secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001654954-23-006671
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Dolphin Q1 net income $16.8M ($1.12/share) vs $3.5M; gross profit up 210% YoY
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- Net income $16.8M ($1.12 diluted EPS) vs $3.5M ($0.27) in Q1 2022, up $13.3M.
- Gross profit $20.5M, +210% YoY; refining gross profit $18.3M, +223% YoY.
- Cash from operations $13.8M; cash balance $12.5M vs $0.5M at Dec 2022.
- Working capital deficit narrowed to $13.9M from $45.2M, a $31.3M improvement.
- Management cautious on macro; focuses on balance sheet, expense management, renewable energy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000165495423006671/0001654954-23-006671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000165495423006671/bdco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006671

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