{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-010597","form_type":"8-K","ticker":"BDCO","cik":"0000793306","company_name":"BLUE DOLPHIN ENERGY CO","filed_at":"2025-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.291545+00:00","generated_at":"2026-05-24T00:11:01.738722+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Blue Dolphin posts FY 2024 net loss of $8.6M vs net income of $31.0M in 2023","bullets":["Revenue fell to $317.5M from $396.0M; refining EBITDA dropped to $2.3M ($0.61/bbl) from $38.6M ($9.37/bbl).","Inventory impairment of $8.3M in 2024 (vs $5.2M in 2023) weighed on results; maintenance turnaround costs also impacted.","Cash and equivalents dropped to $1.1M from $18.7M; working capital deficit widened to $19.1M from $6.1M.","Paid down $7.5M in debt principal and accrued interest during the year; CEO cited balance sheet strength.","Tolling and terminaling EBITDA fell to $2.1M from $4.3M on lower revenue."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-010597","json":"https://secwatch.observer/filing/0001437749-25-010597.json","markdown":"https://secwatch.observer/filing/0001437749-25-010597.md","text":"https://secwatch.observer/filing/0001437749-25-010597.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793306/000143774925010597/0001437749-25-010597-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793306/000143774925010597/bdco20250330_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:11:01.738722+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}