secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001437749-25-035213
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Dolphin Q3 net loss $4.7M; gross profit $0.03M vs ($3.3M) YoY; cash rises to $3.3M
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- Net loss of $4.7M ($0.31 EPS) vs $5.0M ($0.34) loss in Q3 2024; nine-month loss $4.2M ($0.28) vs $4.7M ($0.32).
- Gross profit $0.03M in Q3 vs gross deficit of $3.3M a year ago; nine-month gross profit $6.7M vs $3.2M.
- Refinery EBITDA loss improved to ($1.5M) in Q3 from ($4.5M) in Q3 2024; consolidated EBITDA ($4.4M) vs ($4.1M).
- Recorded $3.0M impairment of fixed assets in Q3; cash and restricted cash $3.3M, up from $1.1M at Dec 2024.
- Working capital deficit widened to $23.1M from $19.1M at Dec 2024; CEO cites cost management and operational efficiencies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000143774925035213/0001437749-25-035213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000143774925035213/bdco20250902_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-035213

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