secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001437749-24-035701
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000143774924035701/0001437749-24-035701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000143774924035701/bdco20240827_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-035701

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