Adams Resources & Energy Inc (A:AE)
Business Focus: Petroleum Product Wholesale
| Sector: Energy | Industry: Oil & Gas Refining and Marketing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 17 S Briar Hollow Ln HOUSTON TX 77027 |
| Tel: | 1-713-8813609 |
| Website: | https://www.adamsresources.com |
| IR: | See website |
| Key People | ||
| Kevin J. Roycraft President, Chief Executive Officer, Director | Tracy E. Ohmart Chief Financial Officer, Executive Vice President, Treasurer | Wade M. Harrison President of Service Transport Company | Greg L. Mills President of GulfMark Energy Incorporation |
| Business Overview |
| Adams Resources & Energy, Inc. is engaged in crude oil marketing, truck, and pipeline transportation, terminalling and storage in various crude oil and natural gas basins in the lower 48 states of the United States. The Company also conducts tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk primarily in the lower 48 states of the United States, with deliveries into Canada and Mexico, and with 17 terminals across the United States. Its segments include crude oil marketing, transportation, and storage; tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; pipeline transportation, terminalling and storage of crude oil, and interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, and other chemicals. Its subsidiaries include Service Transport Company, Ada Resources, Inc., and Phoenix Oil, Inc. |
| Financial Overview |
| For the three months ended 31 March 2024, Adams Resources & Energy Inc revenues increased 2% to $661.1M. Net loss decreased 75% to $498K. Revenues reflect Crude oil marketing segment increase of 3% to $623.8M. Lower net loss reflects Crude oil marketing segment income increase from $1.9M to $6.7M, Pipeline and storage segment loss decrease of 20% to $963K. Dividend per share remained flat at $0.24. |
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