Adams Resources & Energy, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
March 12, 2024
Share
Adams Resources & Energy, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 709.75 million compared to USD 747.72 million a year ago. Net loss was USD 0.874 million compared to USD 7.27 million a year ago.
Basic loss per share from continuing operations was USD 0.34 compared to USD 2.34 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 2.34 a year ago.
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.
ADAMS RESOURCES & ENERGY, INC. 
