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Adams Resources & Energy Q3 2023 Earnings Report

Adams Resources & Energy logo
$37.30 +0.09 (+0.24%)
(As of 12/20/2024 04:32 PM ET)

Adams Resources & Energy EPS Results

Actual EPS
-$0.87
Consensus EPS
-$0.28
Beat/Miss
Missed by -$0.59
One Year Ago EPS
N/A

Adams Resources & Energy Revenue Results

Actual Revenue
$760.61 million
Expected Revenue
$700.06 million
Beat/Miss
Beat by +$60.55 million
YoY Revenue Growth
N/A

Adams Resources & Energy Announcement Details

Quarter
Q3 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Adams Resources & Energy Earnings Headlines

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Adams Resources & Energy Reports Q3 2024 Earnings
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About Adams Resources & Energy

Adams Resources & Energy (NYSE:AE), through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing. It purchases and sells crude oil to refiners and other customers primarily onshore in Texas, North Dakota, Michigan, Wyoming, Colorado, and Louisiana; owns and operates a fleet of 164 tractor-trailer rigs; and maintains pipeline inventory locations and injection stations. The company also transports liquid chemicals, pressurized gases, asphalt, and dry bulk on a hire basis in the United States, Canada, and Mexico; and operates truck terminals in Houston, Corpus Christi, Nederland, Freeport, Baton Rouge, St. Rose, Sterlington, Jacksonville, Tampa, Augusta, Mobile, Charlotte, Cincinnati, South Charleston, Memphis, East St. Louis, and Joliet. In addition, it operates crude oil and condensate pipeline system, which connects the Eagle Ford Basin to the Gulf Coast waterborne market; and transports crude oil, condensate, fuels, oils, and other petroleum products on a for hire basis in the Eagle Ford basin. The company was founded in 1947 and is headquartered in Houston, Texas.

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