Adams Resources & Energy Q1 2024 GAAP EPS $(0.19) Beats $(0.33) Estimate, Sales $661.050M Beat $555.029M Estimate

5/8/24 7:26:01 PM ET

Oil Refining/Marketing

Energy

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Adams Resources & Energy (AMEX:AE) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.33) by 42.42 percent. This is a 75.95 percent increase over losses of $(0.79) per share from the same period last year. The company reported quarterly sales of $661.050 million which beat the analyst consensus estimate of $555.029 million by 19.10 percent. This is a 1.67 percent increase over sales of $650.162 million the same period last year.

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Recent Analyst Ratings for
$AE

Date	Price Target	Rating	Analyst
3/17/2022	$45.00	Buy	B. Riley Securities

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Adams Resources & Energy, Inc. Announces Third Quarter 2024 Results and Declares Quarterly Dividend
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company"), a company engaged in marketing, transportation, logistics and repurposing of crude oil, refined products and dry bulk materials, today announced operational and financial results for the quarter ended September 30, 2024. The Company also declared a quarterly cash dividend of $0.24 per common share. Third Quarter 2024 Financial Summary Total revenue of $695.2 millionNet loss of $4.5 million, or ($1.76) per common shareEBITDA of $0.2 millionAdjusted EBITDA of $2.3 million, which excludes inventory valuation lossesCash and cash equivalents of $25.1 million, versus $33.3 million at
11/12/24 4:05:00 PM ET
$AE
Oil Refining/Marketing
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Adams Resources & Energy, Inc. to be Acquired by an Affiliate of Tres Energy LLC
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company") announced today that it has entered into a definitive agreement to be acquired by an affiliate of Tres Energy LLC ("Buyer") in an all-cash transaction that values the Company at a total enterprise value (including bank debt and financial leases) of approximately $138.9 million. Under the terms of the agreement, Adams stockholders will receive $38.00 per share in cash for each share of Adams common stock owned as of the closing of the transaction. The per share purchase price represents a 39% premium to the Company's closing share price of $27.32 on November 11, 2024, the last f
11/12/24 9:05:00 AM ET
$AE
Oil Refining/Marketing
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Adams Resources & Energy, Inc. to Release Third Quarter 2024 Earnings and Host Conference Call on November 13
HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company"), a company engaged in marketing, transportation, logistics and repurposing of crude oil, refined products and dry bulk materials, today announced that it will report third quarter 2024 financial and operational results on November 12, 2024, after the market closes. In addition, the Company will also host its earnings call on November 13th, starting at 9:00 a.m. Eastern Time (8:00 a.m. CT). The Company's financial results will be posted on its website at www.adamsresources.com. Please visit the Investor Relations portion of the website to listen to the call via webcast or access
11/8/24 4:05:00 PM ET
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Adams Resources & Energy, Inc. Announces Third Quarter 2024 Results and Declares Quarterly Dividend
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company"), a company engaged in marketing, transportation, logistics and repurposing of crude oil, refined products and dry bulk materials, today announced operational and financial results for the quarter ended September 30, 2024. The Company also declared a quarterly cash dividend of $0.24 per common share. Third Quarter 2024 Financial Summary Total revenue of $695.2 millionNet loss of $4.5 million, or ($1.76) per common shareEBITDA of $0.2 millionAdjusted EBITDA of $2.3 million, which excludes inventory valuation lossesCash and cash equivalents of $25.1 million, versus $33.3 million at
11/12/24 4:05:00 PM ET
$AE
Oil Refining/Marketing
Energy
Adams Resources & Energy, Inc. to Release Third Quarter 2024 Earnings and Host Conference Call on November 13
HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company"), a company engaged in marketing, transportation, logistics and repurposing of crude oil, refined products and dry bulk materials, today announced that it will report third quarter 2024 financial and operational results on November 12, 2024, after the market closes. In addition, the Company will also host its earnings call on November 13th, starting at 9:00 a.m. Eastern Time (8:00 a.m. CT). The Company's financial results will be posted on its website at www.adamsresources.com. Please visit the Investor Relations portion of the website to listen to the call via webcast or access
11/8/24 4:05:00 PM ET
$AE
Oil Refining/Marketing
Energy
Adams Resources & Energy, Inc. Announces Second Quarter 2024 Results and Declares Quarterly Dividend
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company"), a company engaged in marketing, transportation, logistics and repurposing of crude oil, refined products and dry bulk materials, today announced operational and financial results for the quarter ended June 30, 2024. The Company also declared a quarterly cash dividend of $0.24 per common share. Second Quarter 2024 Financial Summary Total revenue of $718.5 millionNet loss of ($2.2) million, or ($0.87) per common shareEBITDA of $3.7 millionAdjusted EBITDA of $4.2 million,
8/7/24 4:05:00 PM ET
$AE
Oil Refining/Marketing
Energy

Adams Resources & Energy Q1 2024 GAAP EPS $(0.19) Beats $(0.33) Estimate, Sales $661.050M Beat $555.029M Estimate

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Recent Analyst Ratings for $AE

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B. Riley Securities initiated coverage on Adams Resources & Energy with a new price target

$AE Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

President, Phoenix Oil, Inc. Bosard Trey T converted options into 5,086 shares, increasing direct ownership by 89% to 10,824 units (SEC Form 4)

CEO & President Roycraft Kevin J. bought $4,018 worth of shares (144 units at $27.90), increasing direct ownership by 2% to 9,645 units (SEC Form 4)

Chief Operating Officer Leggio Michael F Iii bought $3,746 worth of shares (150 units at $24.98), increasing direct ownership by 4% to 3,587 units (SEC Form 4)

$AE Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

CEO & President Roycraft Kevin J. bought $4,018 worth of shares (144 units at $27.90), increasing direct ownership by 2% to 9,645 units (SEC Form 4)

Chief Operating Officer Leggio Michael F Iii bought $3,746 worth of shares (150 units at $24.98), increasing direct ownership by 4% to 3,587 units (SEC Form 4)

EVP, CFO Ohmart Tracy E bought $4,950 worth of shares (200 units at $24.75), increasing direct ownership by 2% to 8,551 units (SEC Form 4)

$AE SEC Filings

SEC Form DEFA14A filed by Adams Resources & Energy Inc.

SEC Form 10-Q filed by Adams Resources & Energy Inc.

Adams Resources & Energy Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$AE Market Insights

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Mark Keith Holdsworth Reports 5.3% Stake In Adams Resources & Energy Inc As Of June 26; Seeks To Engage In Discussions With Adams On Board Composition, Management, Financial Condition, Strategic Plans

Financial Insight: Purchase at Adams Resources & Energy Inc. on Jun 6