Adams Resources & Energy, Inc., through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil in the United States. The company operates in three segments: Crude Oil Marketing, Transportation and Storage; Tank truck Transportation of Liquid Chemicals, Pressurized Gases, Asphalt and Dry Bulk; and Pipeline Transportation, Terminalling and Storage of Crude Oil. It purchases crude oil and arranges sales and deliveries to refiners and other customers primarily onshore in Texas, Oklahoma, North Dakota, Michigan, and Louisiana; and owns and operates a fleet of 191 tractor-trailer rigs and maintains approximately 175 pipeline inventory locations or injection stations. The company also transports liquid chemicals, pressurized gases, asphalt, and dry bulk on a for hire basis in the continental United States, and into Canada and Mexico; and operates truck terminals in Houston, Corpus Christi, Nederland, Freeport, Baton Rouge, St. Rose, Boutte, Mobile, Charlotte, Sterlington, St. Louis, Cincinnati, Atlanta, Tampa, and Jackson. In addition, it operates crude oil and condensate pipeline system, which connects the Eagle Ford Basin to the Gulf Coast waterborne market that has a capacity of 90,000 barrels per day. Adams Resources & Energy, Inc. was founded in 1947 and is headquartered in Houston, Texas.
IPO Year: 1980
Exchange: AMEX
Website: adamsresources.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2022 | $45.00 | Buy | B. Riley Securities |
Several recent insider transactions have taken place at Adams Resources & Energy Inc., providing investors with valuable insights into the sentiments and actions of key individuals within the company. It is essential to analyze these transactions for patterns and potential signals they may offer regarding the future direction of the company's stock. On June 6, 2024, Leggio Michael F III made a notable purchase of $5,400 worth of shares, acquiring 200 units at $27.00 per share. This transaction increased Leggio's direct ownership by 6% to a total of 3,437 units. The purchase signifies confidence in the company's prospects and could indicate positive expectations regarding future performance.
B. Riley Securities initiated coverage of Adams Resources & Energy with a rating of Buy and set a new price target of $45.00
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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
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
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
HOUSTON, Aug. 21, 2024 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer, President and Board Member of the Company, and Tracy Ohmart, Executive Vice President, Chief Financial Officer & Treasurer of the Company, will present at the Midwest IDEAS Investor Conference on Thursday, August 29, 2024 at The Gwen, a Luxury Collection Hotel, in Chicago, Illinois. Adams's presentation is scheduled to begin at 3 PM ET. The presentation will be webcast and can be accessed through the
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,
HOUSTON, July 29, 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 that it will report second quarter 2024 financial and operational results on August 7, 2024, after the market closes. In addition, the Company will also host its earnings call on August 8th, starting at 2:00 p.m. Eastern Time (1:00 p.m. CT). The Company's financial results will be posted on its website at www.adamsresources.co
HOUSTON, June 5, 2024 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer, President and Board Member of the Company, and Tracy Ohmart, Executive Vice President, Chief Financial Officer & Treasurer of the Company, will present at the East Coast IDEAS Investor Conference on Thursday, June 13, 2024 at Jay Conference Center – Bryant Park in New York, NY. Adams's presentation is scheduled to begin at 2 PM ET. The presentation will be webcast and can be accessed through the conference host
HOUSTON, May 8, 2024 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: 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 March 31, 2024. The Company also declared a quarterly cash dividend of $0.24 per common share. First Quarter 2024 Financial Summary Total revenue of $661.1 million, versus $650.2 million for the first quarter of 2023.Net loss for the quarter improved $1.5 million
HOUSTON, May 2, 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 that it will report first quarter 2024 financial and operational results on May 8, 2024, after the market closes. In addition, the Company will also host its earnings call on May 9th, 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
Reports Year-over-Year Increase in Cash Flow from Operations and Total Liquidity HOUSTON, March 13, 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 and year ended December 31, 2023. Fourth Quarter 2023 Financial Summary Total revenue of $709.8 million, versus $747.7 million for the fourth quarter of 2022.Net loss for the quarter improved $6.4
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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
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
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,
HOUSTON, July 29, 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 that it will report second quarter 2024 financial and operational results on August 7, 2024, after the market closes. In addition, the Company will also host its earnings call on August 8th, starting at 2:00 p.m. Eastern Time (1:00 p.m. CT). The Company's financial results will be posted on its website at www.adamsresources.co
HOUSTON, May 8, 2024 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: 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 March 31, 2024. The Company also declared a quarterly cash dividend of $0.24 per common share. First Quarter 2024 Financial Summary Total revenue of $661.1 million, versus $650.2 million for the first quarter of 2023.Net loss for the quarter improved $1.5 million
HOUSTON, May 2, 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 that it will report first quarter 2024 financial and operational results on May 8, 2024, after the market closes. In addition, the Company will also host its earnings call on May 9th, 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
Reports Year-over-Year Increase in Cash Flow from Operations and Total Liquidity HOUSTON, March 13, 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 and year ended December 31, 2023. Fourth Quarter 2023 Financial Summary Total revenue of $709.8 million, versus $747.7 million for the fourth quarter of 2022.Net loss for the quarter improved $6.4
HOUSTON, March 11, 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 that it will report fourth quarter and full year 2023 financial and operational results on March 13, 2024, after the market closes. In addition, the Company will also host its earnings call on March 14th, 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.ad
HOUSTON, Feb. 21, 2024 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE:AE) ("Adams" or the "Company") today announced that its Board of Directors declared a quarterly cash dividend in the amount of $0.24 per common share for the fourth quarter of 2023, payable on March 22, 2024 to shareholders of record as of close of business on March 8, 2024. Kevin J. Roycraft, Adams' Chief Executive Officer and President, commented, "We are pleased to announce yet another regular cash dividend for the advantage of our shareholders. Over 25 years, we have reliably paid dividends, thanks
HOUSTON, Aug. 9, 2023 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: 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, 2023. The Company also declared a quarterly cash dividend of $0.24 per common share. Q2 2023 Financial Summary Total revenue of $624.8 million, versus $992.1 million for the second quarter of 2022. Net earnings of $0.8 million, or $0.32 per diluted commo
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Several recent insider transactions have taken place at Adams Resources & Energy Inc., providing investors with valuable insights into the sentiments and actions of key individuals within the company. It is essential to analyze these transactions for patterns and potential signals they may offer regarding the future direction of the company's stock. On June 6, 2024, Leggio Michael F III made a notable purchase of $5,400 worth of shares, acquiring 200 units at $27.00 per share. This transaction increased Leggio's direct ownership by 6% to a total of 3,437 units. The purchase signifies confidence in the company's prospects and could indicate positive expectations regarding future performance.
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.
Adams Resources & Energy (AMEX:AE) reported its Q4 earnings results on Wednesday, March 13, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Adams Resources & Energy beat estimated earnings by 138.0%, reporting an EPS of $0.03 versus an estimate of $-0.08. Revenue was down $37.97 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.87 which was followed by a 3.0% drop in the share price the next day. Here's a look at Adams Resources & Energy's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.15 -0.55 0.34 0.88 EPS Actual -0.72 -0.23 -0.55 -0.85 Revenue Estimate 68
Adams Resources & Energy (AMEX:AE) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $(0.09) by 133.33 percent. This is a 103.53 percent increase over losses of $(0.85) per share from the same period last year. The company reported quarterly sales of $709.751 million which beat the analyst consensus estimate of $678.365 million by 4.63 percent. This is a 5.08 percent decrease over sales of $747.721 million the same period last year.
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Adams Resources & Energy (AMEX:AE) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement. Analysts estimate that Adams Resources & Energy will report an earnings per share (EPS) of $-0.08. Adams Resources & Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.87, which was follo
Adams Resources & Energy (AMEX:AE) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.15 by 486.67 percent. This is a 16.98 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $760.60 million which beat the analyst consensus estimate of $683.08 million by 11.35 percent. This is a 10.82 percent decrease over sales of $852.90 million the same period last year.
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B. Riley Securities analyst Liam Burke maintains Adams Resources & Energy (AMEX:AE) with a Buy and lowers the price target from $55 to $50.