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Stock impact report

Blue Dolphin Reports Second Quarter 2024 Financial Results [Yahoo! Finance]

BLUE DOLPHIN ENERGY CO (BDCO) 
Company Research Source: Yahoo! Finance
Total gross profit of $7.8 million, net income of $0.3 million, and adjusted EBITDA of $4.6 million for the six months ended June 30, 2024. HOUSTON, TX / ACCESSWIRE / August 14, 2024 / Blue Dolphin Energy Company ("Blue Dolphin") (OTCQX:BDCO), an independent refiner and marketer of petroleum products in the Eagle Ford Shale region, announced its financial results for the three and six months ended June 30, 2024. Results of Operations For the three months ended June 30, 2024, Blue Dolphin reported a total gross deficit of $4.1 million, a net loss of $6.4 million, or a loss of $0.43 per share, and negative adjusted earnings before interest and other expense, taxes, depreciation, and amortization (adjusted EBITDA) of $5.9 million. Gross profit and adjusted EBITDA for the three months ended June 30, 2024 were negatively impacted by a $5.5 million inventory impairment due to recognizing inventory at the lower of cost or net realizable value and $1.2 million in maintenance turnaround Show less Read more
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