Adams Resources & Energy

Adams Resources & Energy, Inc. engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following 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. The company was founded by Kenneth Stanley Adams, Jr. in 1947 and is headquartered in Houston, TX.

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Adams Resources (AE) delivered earnings and revenue surprises of 51.43% and 10.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Adams Resources & Energy (AE) Q3 Earnings Top Estimates

HOUSTON , Nov. 10, 2022 /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 and nine month period ended September 30, 2022.  The Company also declared a quarterly cash dividend of $0.24 per common share.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES THIRD QUARTER 2022 RESULTS AND DECLARES QUARTERLY DIVIDEND

Adams Resources (AE) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Adams Resources (AE) Now

HOUSTON , Nov. 9, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer and President of the Company, and Tracy Ohmart, Executive Vice President, Chief Financial Officer & Treasurer of the Company, will present at the Southwest IDEAS Investor Conference on November 17, 2022 at the Westin Dallas Downtown in Dallas, TX.  Adams' presentation is scheduled to begin at 8:00 am CT.

ADAMS RESOURCES & ENERGY, INC. TO PRESENT AT THE 14TH ANNUAL SOUTHWEST IDEAS INVESTOR CONFERENCE ON NOVEMBER 16TH AND 17TH IN DALLAS, TX

Adams Resources (AE) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Adams Resources (AE) Is a Great Choice for "Trend" Investors, Here's Why

Adams Resources (AE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Adams Resources (AE) Rating Upgrade to Strong Buy

EXPANDED AND EXTENDED CREDIT FACILITY, AND NEW TERM LOAN HOUSTON , Nov. 1, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced the repurchase of all of the shares of Adams common stock owned by KSA Industries, Inc. ("KSA"), the Company's largest stockholder, and members of the family of the late Kenneth Stanley Adams, Jr., the Company's founder, who are affiliated with KSA.  The sellers had previously announced their intention to pursue a sale of their shares in Adams.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES REPURCHASE OF ALL OUTSTANDING KSA SHARES

Adams Resources & Energy, Inc. participates in commoditized markets with zero moat. The company has been able to generate a profit, albeit below the one required to justify its current price. Adams Resources' accounting is noisy. When noise is removed, a company with more stable profits is revealed.

Adams Resources Is Overvalued On A Historical Basis

HOUSTON , Sept. 14, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer and President of the Company, and Tracy Ohmart, Executive Vice President, Chief Financial Officer & Treasurer of the Company, will present at Singular Research's 2022 Autumn Equinox Webinar on September 14, 2022 at 3:30 pm ET.

ADAMS RESOURCES & ENERGY, INC. TO PRESENT AT SINGULAR RESEARCH'S 2022 AUTUMN EQUINOX WEBINAR ON SEPTEMBER 14, 2022

HOUSTON , Sept. 1, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces that its subsidiary, Service Transport Company ("Service Transport"), has opened its 20th terminal which is located in the Pittsburgh, PA area.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES OPENING OF NEW SERVICE TRANSPORT TERMINAL LOCATION

HOUSTON , Aug. 24, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces that its subsidiary, Victoria Express Pipeline, L.L.C. ("VEX"), will construct a new pipeline connection to Max Midstream Texas, LLC's ("Max Midstream") recently acquired Upper Gulf Coast Pipeline System.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES VICTORIA EXPRESS PIPELINE CONNECTION

HOUSTON , Aug. 22, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer and President 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 August 25, 2022 at The Gwen in Chicago, IL.  Adams' presentation is scheduled to begin at 9:30 am CT.

ADAMS RESOURCES & ENERGY, INC. TO PRESENT AT THE 13TH ANNUAL MIDWEST IDEAS INVESTOR CONFERENCE ON AUGUST 24TH AND 25TH IN CHICAGO, IL

HOUSTON , Aug. 15, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces that one of its subsidiaries, GulfMark Asset Holdings, Inc., has completed the purchase of Firebird Bulk Carriers, Inc. ("Firebird") and Phoenix Oil, Inc. ("Phoenix") for an aggregate purchase price of approximately $33 million, consisting of approximately $32 million in cash and $0.5 million of Adams Resources & Energy, Inc. common stock. Firebird Bulk Carriers is an interstate bulk motor carrier of crude oil, condensate, fuels, oils and other petroleum products.

ADAMS RESOURCES & ENERGY, INC. COMPLETES ACQUISITION OF PHOENIX OIL AND FIREBIRD BULK CARRIERS

HOUSTON , Aug. 12, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that it signed an amended and restated senior secured revolving credit facility. The agreement increases the Company's credit facility from $40 million to $60 million and extends the maturity from May 2024 to August 2025.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT FACILITY

Adams Resources (AE) delivered earnings and revenue surprises of 11.29% and 26.28%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Adams Resources & Energy (AE) Q2 Earnings and Revenues Top Estimates

HOUSTON , Aug. 11, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces operational and financial results for the three months ended June 30, 2022 and declares a quarterly cash dividend of $0.24 per common share.  Q2 2022 Financial Highlights Net earnings of $2.5 million, or $0.56 per diluted common share, on revenues of $992.1 million for the second quarter of 2022, compared to net earnings of $4.7 million, or $1.10 per diluted common share, on revenues of $486.7 million for the second quarter of 2021.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES RESULTS FOR SECOND QUARTER 2022 AND DECLARES QUARTERLY DIVIDEND

Adams Resources (AE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Adams Resources (AE) Soars 6%: Is Further Upside Left in the Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Adams Resources & Energy (AE) a Great Value Stock Right Now?

HOUSTON , June 20, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer and President of the Company, and Tracy Ohmart, Executive Vice President, Chief Financial Officer & Treasurer of the Company, will participate in the virtual East Coast IDEAS Investor Conference on June 22 & 23, 2022.  Adams' presentation is scheduled to be available at 6:00 am ET on June 22nd and will be accessible through the conference site.

ADAMS RESOURCES & ENERGY, INC. TO PRESENT VIRTUALLY AND HOST 1x1 INVESTOR MEETINGS AT THE 12TH ANNUAL EAST COAST IDEAS INVESTOR CONFERENCE ON JUNE 22ND & 23RD

HOUSTON, May 16, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced operational and financial results for the three months ended March 31, 2022 and declared a quarterly cash dividend of $0.24 per common share.  Reported net earnings of $6.1 million, or $1.39 per diluted common share, on revenues of $774.2 million for the first quarter of 2022, compared to net earnings of $2.8 million, or $0.66 per diluted common share, on revenues of $325.5 million for the first quarter of 2021.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES RESULTS FOR FIRST QUARTER 2022 AND DECLARES QUARTERLY DIVIDEND

HOUSTON , April 28, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Service Transport Company ("Service Transport") – Adams' liquid chemicals, pressurized gases, asphalt and dry bulk transportation subsidiary – was recently presented with the tank truck industry's highest safety award at the National Tank Truck Carriers ("NTTC") 2022 Annual Conference held April 23-26, 2022, in San Diego, California.  Service Transport claimed NTTC's coveted Heil Trophy in the Harvison division, which spotlights carriers whose trucks traveled more than 15 million miles last year.

SERVICE TRANSPORT COMPANY WINS TANK TRUCK INDUSTRY'S MOST PRESTIGIOUS SAFETY AWARD

HOUSTON, March 8, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced operational and financial results for the three months and year ended December 31, 2021.  Fourth Quarter 2021 Financial Highlights Reported net earnings of $2.8 million, or $0.64 per diluted common share, on revenues of $644.8 million for the fourth quarter of 2021, compared to $5.8 million, or $1.38 per diluted common share, on revenues of $249.8 million for the fourth quarter of 2020.

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES RESULTS FOR FOURTH QUARTER AND FULL YEAR 2021

HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced operational and financial results for the three months ended September 30, 2021 and declared a quarterly cash dividend of $0.24 per common share.  Reported net earnings of $1.5 million, or $0.36 per diluted common share, on revenues of $568.2 million for the third quarter of 2021, compared to $3.1 million, or $0.72 per diluted common share, on revenues of $266.9 million for the third quarter of 2020.

Adams Resources & Energy, Inc. Announces Results For Third Quarter 2021 And Declares Quarterly Dividend

HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer and President, and Tracy Ohmart, Chief Financial Officer, will present at a Singular Research 2021 Webinar on October 27, 2021 at 3 p.m. ET.  The presentation will be available online via a webinar.

Adams Resources & Energy, Inc. To Present At Singular Research Webinar

HOUSTON, Aug. 12, 2021 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced operational and financial results for the three months ended June 30, 2021 and declared a quarterly cash dividend of $0.24 per common share.  Reported net earnings of $4.7 million, or $1.10 per diluted common share, on revenues of $486.7 million for the second quarter of 2021, compared to $3.5 million, or $0.82 per diluted common share, on revenues of $152.3 million for the second quarter of 2020.

News for Adams Resources & Energy Stock (AE)