secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001437749-26-011052
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Dolphin FY2025 gross profit $8.7M, net loss narrows; EBITDA turns positive
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000143774926011052/0001437749-26-011052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000143774926011052/bdco20251119_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-011052

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