secwatch.observer — SEC 8-K summary
======================================

Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001654954-23-010887
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000165495423010887/0001654954-23-010887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000165495423010887/bdco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-010887

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