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 (NYSE AMERICAN: AE) reported strong operational and financial results for Q1 2022, with net earnings of $6.1 million ($1.39 per diluted share) on revenues of $774.2 million, significantly up from $2.8 million ($0.66 per diluted share) on revenues of $325.5 million in Q1 2021. The company declared a quarterly cash dividend of $0.24 per share, payable on June 17, 2022. They also highlighted growth in cash and equivalents to $99.3 million and increased pipeline throughput. However, net cash from operations fell to $5.9 million, down from $23 million in the previous year.
Adams Resources & Energy, Inc. (AE) reported Q4 2021 net earnings of $2.8 million ($0.64/share) on revenues of $644.8 million, down from $5.8 million ($1.38/share) on $249.8 million in Q4 2020. For 2021, net earnings were $11.9 million ($2.75/share) on $2.03 billion in revenue, up from $1 million ($0.23/share) on $1.02 billion in 2020. Cash flow from operations reached $81 million. The company's cash position improved 149% to $97.8 million. Despite reductions in crude oil inventory, GulfMark's marketing increased to 91,640 bpd in Q4 2021. Adams declared a dividend of $0.24/share for Q4 2021, maintaining a strong liquidity of $131.7 million.
Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) declared a quarterly cash dividend of $0.24 per share for Q4 2021. This dividend will be payable on March 18, 2022, to shareholders on record by March 4, 2022. CEO Kevin J. Roycraft highlighted the company's commitment to shareholder returns, noting a consistent dividend payment for over 25 years. The company, involved in crude oil marketing and transportation, emphasizes its strong financial position as a foundation for this dividend declaration.
Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) reported Q3 2021 financial results, with net earnings of $1.5 million, or $0.36 per diluted share, from revenues of $568.2 million. This marks a decrease in earnings compared to $3.1 million, or $0.72 per share, on revenues of $266.9 million in Q3 2020. The company declared a cash dividend of $0.24 per share, payable on December 17, 2021. Cash and equivalents rose to $95.6 million, a 143% increase year-over-year. Despite operational challenges from Hurricane Ida, GulfMark maintained steady performance, marketing 91,941 bpd of crude oil.
On October 26, 2021, Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) announced a presentation by CEO Kevin Roycraft and CFO Tracy Ohmart at a Singular Research Webinar scheduled for October 27, 2021, at 3 p.m. ET. The event will be available online, and interested participants can contact Singular Research for details. A slide presentation will be accessible on the company's Investor Relations page before the webinar. Adams Resources specializes in crude oil marketing, transportation, and storage through its subsidiaries.
Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) reported Q2 2021 financial results with net earnings of $4.7 million, or $1.10 per diluted share, on revenues of $486.7 million, a significant increase from $3.5 million in Q2 2020. The company declared a quarterly cash dividend of $0.24 per share, payable on September 17, 2021. Notably, operating cash flow rose to $29.1 million compared to a negative cash flow in the same period last year. The company maintained $88.7 million in cash and cash equivalents, reflecting a 126% increase year-over-year.
Adams Resources & Energy reported Q1 2021 results, declaring a quarterly cash dividend of $0.24 per share, payable on June 18, 2021. The company achieved net earnings of $2.8 million on revenues of $325.5 million, reversing a net loss of $11.4 million in Q1 2020. Operating cash flow increased to $23.0 million, up from a loss in the prior year. The severe winter storm negatively impacted operations, causing downtime, while cash and equivalents rose 50% to $59.0 million. A new $40 million credit facility enhances financial flexibility.
On April 12, 2021, Adams Resources & Energy (NYSE AMERICAN: AE) announced its participation in the Singular Research 2021 Webinar. CEO Kevin Roycraft and CFO Tracy Ohmart will present on April 14, 2021, at 12 p.m. ET. Interested attendees can register for the live webcast on Singular Research's website. A slide presentation will be available on Adams' Investor Relations page shortly before the webinar. Adams Resources specializes in crude oil marketing, transportation, and storage through its subsidiaries.
Adams Resources & Energy reported a fourth quarter 2020 net earnings of $5.8 million ($1.37 per diluted share) on revenues of $249.8 million, up from a $2.7 million net profit in Q4 2019. For the full year 2020, earnings fell to $1.0 million ($0.23 per share) on revenues of $1.02 billion, a decline from $8.2 million in 2019. Adjusted net earnings improved significantly, showing a 199% growth in Q4. The company maintained a solid balance sheet with $39.3 million in cash. Strategic acquisitions in 2020 are expected to drive future growth.
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