Adams Resources & Energy Inc (A:AE)
Business Focus: Petroleum Product Wholesale
| Sector: Energy | Industry: Oil & Gas Refining and Marketing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 17 S Briar Hollow Ln HOUSTON TX 77027 |
| Tel: | 1-713-8813609 |
| Website: | https://www.adamsresources.com |
| IR: | See website |
| Key People | ||
| Townes G. Pressler Chairman of the Board | Kevin J. Roycraft President, Chief Executive Officer, Director | Tracy E. Ohmart Chief Financial Officer, Executive Vice President, Treasurer |
| Wade M. Harrison President of Service Transport Company | Greg L. Mills President of GulfMark Energy, Inc. | |
| Business Overview |
| Adams Resources & Energy, Inc. is engaged in crude oil marketing, truck, and pipeline transportation, terminalling and storage in various crude oil and natural gas basins in the lower 48 states of the United States. The Company also conducts tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk primarily in the lower 48 states of the United States, with deliveries into Canada and Mexico, and with 17 terminals across the United States. Its segments include crude oil marketing, transportation, and storage; tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; pipeline transportation, terminalling and storage of crude oil, and interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, and other chemicals. Its subsidiaries include Service Transport Company, Ada Resources, Inc., and Phoenix Oil, Inc. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Adams Resources & Energy Inc revenues decreased 18% to $2.75B. Net income decreased 94% to $212K. Revenues reflect Crude oil marketing segment decrease of 20% to $2.59B, Transportation segment decrease of 12% to $98.4M. Net income also reflects Transportation segment income decrease of 53% to $5.1M, Logistics and repurposing segment loss totaling $934K vs. income of $303K. |
| Employees: | 741 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $89.76M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,745M as of Dec 31, 2023 |
| EBITDA (TTM): | $30.66M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.21M as of Dec 31, 2023 |
| Free cash flow (TTM): | $15.86M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $14.51M as of Dec 31, 2023 |
| Shares outstanding: | 2,566,649 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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