Welcome to our dedicated page for Adams Res & Ener news (Ticker: AE), a resource for investors and traders seeking the latest updates and insights on Adams Res & Ener stock.
Adams Resources & (AE) delivers integrated energy logistics solutions through crude oil marketing, specialized transportation, and sustainable resource repurposing. This page provides authoritative updates on the company's operational developments and strategic initiatives.
Investors and industry professionals will find timely updates across key areas: quarterly earnings reports, logistics network expansions, sustainability initiatives, and market position updates. Our curated news ensures access to verified information about AE's crude oil transportation operations, petroleum product recycling programs, and supply chain management advancements.
The collection serves as a comprehensive resource for tracking AE's operational milestones in energy logistics. Content spans regulatory compliance updates, equipment fleet enhancements, and strategic partnerships within the petroleum sector. All materials maintain factual accuracy while avoiding speculative commentary.
For consistent access to AE's latest operational news, consider bookmarking this page or setting up news alerts through your preferred financial platform. Regular updates ensure stakeholders remain informed about the company's evolving role in energy transportation and resource optimization.
Adams Resources & Energy reported Q4 2022 revenue of $747.7 million, up from $644.8 million year-over-year. However, the company posted a net loss of $7.3 million (loss of $2.30 per share), primarily due to $5.4 million in incremental costs linked to acquisitions and share repurchases. For 2022, total revenue reached $3.37 billion, with net earnings of $3.5 million. Cash reserves fell to $20.5 million from $97.8 million a year prior, largely due to share repurchases. The company began construction on the VEX Pipeline System, expected to enhance its operations in 2023.
Adams Resources & Energy, Inc. (AMEX: AE) announced a quarterly cash dividend of $0.24 per share for Q4 2022. The dividend is payable on March 24, 2023, to shareholders of record as of March 10, 2023. This marks over 25 years of consistent dividend payments, showcasing the company's stability and strong financial position, as stated by CEO Kevin J. Roycraft.
Adams operates in crude oil marketing, transportation, and recycling, demonstrating a comprehensive approach within the energy sector.
Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) will participate in the Singular Research Best of the Uncovered Conference on December 8, 2022, at 8:30 a.m. PT. CEO Kevin Roycraft will present at the conference, which offers both in-person and virtual attendance options. A slide presentation will be made available on the company’s Investor Relations webpage. This participation highlights the company's efforts to engage with investors and provide updates on its operations in the crude oil and chemical sectors.
Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) reported Q3 2022 net earnings of $2.2 million, or $0.50 per diluted common share, on revenues of $852.9 million, showing significant growth from $1.5 million and $568.2 million in Q3 2021. The company declared a quarterly cash dividend of $0.24 per share, payable on December 16, 2022. Enhanced liquidity totaled $123.3 million, with adjusted cash flow rising to $12.6 million. The acquisition of Firebird and Phoenix has positively impacted cash flow, while a share repurchase reduced outstanding shares by 44%.
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