---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-026949"
form_type: "8-K"
ticker: "BDCO"
cik: "0000793306"
company_name: "BLUE DOLPHIN ENERGY CO"
filed_at: "2025-08-14T23:59:59+00:00"
generated_at: "2026-05-17T13:46:09.326618+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Blue Dolphin Q2 net loss narrows to $1.7M; H1 turns to profit

## Summary
- Q2 net loss $1.7M (-$0.12/sh) vs $6.4M loss (-$0.43/sh) a year ago; gross profit $0.6M vs deficit $4.7M.
- H1 2025 net income $0.5M ($0.03/sh) vs $0.3M ($0.02/sh) in prior period; revenue fell to $140.3M from $160.7M.
- Consolidated EBITDA $0.1M in Q2 (vs -$5.9M) and $5.1M in H1 (vs $4.6M); refinery operations EBITDA loss improved to $0.9M.
- Cash and equivalents rose to $1.8M from $1.1M at year-end; working capital deficit improved to $16.8M from $19.1M.

## SEC filing metadata
- accession: 0001437749-25-026949
- form_type: 8-K
- ticker: BDCO
- cik: 0000793306
- company_name: BLUE DOLPHIN ENERGY CO
- filed_at: 2025-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/793306/000143774925026949/0001437749-25-026949-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793306/000143774925026949/bdco20250519_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-026949
- JSON: https://secwatch.observer/filing/0001437749-25-026949.json
- Plain text: https://secwatch.observer/filing/0001437749-25-026949.txt

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