Blue Dolphin reports record FY2022 net income of $32.9M vs prior-year loss

BLUE DOLPHIN ENERGY CO

2023-Q1 EPS reported $1.12 revenue$116,661,000

Gross profit $46.1M, up $45.2M (4940%) from $0.9M in FY2021.
Net income $32.9M ($2.34/share) vs net loss of $12.8M ($1.01 loss/share) in FY2021.
Refining segment contribution margin $41.2M, improvement of $44.6M from FY2021 deficit of $3.4M.
Fourth consecutive quarter of strong operational performance noted by management.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BLUE DOLPHIN ENERGY CO reported twelve months ended December 31, 2022 results: net income $32.9 million, EPS $2.34.

Period: twelve months ended December 31, 2022
Net income: $32.9 million
EPS: $2.34
Result: reported results

Exact text from the filing

Reported net income of $32.9 million, or $2.34 per share, an increase of $45.7 million, or $3.35 per share, compared to the prior year.

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Source: SEC EDGAR

accession 0001654954-23-004260

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