v3.24.1
Note 3 - Related-party Transactions (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Long-term Debt to Related Parties [Table Text Block]

Loan Description

Parties

Maturity Date

 

Interest Rate

 

Loan Purpose

June LEH Note (debt satisfied in March 2023)

LEH

January 2019

  8.00%

Blue Dolphin working capital; reflects amounts owed to LEH under the Second Amended and Restated Operating Agreement

 

Blue Dolphin

      

BDPL-LEH Loan Agreement (in forbearance)

LEH

August 2018

  16.00%

Original principal amount of $4.0 million; Blue Dolphin working capital

 

BDPL

      
Schedule of Outstanding Long-term Debt to Related Parties [Table Text Block]
  

December 31,

 
  

2023

  

2022

 
  

(in thousands)

 

LEH

        

June LEH Note (debt satisfied March 2023)

 $-  $1,211 

BDPL-LEH Loan Agreement (in forbearance)

  5,308   8,094 

LEH Total

  5,308   9,305 
         

Less: Long-term debt, related party, current portion

  -   (5,211)

Less: Accrued interest payable, related party, current portion

  -   (4,094)

Long-term debt and interest payable, related party

 $5,308  $- 
Schedule of Related Party Transactions, Consolidated Statements of Operations [Table Text Block]
  

Twelve Months Ended December 31,

 
  

2023

  

2022

 
  

(in thousands, except percent amounts)

 

Refinery operations

                

LEH

 $123,395   31.2% $173,646   35.6%

Third-Parties

  266,621   67.3%  309,415   63.5%

Tolling and terminaling

                

LEH

  2,160   0.5%  360   0.1%

Third-Parties

  3,872   1.0%  4,083   0.8%
  $396,048   100.0% $487,504   100.0%
  

Twelve Months Ended December 31,

 
  

2023

  

2022

 
  

(in thousands)

 

Jonathan Carroll

        

Guaranty Fee Agreements

        

Tied to First Term Loan Due 2034

 $403  $428 

Tied to Second Term Loan Due 2034

  167   177 

Tied to Blue Dolphin Term Loan Due 2051

  40   - 

Tied to NPS Term Loan Due 2031

  200   - 

LEH

        

BDPL-LEH Loan Agreement (in forbearance)

  657   480 

June LEH Note (debt satisfied)

  -   598 
  $1,467  $1,683