Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Blue Dolphin Energy Co's retained earnings for the quarter that ended in Mar. 2026 was $2.2 Mil.
Blue Dolphin Energy Co's quarterly retained earnings
declined
from Sep. 2025 ($-11.1 Mil) to Dec. 2025 ($-12.5 Mil) but then
increased
from Dec. 2025 ($-12.5 Mil) to Mar. 2026 ($2.2 Mil).
Blue Dolphin Energy Co's annual retained earnings
declined
from Dec. 2023 ($1.7 Mil) to Dec. 2024 ($-6.9 Mil) and
declined
from Dec. 2024 ($-6.9 Mil) to Dec. 2025 ($-12.5 Mil).
Blue Dolphin Energy Co (OTCPK:BDCO) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Blue Dolphin Energy Co Retained Earnings Historical Data
* Premium members only.
The historical data trend for Blue Dolphin Energy Co's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Blue Dolphin Energy Co Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Blue Dolphin Energy Co (BDCO) has a Retained Earnings of $2.2 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Blue Dolphin Energy Co and its competitors.
Is Blue Dolphin Energy Co's Retained Earnings too high?
Blue Dolphin Energy Co's current Retained Earnings is $2.2 Mil. Overall, Blue Dolphin Energy Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blue Dolphin Energy Co's Retained Earnings compare to DLXY and FGPR?
Blue Dolphin Energy Co's Retained Earnings of $2.2 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Blue Dolphin Energy Co and its competitors. Blue Dolphin Energy Co's current Retained Earnings is $2.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Dolphin Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Blue Dolphin Energy Co (BDCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.31, compared to a current price of $3.97 — trading 72% above its estimated fair value. The current Retained Earnings is $2.2 Mil. Blue Dolphin Energy Co's overall GF Score™ is 45/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Blue Dolphin Energy Co (BDCO), the current Retained Earnings is $2.2 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Blue Dolphin Energy Co (BDCO) Overvalued in 2026?
Based on GuruFocus' analysis, Blue Dolphin Energy Co stock appears to be overvalued.
The current stock price of $3.97 is trading 72% above its estimated GF Value™ of $2.31.
GuruFocus considers Blue Dolphin Energy Co to be Significantly Overvalued.
Key valuation signals for BDCO:
Retained Earnings: $2.2 Mil
GF Value™: $2.31 vs. price of $3.97 (72% above fair value)
No single metric tells the full story. See the BDCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blue Dolphin Energy Co is an independent downstream energy company operating in the Gulf Coast region of the U.S. Operations consist of a light sweet-crude, bpd crude distillation tower, and petroleum storage tank capacity in Nixon, Texas. It operates in two segments Refinery operations, which derives revenue from refined product sales, and Tolling and Terminaling, which derives revenue from storage tank rental fees, ancillary services fees (such as for in-tank blending) and tolling and reservation fees for use of the naphtha stabilizer at the Nixon refinery. Majority of the revenue is derived form Refinery operations segment.
45GF Score
Get the complete analysis for BDCO
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BDCO has been successfully added to your 
