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 & Energy Inc. (AE) operates at the intersection of crude oil marketing and petroleum logistics, making its news particularly relevant for investors tracking the energy sector's midstream operations. The company's announcements typically cover quarterly financial results, dividend declarations, and developments affecting its crude oil purchasing and transportation businesses.
News coverage of Adams Resources often reflects broader trends in domestic crude oil production volumes and refinery demand. As a petroleum products marketer operating primarily in Texas and surrounding regions, company updates can provide insight into regional energy market conditions and crude oil gathering economics.
Track Adams Resources announcements to follow developments in their crude oil marketing margins, transportation fleet operations, and strategic business decisions. The company's quarterly reports detail volume trends and segment performance that reflect conditions in the petroleum wholesale trade sector.
Bookmark this page for timely access to Adams Resources & Energy press releases, earnings announcements, and material business developments as they occur.
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%.
FAQ
What is the current stock price of Adams Res & Ener (AE)?
What is the market cap of Adams Res & Ener (AE)?
