---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-004260"
form_type: "8-K"
ticker: "BDCO"
cik: "0000793306"
company_name: "BLUE DOLPHIN ENERGY CO"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:25:39.564410+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-004260
- form_type: 8-K
- ticker: BDCO
- cik: 0000793306
- company_name: BLUE DOLPHIN ENERGY CO
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793306/000165495423004260/0001654954-23-004260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793306/000165495423004260/bdco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-004260
- JSON: https://secwatch.observer/filing/0001654954-23-004260.json
- Plain text: https://secwatch.observer/filing/0001654954-23-004260.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/793306/000165495423004260/0001654954-23-004260-index.htm

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