secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001437749-24-017287
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Dolphin Q1 net income $6.6M ($0.44/share); revenue down 22% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000143774924017287/0001437749-24-017287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000143774924017287/bdco20240308_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017287

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer