Past year: ▲ 895%(1.17 – 13.30 USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Aug 2025debt financing● NeutralMajor
Blue Dolphin's board raised the borrowing limit on its revolving credit line from controlling shareholder Lazarus Energy Holdings from $10 million to $15 million, after fully repaying its prior LEH debt in 2023 and standing up this facility at $5 million in 2024, then $10 million in early 2025.
5 Nov 2024debt financing● Neutral
Blue Dolphin's services subsidiary signed a 24-month extension of its Houston office lease, with rent temporarily reduced before returning to its prior rate.
5 Jan 2024material agreement▲ GoodMajor
Lazarus Energy signed a new short-term, auto-renewing crude oil supply agreement with MV Purchasing for up to 100% of the Nixon refinery's capacity, replacing the terminated Tartan arrangement, along with a parallel storage agreement.
4 Jan 2024material agreement● Neutral
Blue Dolphin's Lazarus entities and Veritex Community Bank signed a second amended forbearance agreement on the 2015 refinery loans, continuing to forestall enforcement of existing defaults.
8 Nov 2023material agreement termination▼ BadMajor
Tartan Oil, which had taken over Pilot's crude-supply and Nixon storage contracts in 2020, gave notice it would end both agreements effective December 31, 2023, with no termination penalties.
3 Nov 2023material agreement● Neutral
Blue Dolphin's Lazarus entities and Veritex Community Bank amended their forbearance agreement on the 2015 refinery loans, extending it from September 30 to December 29, 2023.
15 May 2023material agreement▼ BadMajor
Blue Dolphin's pipeline subsidiary similarly restructured an $8.3 million note held by controlling shareholder Lazarus Energy Holdings, agreeing to interest-only payments through April 2025 then principal payments through April 2027 as LEH forbore on existing defaults.
4 May 2023material agreement▼ BadMajor
Lazarus Energy renegotiated a $11.2 million legacy 2006 promissory note held by John H. Kissick, agreeing to pay $500,000 monthly through February 2025 plus a final payment, in exchange for the holder forbearing on existing defaults.
6 Apr 2023material agreement● NeutralMajor
Blue Dolphin's Nixon Product Storage subsidiary and former customer Pilot Travel Centers settled their dispute over roughly 185,000 barrels of jet fuel Pilot left behind after terminating its storage contract and suing in Texas court.
25 Nov 2022material agreement▼ BadMajor
Blue Dolphin's Lazarus entities struck a forbearance deal with lender Veritex Community Bank, successor on the 2015 refinery loans, agreeing to immediately pay $5.4 million in past-due principal and interest plus fund a $1 million reserve in exchange for forbearance through September 2023.
21 Jan 2022listing compliance notice▼ Bad
Blue Dolphin told OTC Markets it could not hold its 2021 annual meeting on time; OTC gave it until the end of 2022 to comply or be moved down to the Pink market.
7 Oct 2021debt financing▲ GoodMajor
Blue Dolphin's Nixon Product Storage subsidiary took out a new $10.0 million, 10-year term loan from Greater Nevada Credit Union, secured by the Nixon facility's land, to fund working capital.
17 May 2021debt financing● Neutral
Blue Dolphin took out a $500,000 SBA Economic Injury Disaster Loan for COVID-19 relief, guaranteed by CEO Jonathan Carroll and Lazarus Energy Holdings.
26 Mar 2021contract award▲ GoodMajor
Blue Dolphin's operator, Lazarus Energy Holdings, won a one-year Defense Logistics Agency contract for up to 56.5 million gallons of jet fuel to be produced at the Nixon refinery, and Blue Dolphin announced a pivot toward renewable/low-carbon energy through new affiliate Lazarus Energy Alternative Fuels.
8 May 2020debt default or forbearance▼ BadMajor
Blue Dolphin's Nixon Product Storage subsidiary failed to repay its $13.0 million Pilot Travel Centers line of credit when it matured on 3 May 2020; Pilot declared default, raised the rate to 14%, accelerated the loan and demanded $11,054,017 immediately. Blue Dolphin, which guaranteed the facility, said it was seeking a settlement with Pilot and a refinancing elsewhere.
13 Sept 2019debt financing● Neutral
Blue Dolphin's Nixon Product Storage subsidiary amended its line of credit from Pilot Travel Centers, used to finance crude purchases, raising the limit to $13.0 million with scheduled principal paydowns.
21 Mar 2019material agreement● NeutralMajor
The GEL settlement's payment deadline was pushed to May 1, 2019 under a fourth amendment as Lazarus continued working to secure financing for the $10 million settlement payment.
21 Dec 2018material agreement● NeutralMajor
Under a third amendment to the GEL settlement, Lazarus's parties adjusted the financing milestones needed to fund the $10 million settlement payment, due by year-end 2018 or the settlement would lapse.
25 July 2018debt financing▲ GoodMajor
Lazarus and GEL Tex signed a formal settlement resolving the arbitration: GEL agreed to release all claims, cutting Lazarus's exposure from the $31.3 million award to a $10 million cash payment (on top of the $3.65 million already advanced during the standstill).
29 June 2018material agreement● Neutral
Lazarus and GEL extended the settlement window to July 31, 2018, with another $500,000 payment, bringing the total paid to $2.5 million.
30 May 2018material agreement● Neutral
Lazarus and GEL extended the settlement window to June 29, 2018, with another $500,000 payment, bringing the total paid to $2.0 million.
27 Apr 2018material agreement● Neutral
Lazarus and GEL extended the settlement window to May 31, 2018, with another $500,000 payment, bringing the total paid toward the award to $1.5 million.
27 Mar 2018material agreement● Neutral
Lazarus and GEL extended the settlement window to April 30, 2018, with another $500,000 paid toward the award, bringing the total paid down to $1.0 million.
1 Mar 2018material agreement● Neutral
Lazarus and GEL extended the settlement window to March 30, 2018, without a new payment.
1 Feb 2018material agreement● NeutralMajor
Lazarus and GEL extended the settlement window to February 28, 2018, with Lazarus making its first paydown, $500,000, against the arbitration award.
29 Dec 2017material agreement● Neutral
Lazarus and GEL again extended the settlement window on the $31.3 million award to February 1, 2018, while continuing to suspend Blue Dolphin's guaranty-fee payments to CEO Jonathan Carroll.
1 Dec 2017material agreement● Neutral
Lazarus and GEL further extended the settlement-talk window on the arbitration award to December 31, 2017.
7 Nov 2017material agreement▼ Bad
Lazarus and GEL extended their settlement-talk window on the $31.3 million arbitration award to November 28, 2017, with Blue Dolphin barred from prepaying other debt meanwhile.
29 Sept 2017material agreement▼ BadMajor
An arbitrator ruled against Lazarus Energy in its dispute with former crude supplier GEL Tex Marketing, awarding GEL about $31.3 million in damages and fees; the two sides agreed to delay court confirmation of the award to pursue settlement talks.
1 May 2017material agreement termination▼ BadMajor
Lazarus Energy terminated its 2011 crude-supply and marketing agreements with GEL Tex Marketing after accusing GEL of breaching its delivery obligations; Blue Dolphin had already stopped buying from GEL in November 2016 amid the dispute.
