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Stock impact report

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

BLUE DOLPHIN ENERGY CO (BDCO) 
Company Research Source: Yahoo! Finance
Adjusted refinery operations segment margin of $1.3 million for the nine months ended September 30, 2024. HOUSTON, TX / ACCESSWIRE / November 15, 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 nine months ended September 30, 2024. Results of Operations For the three months ended September 30, 2024, Blue Dolphin reported an adjusted refinery operations segment deficit of $4.0 million compared to adjusted refinery operations segment margin of $9.7 million for the three months ended September 30, 2023. Blue Dolphin's refining margins for the three months ended September 30, 2024 were negatively impacted by less favorable refining margins and lower sales volume. Refinery operations segment margin was also adversely impacted by a $1.9 million inventory impairment due to recognizing inventory at the lower of cost or net realiza Show less Read more
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