{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-011052","form_type":"8-K","ticker":"BDCO","cik":"0000793306","company_name":"BLUE DOLPHIN ENERGY CO","filed_at":"2026-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.735455+00:00","generated_at":"2026-05-15T07:54:31.353644+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Blue Dolphin FY2025 gross profit $8.7M, net loss narrows; EBITDA turns positive","bullets":["Gross profit $8.7M (up 123% from $3.9M in FY2024); net loss $5.6M ($0.38/share) vs $8.6M ($0.58/share).","Consolidated EBITDA $1.3M (vs -$1.5M); refinery operations EBITDA $2.9M (vs -$0.4M).","Cash and equivalents $2.0M (up $0.9M); working capital deficit $24.4M (up from $19.1M).","Revenue $279.4M vs $317.5M; impairment of fixed assets $3.0M recognized in FY2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-011052","json":"https://secwatch.observer/filing/0001437749-26-011052.json","markdown":"https://secwatch.observer/filing/0001437749-26-011052.md","text":"https://secwatch.observer/filing/0001437749-26-011052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793306/000143774926011052/0001437749-26-011052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793306/000143774926011052/bdco20251119_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:54:31.353644+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":[{"claim_id":"53b303aec98c8c258ad6ecdead7ea1b3f6e58b4c","claim":"BLUE DOLPHIN ENERGY CO reported the twelve months ended December 31, 2025 results: net income Net loss of $5.6 million, or a loss of $0.38 per share.","evidence_excerpt":"Blue Dolphin reported total gross profit of $8.7 million and a net loss of $5.6 million, or a loss of $0.38 per share, for Full Year 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/793306/000143774926011052/0001437749-26-011052-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended December 31, 2025"},{"label":"Net income","value":"Net loss of $5.6 million, or a loss of $0.38 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}