{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-017287","form_type":"8-K","ticker":"BDCO","cik":"0000793306","company_name":"BLUE DOLPHIN ENERGY CO","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.990730+00:00","generated_at":"2026-06-01T22:12:11.840808+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Blue Dolphin Q1 net income $6.6M ($0.44/share); revenue down 22% YoY","bullets":["Revenue $91.0M, down from $116.7M in Q1 2023; gross profit $11.8M vs $20.5M.","Net income $6.6M ($0.44 diluted EPS) vs $16.8M ($1.12) a year ago; adjusted EBITDA $10.5M.","Cash and equivalents $11.1M at March 31, 2024, down from $18.7M at Dec 31, 2023.","Working capital improved to $0.3M (from deficit of $6.1M), excluding debt $40.9M.","CEO Carroll cites strong start but notes earnings depend primarily on refining margins."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-017287","json":"https://secwatch.observer/filing/0001437749-24-017287.json","markdown":"https://secwatch.observer/filing/0001437749-24-017287.md","text":"https://secwatch.observer/filing/0001437749-24-017287.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793306/000143774924017287/0001437749-24-017287-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793306/000143774924017287/bdco20240308_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T22:12:11.840808+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb9e40ab33218b9b0cad3bade35992576257896c","claim":"BLUE DOLPHIN ENERGY CO reported the three months ended March 31, 2024 results: net income $6.6 million, or $0.44 per share, EPS $0.44 per share.","evidence_excerpt":"Blue Dolphin reported total gross profit of $11.8 million, adjusted earnings before interest and other expense, taxes, depreciation, and amortization (adjusted EBITDA) of $10.5 million, and net income of $6.6 million, or $0.44 per share, for the first quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/793306/000143774924017287/0001437749-24-017287-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Net income","value":"$6.6 million, or $0.44 per share"},{"label":"EPS","value":"$0.44 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}