleum products in the United States. It operates through two segments, Refinery Operations, and Tolling and Terminaling. The company offers finished products, including jet fuel, as well as various intermediate products, including naphtha, heavy oil mud blendstock, and atmospheric g… Read more
Blue Dolphin Energy Co (BDCO) - Net Assets
Latest net assets as of September 2025: $28.81 Million USD
Based on the latest financial reports, Blue Dolphin Energy Co (BDCO) has net assets worth $28.81 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($105.12 Million) and total liabilities ($76.31 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $28.81 Million |
| % of Total Assets | 27.41% |
| Annual Growth Rate | 5.87% |
| 5-Year Change | N/A |
| 10-Year Change | 1.77% |
| Growth Volatility | 189.09 |
Blue Dolphin Energy Co - Net Assets Trend (2012–2024)
This chart illustrates how Blue Dolphin Energy Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blue Dolphin Energy Co (2012–2024)
The table below shows the annual net assets of Blue Dolphin Energy Co from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $32.96 Million | -20.76% |
| 2023-12-31 | $41.60 Million | +292.89% |
| 2022-12-31 | $10.59 Million | +144.81% |
| 2021-12-31 | $-23.63 Million | -119.05% |
| 2020-12-31 | $-10.79 Million | -409.41% |
| 2019-12-31 | $3.49 Million | +166.69% |
| 2018-12-31 | $-5.23 Million | -10.41% |
| 2017-12-31 | $-4.73 Million | -128.34% |
| 2016-12-31 | $16.70 Million | -48.43% |
| 2015-12-31 | $32.39 Million | +15.82% |
| 2014-12-31 | $27.97 Million | +130.87% |
| 2013-12-31 | $12.11 Million | -27.12% |
| 2012-12-31 | $16.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Dolphin Energy Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 694400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $39.91 Million | 121.07% |
| Total Equity | $32.96 Million | 100.00% |
Blue Dolphin Energy Co Competitors by Market Cap
The table below lists competitors of Blue Dolphin Energy Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TRIBOO S.P.A.
F:0T6
|
$3.39 Million |
|
PATRYS Ltd
AU:PAB
|
$3.40 Million |
|
KYM Holdings Bhd
KLSE:8362
|
$3.40 Million |
|
Energy Development Company Limited
NSE:ENERGYDEV
|
$3.40 Million |
|
ENVERIC BIOSCI.INC.DL-01
F:SLZA
|
$3.39 Million |
|
Realfiction Holding AB
ST:REALFI
|
$3.39 Million |
|
Ecolomondo Corporation
OTCQB:ECLMF
|
$3.39 Million |
|
Dominion Minerals Ltd
AU:DLM
|
$3.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Dolphin Energy Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 41,599,000 to 32,963,000, a change of -8,636,000 (-20.8%).
- Net loss of 8,636,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.64 Million | -26.2% |
| Total Change | $- | -20.76% |
Book Value vs Market Value Analysis
This analysis compares Blue Dolphin Energy Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $2.00 | x |
| 2016-12-31 | $0.00 | $2.00 | x |
| 2017-12-31 | $-0.43 | $2.00 | x |
| 2018-12-31 | $-0.48 | $2.00 | x |
| 2019-12-31 | $0.28 | $2.00 | x |
| 2020-12-31 | $-0.85 | $2.00 | x |
| 2021-12-31 | $-1.86 | $2.00 | x |
| 2022-12-31 | $0.71 | $2.00 | x |
| 2023-12-31 | $2.79 | $2.00 | x |
| 2024-12-31 | $2.21 | $2.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Dolphin Energy Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.72%
- • Asset Turnover: 3.12x
- • Equity Multiplier: 3.09x
- Recent ROE (-26.20%) is below the historical average (49.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 56.35% | 4.07% | 6.42x | 2.16x | $12.96 Million |
| 2015 | 13.59% | 1.99% | 2.49x | 2.75x | $1.16 Million |
| 2016 | -94.40% | -9.39% | 2.23x | 4.51x | $-17.44 Million |
| 2017 | 0.00% | -8.64% | 3.52x | 0.00x | $-21.85 Million |
| 2018 | 0.00% | -0.15% | 4.82x | 0.00x | $-300.00 |
| 2019 | 211.16% | 2.38% | 4.33x | 20.49x | $7.01 Million |
| 2020 | 0.00% | -8.27% | 2.52x | 0.00x | $-13.38 Million |
| 2021 | 0.00% | -4.27% | 4.54x | 0.00x | $-10.48 Million |
| 2022 | 310.65% | 6.75% | 5.81x | 7.92x | $31.83 Million |
| 2023 | 74.55% | 7.83% | 3.73x | 2.55x | $26.85 Million |
| 2024 | -26.20% | -2.72% | 3.12x | 3.09x | $-11.93 Million |
Industry Comparison
This section compares Blue Dolphin Energy Co's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,118,604,309
- Average return on equity (ROE) among peers: -10.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Dolphin Energy Co (BDCO) | $28.81 Million | 56.35% | 2.65x | $3.39 Million |
| Adams Resources & Energy Inc (AE) | $81.76 Million | -6.81% | 1.58x | $82.94 Million |
| Blue Earth Resources Inc (BERI) | $681.30K | -5.13% | 0.08x | $494.55 |
| Crossamerica Partners LP (CAPL) | $94.67 Million | 19.09% | 3.14x | $395.42 Million |
| China HK Power Smart Energy Group Limited (CHNTF) | $94.09 Million | -177.69% | 13.22x | $21.56 Million |
| Clean Energy Fuels Corp (CLNE) | $230.93 Million | -3.85% | 0.08x | $375.92 Million |
| CVR Energy Inc (CVI) | $791.00 Million | 58.53% | 4.21x | $874.31 Million |
| DCC plc (DCCPF) | $2.43 Billion | 10.79% | 1.91x | $6.39 Billion |
| HF Sinclair Corp (DINO) | $5.81 Billion | 12.74% | 0.44x | $9.96 Billion |
| Delek US Energy Inc (DK) | $531.00 Million | 0.13% | 1.30x | $2.44 Billion |