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Blue Dolphin Reports First Quarter 2024 Financial Results

Blue Dolphin Reports First Quarter 2024 Financial Results

藍海豚公佈2024年第一季度財務業績
Accesswire ·  05/16 05:07
  • Total gross profit of $11.8 million.
  • Total adjusted EBITDA of $10.5 million.
  • Net income of $6.6 million, or $0.44 per share.
  • 總毛利爲1180萬美元。
  • 調整後的息稅折舊攤銷前利潤總額爲1,050萬美元。
  • 淨收入爲660萬美元,合每股收益0.44美元。

HOUSTON, TX / ACCESSWIRE / May 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 months ended March 31, 2024. Blue Dolphin reported total gross profit of $11.8 million, adjusted earnings before interest and other expense, taxes, depreciation, and amortization (adjusted EBITDA) of $10.5 million, and net income of $6.6 million, or $0.44 per share, for the first quarter of 2024. The accompanying release tables show a reconciliation of adjusted EBITDA to net income.

德克薩斯州休斯敦/ACCESSWIRE/2024年5月15日/伊格爾福特頁岩地區的獨立煉油商和石油產品銷售商藍海豚能源公司(“藍海豚”)(OTCQX: BDCO)公佈了截至2024年3月31日的三個月的財務業績。藍海豚報告稱,2024年第一季度的總毛利爲1180萬美元,調整後的扣除利息和其他費用、稅項、折舊和攤銷前的收益(調整後的息稅折舊攤銷前利潤)爲1,050萬美元,淨收入爲660萬美元,合每股收益0.44美元。隨附的發佈表顯示了調整後的息稅折舊攤銷前利潤與淨收入的對賬情況。

"After a historic earnings year during 2023, Blue Dolphin continued to deliver strong financial results for the first quarter of 2024," said Jonathan P. Carroll, Chief Executive Officer of Blue Dolphin Energy Company. "Blue Dolphin got off to a strong start this quarter, and we believe our current maintenance activities will position us to optimize operations and our product slate going forward. However, our earnings will continue to depend primarily on refining margins."

藍海豚能源公司首席執行官喬納森·卡羅爾表示:“在2023年創下了歷史性的業績年度之後,藍海豚繼續在2024年第一季度實現強勁的財務業績。”“Blue Dolphin本季度開局良好,我們相信我們目前的維護活動將使我們能夠優化運營和未來產品陣容。但是,我們的收益將繼續主要取決於煉油利潤率。”

Results of Operations

運營結果

Three Months Ended Twelve Months Ended
March 31, December 31,
2024 2023 2022 2023 2022
(in thousands)
Total revenue from operations
$ 91,022 $ 116,661 $ 110,683 $ 396,048 $ 487,504
Total cost of goods sold
(79,192) (96,157) (104,077) (351,370) (441,433)
Gross profit
11,830 20,504 6,606 44,678 46,071
Total cost of operations
(1,999) (2,175) (1,495) (8,290) (6,988)
Income from operations
9,831 18,329 5,111 36,388 39,083
Total interest and other expense
(1,366) (1,330) (1,592) (5,862) (5,884)
Income before income taxes
8,465 16,999 3,519 30,526 33,199
Income tax benefit (expense)
(1,841) (246) (41) 485 (307)
Net income
$ 6,624 $ 16,753 $ 3,478 $ 31,011 $ 32,892
Income per common share
Basic
$ 0.44 $ 1.12 $ 0.27 $ 2.08 $ 2.34
Diluted
$ 0.44 $ 1.12 $ 0.27 $ 2.08 $ 2.34
三個月已結束 十二個月已結束
3月31日 十二月三十一日
2024 2023 2022 2023 2022
(以千計)
運營總收入
$ 91,022 $ 116,661 $ 110,683 $ 396,048 $ 487,504
銷售商品的總成本
(79,192) (96,157) (104,077) (351,370) (441,433)
毛利
11,830 20,504 6,606 44,678 46,071
運營總成本
(1,999) (2,175) (1,495) (8,290) (6,988)
運營收入
9,831 18,329 5,111 36,388 39,083
利息和其他支出總額
(1,366) (1,330) (1,592) (5,862) (5,884)
所得稅前收入
8,465 16,999 3,519 30,526 33,199
所得稅優惠(費用)
(1,841) (246) (41) 485 (307)
淨收入
$ 6,624 $ 16,753 $ 3,478 $ 31,011 $ 32,892
每股普通股收益
基本
$ 0.44 $ 1.12 $ 0.27 $ 2.08 $ 2.34
稀釋
$ 0.44 $ 1.12 $ 0.27 $ 2.08 $ 2.34

Reconciliation of Adjusted EBITDA

調整後息稅折舊攤銷前利潤的對賬

Three Months Ended Twelve Months Ended
March 31, December 31,
2024 2023 2022 2023 2022
(in thousands)
Net income
$ 6,624 $ 16,753 $ 3,478 $ 31,011 $ 32,892
Excluding impacts of:
Total interest and other expense
(1,366) (1,330) (1,592) (5,862) (5,884)
Income tax benefit (expense)
(1,841) (246) (41) 485 (307)
Depreciation and amortization
(704) (698) (701) (2,798) (2,798)
Adjusted EBITDA
$ 10,535 $ 19,027 $ 5,812 $ 39,186 $ 41,881
三個月已結束 十二個月已結束
3月31日 十二月三十一日
2024 2023 2022 2023 2022
(以千計)
淨收入
$ 6,624 $ 16,753 $ 3,478 $ 31,011 $ 32,892
不包括以下因素的影響:
利息和其他支出總額
(1,366) (1,330) (1,592) (5,862) (5,884)
所得稅優惠(費用)
(1,841) (246) (41) 485 (307)
折舊和攤銷
(704) (698) (701) (2,798) (2,798)
調整後 EBITDA
$ 10,535 $ 19,027 $ 5,812 $ 39,186 $ 41,881

Financial Position, Liquidity, and Working Capital

財務狀況、流動性和營運資金

As of March 31, 2024, Blue Dolphin had $11.1 million of cash and cash equivalents compared to $18.7 million at December 31, 2023. Blue Dolphin had working capital of $0.3 million at March 31, 2024 and a working capital deficit of $6.1 million at December 31, 2023, representing a $6.4 million improvement. Excluding the current portion of long-term debt, Blue Dolphin had $40.9 million and $33.3 million in working capital at March 31, 2024 and December 31, 2023, respectively, representing a $7.6 million increase.

截至2024年3月31日,藍海豚擁有1,110萬美元的現金及現金等價物,而截至2023年12月31日爲1,870萬美元。截至2024年3月31日,藍海豚的營運資金爲30萬美元,截至2023年12月31日的營運資金赤字爲610萬美元,相當於增加了640萬美元。不包括長期債務的當前部分,截至2024年3月31日,藍海豚擁有4,090萬美元和3,330萬美元的營運資金和2023年12月31日,分別增加了760萬美元。

For more information regarding Blue Dolphin's financial results for the three-month period ended March 31, 2024, see Blue Dolphin's Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on May 15, 2024.

有關藍海豚截至2024年3月31日的三個月期間財務業績的更多信息,請參閱藍海豚於2024年5月15日向美國證券交易委員會提交的10-Q表季度報告。

About Blue Dolphin

關於藍海豚

Blue Dolphin is an independent downstream energy company operating in the Gulf Coast region of the United States. Subsidiaries operate a light, sweet-crude, 15,000-bpd crude distillation tower with over 1.25 million bbls of petroleum storage tank capacity in Nixon, Texas. Blue Dolphin was formed in 1986 as a Delaware corporation and is traded on the OTCQX under the ticker symbol "BDCO." For additional information, visit Blue Dolphin's corporate website at

Blue Dolphin是一家獨立的下游能源公司,在美國墨西哥灣沿岸地區運營。子公司在德克薩斯州尼克松運營着一座日產15,000桶的輕質低硫原油蒸餾塔,儲油罐容量超過125萬桶。藍海豚成立於1986年,是特拉華州的一家公司,在OTCQX上市,股票代碼爲 “BDCO”。如需了解更多信息,請訪問 Blue Dolphin 的公司網站

Contact:
Jonathan P. Carroll
Chief Executive Officer and President
713-568-4725

聯繫人:
喬納森·P·卡羅爾
首席執行官兼總裁
713-568-4725

Cautionary Statements Relevant to Forward-Looking Information for the Purpose of "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements relating to Blue Dolphin's operations based on management's current expectations, estimates, and projections about the oil and gas industry. Words or phrases such as "anticipates," "expects," "intends," "plans," "targets," "advances," "commits," "drives," "aims," "forecasts," "projects," "believes," "approaches," "seeks," "schedules," "estimates," "positions," "pursue," "may," "can," "could," "should," "will," "budgets," "outlook," "trends," "guidance," "focus," "on track," "goals," "objectives," "strategies," "opportunities," "poised," "potential," "ambitions," "aspires" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from those expressed or forecasted in such forward-looking statements. The reader should not rely on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Blue Dolphin undertakes no obligation to update publicly any forward-looking statements, whether because of new information, future events, or otherwise.

出於1995年《私人證券訴訟改革法》“安全港” 條款的目的,與前瞻性信息相關的警示性聲明。本新聞稿包含與藍海豚運營相關的前瞻性陳述,這些陳述基於管理層當前對石油和天然氣行業的預期、估計和預測。諸如 “預期”、“期望”、“打算”、“計劃”、“目標”、“進展”、“承諾”、“動力”、“目標”、“預測”、“項目”、“相信”、“方法”、“尋求”、“計劃”、“估計”、“立場”、“追求”、“可以”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該”、“應該” “” “” 意願”、“預算”、“展望”、“趨勢”、“指導”、“重點”、“步入正軌”、“目標”、“目標”、“戰略”、“機會”、“蓄勢”、“潛力”、“抱負” 和類似表述旨在識別此類前瞻性陳述。這些陳述不能保證未來的業績,並且受某些風險、不確定性和其他因素的影響,其中許多因素是公司無法控制的,難以預測。因此,實際結果和結果可能與此類前瞻性陳述中表達或預測的結果和結果存在重大差異。讀者不應依賴這些前瞻性陳述,這些陳述僅代表截至本新聞稿發佈之日。除非法律要求,否則Blue Dolphin沒有義務公開更新任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。

For a discussion of risk factors that could cause actual results to differ materially from those in the forward-looking statements, please see the factors set forth under the heading "Risk Factors" in Blue Dolphin's 2023 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this press release could also adversely affect forward-looking statements.

有關可能導致實際業績與前瞻性陳述存在重大差異的風險因素的討論,請參閱Blue Dolphin的2023年10-K表年度報告以及隨後向美國證券交易委員會提交的文件中 “風險因素” 標題下列出的因素。本新聞稿中未討論的其他不可預測或未知因素也可能對前瞻性陳述產生不利影響。

SOURCE: Blue Dolphin Energy Company

來源:藍海豚能源公司


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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