{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-010887","form_type":"8-K","ticker":"BDCO","cik":"0000793306","company_name":"BLUE DOLPHIN ENERGY CO","filed_at":"2023-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.664085+00:00","generated_at":"2026-06-11T08:58:41.775042+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Blue Dolphin Q2 net loss of $1.6M vs net income of $13.4M a year ago; gross profit down sharply","bullets":["Net loss of $1.6M ($0.10 per share) for Q2 2023 vs net income of $13.4M ($0.97/share) in Q2 2022.","Gross profit fell to $1.9M from $16.8M, driven by weaker refining margins, lower throughput, and inventory buildup.","Six-month net income totaled $15.2M ($1.02/share) vs $16.9M ($1.27/share) in prior year.","Reduced net long-term debt and accrued interest by $2.7M (4.6%) in H1 2023.","CEO reports refining margins rebounding in Q3 2023, setting stage for stronger quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-010887","json":"https://secwatch.observer/filing/0001654954-23-010887.json","markdown":"https://secwatch.observer/filing/0001654954-23-010887.md","text":"https://secwatch.observer/filing/0001654954-23-010887.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793306/000165495423010887/0001654954-23-010887-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793306/000165495423010887/bdco_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:58:41.775042+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":"ac242e6d161659a7b62519c2e4a79dc3165acb1d","claim":"BLUE DOLPHIN ENERGY CO reported three-month and six-month periods ended June 30, 2023 results: revenue $68,878 thousand for the three months ended June 30, 2023 and $185,539 thousand for the six months ended June 30, 2023, net income net loss of $1.560 million for the three months ended June 30, 2023 and net income of $15.193 million for the six months, EPS loss of $0.10 per share for the three months ended June 30, 2023 and income of $1.02 per share for the six months ended.","evidence_excerpt":"On August 15, 2023 Blue Dolphin Energy Company, a Delaware corporation (“Blue Dolphin”), issued a press release reporting its financial results for the three-month and six-month periods ended June 30, 2023 and its financial condition as of June 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/793306/000165495423010887/0001654954-23-010887-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three-month and six-month periods ended June 30, 2023"},{"label":"Revenue","value":"$68,878 thousand for the three months ended June 30, 2023 and $185,539 thousand for the six months ended June 30, 2023"},{"label":"Net income","value":"net loss of $1.560 million for the three months ended June 30, 2023 and net income of $15.193 million for the six months"},{"label":"EPS","value":"loss of $0.10 per share for the three months ended June 30, 2023 and income of $1.02 per share for the six months ended"},{"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"}