---
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"
generated_at: "2026-06-11T08:58:41.775042+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blue Dolphin Q2 net loss of $1.6M vs net income of $13.4M a year ago; gross profit down sharply

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010887
- JSON: https://secwatch.observer/filing/0001654954-23-010887.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010887.txt

## Key facts
- Earnings Releases
  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.
  - Period: three-month and six-month periods ended June 30, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/793306/000165495423010887/0001654954-23-010887-index.htm

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