STOCK TITAN

Adams Res & Ener - AE STOCK NEWS

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.

About Adams Resources & Energy, Inc. (AE)

Adams Resources & Energy, Inc. (NYSE American: AE) is a diversified energy logistics and services company headquartered in Somerville, Texas. Through its integrated subsidiaries, the company operates across the crude oil value chain, offering a comprehensive suite of services that include crude oil marketing, transportation, terminalling and storage, as well as the recycling and repurposing of off-specification fuels, lubricants, and chemicals. Adams’ operations are strategically designed to address the logistical and sustainability challenges of the energy and chemical sectors, providing tailored solutions for businesses across these industries.

Core Business Operations

Adams Resources & Energy operates through several key subsidiaries, each specializing in a distinct aspect of the energy logistics ecosystem:

  • GulfMark Energy, Inc.: Focuses on crude oil marketing, transportation, and logistics, serving as a vital link between oil producers and refineries.
  • Service Transport Company: Provides tank truck transportation for liquid chemicals, dry bulk materials, and other specialized cargo, ensuring safe and efficient delivery.
  • GulfMark Terminals, LLC and Victoria Express Pipeline, LLC: Offer terminalling, storage, and pipeline services to streamline the movement of crude oil and refined products.
  • Phoenix Oil, Inc. and Firebird Bulk Carriers, Inc.: Specialize in recycling and repurposing off-specification fuels, lubricants, and chemicals, aligning with sustainability initiatives and reducing environmental impact.

Market Position and Industry Context

Operating within the dynamic energy and logistics industries, Adams Resources & Energy is positioned as a key player in the movement and repurposing of crude oil and related products. The company’s integrated approach allows it to offer end-to-end solutions, from crude oil marketing to bulk transportation and recycling. This strategic alignment not only enhances operational efficiency but also differentiates Adams from competitors in a highly competitive market. By addressing critical industry needs such as sustainability and efficient logistics, Adams is well-positioned to navigate the cyclical nature of the energy sector.

Value Proposition

Adams Resources & Energy delivers value through its ability to integrate marketing, transportation, and recycling services into a cohesive operational model. This approach ensures that clients benefit from streamlined logistics, reduced environmental impact, and cost-effective solutions. Additionally, the company’s commitment to sustainability through repurposing initiatives positions it as a forward-thinking entity in an industry increasingly focused on environmental stewardship.

Challenges and Opportunities

While Adams Resources & Energy faces challenges such as fluctuating oil demand, regulatory pressures, and economic volatility, its diversified service offerings and strong financial position provide resilience. The company’s focus on sustainability and operational efficiency aligns with broader industry trends, offering opportunities for growth and differentiation in the long term.

Conclusion

Adams Resources & Energy, Inc. represents a dynamic and integrated approach to energy logistics and repurposing. Through its subsidiaries, the company addresses critical industry needs while positioning itself for sustainable growth. Its commitment to innovation, environmental responsibility, and operational excellence makes it a significant player in the energy and logistics sectors.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
conferences
-
Rhea-AI Summary
Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) announced Q3 2023 operational and financial results, including $760.6 million in total revenue, $2.3 million in net earnings, and a quarterly cash dividend of $0.24 per common share. GulfMark marketed 92,556 bpd of crude oil, Service Transport traveled 6.51 million miles, and the VEX Pipeline System throughput was 8,548 bpd. The Company's liquidity was $55.9 million at September 30, 2023. The outlook indicates a gradual recovery starting late in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
dividends earnings
-
Rhea-AI Summary
Adams Resources & Energy, Inc. will report its Q3 2023 financial and operational results on November 8, 2023, after the market closes. The earnings call will take place on November 9th at 9:00 a.m. ET. The financial results will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
Rhea-AI Summary
Adams Resources & Energy, Inc. announced that its CEO and President, Kevin Roycraft, and CFO & Treasurer, Tracy Ohmart, will participate in the 14th Annual Midwest IDEAS Conference on August 23-24, 2023 in Chicago. They will present on August 23rd at 11:20 am CT and hold meetings with investors throughout the day. The presentation will be webcast and accessible through the conference website and the company's investor relations section.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
dividends earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
conferences

FAQ

What is the current stock price of Adams Res & Ener (AE)?

The current stock price of Adams Res & Ener (AE) is $37.98 as of February 5, 2025.

What is the market cap of Adams Res & Ener (AE)?

The market cap of Adams Res & Ener (AE) is approximately 97.8M.

What does Adams Resources & Energy, Inc. do?

Adams Resources & Energy, Inc. provides crude oil marketing, transportation, terminalling, and recycling services through its integrated subsidiaries.

How does Adams Resources generate revenue?

The company generates revenue through crude oil marketing margins, transportation fees, storage services, and recycling of off-specification materials.

What industries does Adams Resources serve?

Adams Resources serves the energy and chemical industries, providing logistics, marketing, and recycling solutions for crude oil and related products.

What sets Adams Resources apart from competitors?

Adams Resources differentiates itself through its integrated business model, combining marketing, logistics, and recycling services to offer end-to-end solutions.

How does Adams Resources address sustainability?

The company focuses on recycling and repurposing off-specification fuels, lubricants, and chemicals, reducing environmental impact and aligning with sustainability trends.

What are the main subsidiaries of Adams Resources?

Key subsidiaries include GulfMark Energy, Service Transport, GulfMark Terminals, Victoria Express Pipeline, Phoenix Oil, and Firebird Bulk Carriers.

What are the challenges faced by Adams Resources?

The company faces challenges such as fluctuating oil demand, regulatory requirements, and economic volatility, common in the energy sector.

What opportunities exist for Adams Resources in the future?

Adams Resources is well-positioned to leverage sustainability trends and operational efficiencies to grow its market presence and services.
Adams Res & Ener

NYSE:AE

AE Rankings

AE Stock Data

97.77M
2.42M
5.91%
54.23%
0.54%
Oil & Gas Refining & Marketing
Wholesale-petroleum & Petroleum Products (no Bulk Stations)
Link
United States
HOUSTON