If Tulsa King has taught us anything, it’s that peace in Dwight Manfredi’s world never lasts. Episode 4 ended with the bourbon reclaimed, the crew closer than ever, and Dwight standing taller yet that hard-won victory feels like the hush that comes right before another storm rolls in with Episode 5 around the corner, the board is reset, new pieces are in play, and not everyone smiling beside Dwight can be trusted.
After the Bourbon Heist: What Comes Next
Episode 4 closed on a rare moment of triumph. The Monte 50 bourbon, the $150-million lifeline of Dwight’s empire, was rescued from Dunmier’s hands after a nail-biting showdown at the rail yard. The crew celebrated like a family that had survived war, but Tulsa King never lets us bask in happy endings for long. The question hanging over Episode 5 is simple: what price will they pay for getting the bourbon back?
Dunmier might have lost the barrels, but he’s not the kind of man to take humiliation quietly. Expect Episode 5 to open with fallout. Retaliation feels inevitable, whether through violence, legal threats, or something more strategic. Dunmier’s resources run deep, and his pride was publicly wounded. Dwight might think he’s won, but it’s likely only the opening round of a much bigger fight.
Quiet Ray’s Shadow
The mysterious final scene, Quiet Ray reaching out to Bevel Aqua, could be the seed of the next big twist. Longtime fans know Tulsa King loves reawakening old alliances, and Ray’s sudden re-entry feels deliberate. Is he coming back as an ally, an informant, or something far murkier? His calm, measured presence could easily mask motives that collide with Dwight’s.
Episode 5 might dive deeper into Ray’s history with Dwight, perhaps flashing back to Detroit days that shaped both men. If Ray extends a hand, he might also carry a dagger behind his back. The smart money says Episode 5 will tease that duality, friendship draped in threat.
Where Is Armand?
One lingering mystery from Episode 4 remains unsolved - Armand’s disappearance. His absence has stirred paranoia across every corner of Dwight’s world. Theories are already flying among fans some think he’s hiding after being double-crossed, others suspect he’s been quietly working with the feds.
Episode 5 could finally answer that. Picture a cold-open flash of Armand trapped somewhere, or worse, voluntarily working undercover. If he has flipped, it adds federal pressure to Dwight’s already fragile empire. But there’s another possibility: Armand might return as the season’s wild card, secretly playing both sides to protect Dwight while keeping his own safety intact.
Tyson’s Redemption Road
Tyson took major emotional steps last episode, mending fences with his father and facing down his past with Serenity. Episode 5 feels like his true turning point. Expect to see Tyson trying to prove his worth to Dwight, not just as muscle but as someone who can make critical decisions.
If Serenity remains in play, their dynamic could drive part of Episode 5’s tension. There’s unresolved business between them, both romantic and moral. She may have betrayed him, but Tulsa King rarely writes clean breaks. Maybe Serenity has information about Dunmier’s next move or, worse, a secret that could shatter Dwight’s newfound calm.
Margaret and the Politics of Power
While the street war heats up, the boardroom drama simmers just as intensely. Margaret made her motives crystal clear. her alliance with Cal Thresher’s campaign isn’t about love, it’s about leverage. In Episode 5, she could find herself at odds with both Dwight and Cal, using political influence as her personal weapon.
It’s easy to imagine Margaret playing puppet master, pulling strings on both sides. She’s clever enough to sense when tides shift, and she’s not above switching allegiances if it protects her wealth. With Dwight edging closer to legitimate business ventures, her next move could either solidify his empire or pull the rug out from under him.
The Digital Wildcard
Let’s not forget Bodie’s digital creation - Jasper, the AI bourbon influencer who took social media by storm. In Episode 4, the scheme felt brilliant. In Episode 5, it could become a ticking time bomb. If Jasper’s growing popularity draws attention from competitors, journalists, or even the feds, Dwight’s crew might find themselves in a PR nightmare.
There’s poetic irony in the idea that a fake influencer might cause more real-world trouble than any gangster ever could. If Tulsa King leans into the satire, Episode 5 could explore how technology turns lies into legends and how those legends can burn down everything you built.
Dwight’s Moral Crossroads
Dwight’s character is moving toward a reckoning. He’s rebuilt his family, reclaimed his bourbon, and reasserted control but at what cost? His line between business and humanity has blurred again, and Episode 5 will likely confront him with another impossible choice: protect his people or protect his soul.
Perhaps Muso re-enters with an ultimatum, forcing Dwight to choose loyalty over peace. Maybe Dunmier strikes back, threatening innocent lives. Or maybe Ray’s reappearance tempts Dwight into darker alliances he thought he’d left behind. Whatever the path, the Dwight we see in Episode 5 might be standing at the edge of his own redemption story, and one wrong step could send him tumbling back into the underworld he’s fought to escape.
Fan Theories Gaining Steam
The fandom has been buzzing with predictions. Some of the most intriguing theories circulating online include:
- Armand is alive and working with Quiet Ray, secretly trying to dismantle Dunmier’s operation from the inside.
- Serenity becomes an unexpected ally, offering inside information that helps the crew avoid a federal sting.
- Margaret flips on Dwight, aligning with Cal Thresher to seize control of the bourbon business for herself.
- Jasper’s “AI” persona gains real-world influence, drawing government attention that exposes the entire enterprise.
The Road Ahead
If Episode 4 was about recovering what was lost, Episode 5 will likely be about keeping it and that might prove even harder. Dwight’s empire has grown too visible, and his enemies are too restless. The bourbon is back, but the trust holding his crew together is still fragile. One crack, one betrayal, and the entire structure could crumble.
And as always, Tulsa King thrives in the grey space between loyalty and survival. Expect Episode 5 to lean into that tension—testing every bond Dwight’s fought to preserve, Tyson’s loyalty to Margaret’s ambitions, Bodie’s digital tricks, and Quiet Ray’s murky promises.
The bourbon may symbolize power, but it’s become something deeper for Dwight: proof that he can build rather than destroy. Whether he can hold onto that belief will define the rest of the season.
For now, all we can do is wait and brace for whatever storm Dwight Manfredi calls down next.
Read more: Tulsa King Episode 5 Theories
