Blue Dolphin Q2 net loss $6.4M; adjusted EBITDA -$5.9M on inventory impairment

BLUE DOLPHIN ENERGY CO

2024-Q2 EPS reported $0.02 revenue$160,681,000

Q2 2024 revenue $69.7M, net loss $6.4M ($0.43 loss per share).
Q2 results hit by $5.5M inventory impairment and $1.2M turnaround expenses.
H1 2024 net income $0.3M ($0.02 EPS), adjusted EBITDA $4.6M.
Working capital improved to positive $18.8M from $6.1M deficit at Dec 2023.
Cash and restricted cash fell to $1.1M from $18.7M at year-end 2023.

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