secwatch.observer — SEC 8-K summary
======================================

Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001437749-24-026967
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000143774924026967/0001437749-24-026967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000143774924026967/bdco20240617_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026967

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