Adams Resources & Energy Inc. - AE STOCK NEWS

Adams Resources & Energy, a company focusing on crude oil marketing, transportation, and logistics, announced its Q2 2024 results. The company reported total revenue of $718.5 million, but incurred a net loss of $2.2 million or $0.87 per share. EBITDA was $3.7 million, and Adjusted EBITDA, excluding inventory valuation losses, was $4.2 million.

Adams also declared a quarterly cash dividend of $0.24 per common share. The company demonstrated increased liquidity, with cash and cash equivalents rising to $38.5 million from $33.3 million at the end of 2023. Operationally, GulfMark Energy marketed 67,099 bpd of crude oil, which is a decrease from the previous year's 92,152 bpd. The Victoria Express Pipeline saw a 23% sequential increase in throughput volumes.

CEO Kevin Roycraft mentioned challenges like lower demand and inflationary pressures but remained optimistic about the latter half of 2024 and early 2025.

Adams Resources & Energy, Inc. (NYSE AMERICAN: AE), a company specializing in marketing, transportation, logistics, and repurposing of crude oil, refined products, and dry bulk materials, has announced its plans for the second quarter 2024 earnings release. The company will report its financial and operational results on August 7, 2024, after market close. Additionally, Adams will host an earnings call on August 8th at 2:00 p.m. Eastern Time (1:00 p.m. CT).

Investors can access the financial results on the company's website at www.adamsresources.com. The earnings call will be available via webcast on the Investor Relations section of the website. Alternatively, participants can dial 1-844-413-3976 (Toll-Free) within the U.S. or 1-412-317-1802 (Toll-Required) outside the U.S. to join the call. A replay of the conference call will be accessible on the company's website or by dialing specific numbers provided in the announcement.

Adams Resources & Energy (NYSE AMERICAN: AE) announced that CEO Kevin Roycraft and CFO Tracy Ohmart will present at the 14th Annual East Coast IDEAS Investor Conference on June 13, 2024, in New York. Their presentation is set for 2 PM ET at the Jay Conference Center – Bryant Park. This event will include 1x1 meetings with investors, and the presentation will be webcast, accessible through the conference host's and the company's websites.

Adams Resources & Energy, Inc. announced its First Quarter 2024 results with total revenue of $661.1 million, a net loss improvement year over year to ($0.5) million, and EBITDA improvement to $6.0 million. The company declared a quarterly cash dividend of $0.24 per common share. Operational highlights included increased volumes and margin strength in the oil segments. GulfMark marketed 64,634 bpd of crude oil, while Service Transport traveled 6.29 million miles. The company remained solidly positioned with 329,287 barrels of crude oil inventory. Capital investments of $6.2 million were made, and dividends of $0.7 million were paid. The Board of Directors declared a quarterly cash dividend of $0.24 per common share for the first quarter of 2024.

Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) will release its first quarter 2024 financial and operational results on May 8, 2024, after the market closes. The earnings call is scheduled for May 9th at 9:00 a.m. Eastern Time. Investors can access the call via webcast or phone.

Adams Resources & Energy, Inc. (AE) reported a year-over-year increase in cash flow from operations and total liquidity. Total revenue for the fourth quarter of 2023 was $709.8 million, with a net loss of ($0.9) million. Adjusted net earnings were $0.1 million. Cash and cash equivalents stood at $33.3 million, and liquidity was $80.3 million at December 31, 2023. For the full year 2023, net income was $0.2 million on revenues of $2.75 billion, with adjusted net loss of ($3.7) million. Net cash provided by operating activities was $30.3 million. The company highlighted operational improvements and financial strength amidst industry challenges.

Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) will release its fourth quarter and full year 2023 financial results on March 13, 2024, followed by an earnings call on March 14th. Investors can access the call via webcast or phone.

Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) declares a quarterly cash dividend of $0.24 per common share for Q4 2023, showcasing a commitment to shareholder value. The company has a strong history of dividend payments over 25 years.

Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) announced that CEO Kevin Roycraft and CFO Tracy Ohmart will present at the Southwest IDEAS Investor Conference on Nov 16, 2023. The presentation will be webcast and can be accessed through the conference website and the company's investor relations section.