---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-035701"
form_type: "8-K"
ticker: "BDCO"
cik: "0000793306"
company_name: "BLUE DOLPHIN ENERGY CO"
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:49:18.220126+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Blue Dolphin reports Q3 net loss of $5.0M vs profit of $7.1M a year ago; refining margins slump

## Summary
- Q3 net loss $5.0M ($0.34 diluted loss per share) vs net income $7.1M ($0.47 diluted EPS) in Q3 2023.
- Adjusted refinery operations segment deficit of $4.0M in Q3 2024 vs margin of $9.7M in prior-year quarter.
- Nine-month net loss of $4.7M vs net income of $22.3M in 2023; inventory impairment of $7.9M YTD.
- Working capital improved to $9.9M positive (Dec 2023: deficit $6.1M); cash dropped to $1.7M from $18.7M.
- CEO cites soft refining margins for weak quarter; balance sheet used to support operations.

## SEC filing metadata
- accession: 0001437749-24-035701
- form_type: 8-K
- ticker: BDCO
- cik: 0000793306
- company_name: BLUE DOLPHIN ENERGY CO
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793306/000143774924035701/0001437749-24-035701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793306/000143774924035701/bdco20240827_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-035701
- JSON: https://secwatch.observer/filing/0001437749-24-035701.json
- Plain text: https://secwatch.observer/filing/0001437749-24-035701.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.