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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Adams Resources and Energy Inc | AMEX:AE | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.83 | -2.87% | 28.07 | 28.90 | 28.07 | 28.90 | 1,375 | 21:15:11 |
ADAMS RESOURCES & ENERGY, INC.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-7908
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74-1753147
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(State or other jurisdiction of incorporation)
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(Commission file
number)
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(IRS employer
identification no.)
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17 S. Briar Hollow Lane, Houston, Texas
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77027
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(Address of principal executive offices)
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(Zip code)
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(713) 881-3600
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(Registrant’s telephone number, including area code)
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[ ]
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act
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Item 2.02.
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Results of Operations and Financal Condition.
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ADAMS RESOURCES & ENERGY. INC.
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May 7, 2015
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BY: /s/ Richard B. Abshire
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Richard B. Abshire
|
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Chief Financial Officer
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First Quarter
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2015
|
2014
|
|||||||
Operating Earnings (Expense)
|
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Crude oil marketing
|
$ | 8,848,000 | $ | 9,370,000 | ||||
Transportation
|
1,125,000 | 1,175,000 | ||||||
Oil and gas
|
(1,725,000 | ) | 121,000 | |||||
Administrative expenses
|
(3,331,000 | ) | (2,254,000 | ) | ||||
4,917,000 | 8,412,000 | |||||||
Interest income (expense), net
|
74,000 | 42,000 | ||||||
Income tax (provision) benefit
|
(1,894,000 | ) | (3,091,000 | ) | ||||
Net earnings
|
$ | 3,097,000 | $ | 5,363,000 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF EARNINGS
|
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(In thousands, except per share data)
|
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Three Months Ended
|
||||||||
March 31,
|
March 31,
|
|||||||
2015
|
2014
|
|||||||
Revenues
|
$ | 555,573 | $ | 949,189 | ||||
Costs, expenses and other
|
(550,582 | ) | (940,735 | ) | ||||
Income tax (provision)
|
(1,894 | ) | (3,091 | ) | ||||
Net earnings
|
$ | 3,097 | $ | 5,363 | ||||
Earnings per share:
|
||||||||
Basic and diluted net earnings per common share
|
$ | .73 | 1.27 | |||||
Dividends per common share
|
$ | .22 | $ | .22 |
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
|
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(In thousands)
|
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March 31,
|
December 31,
|
|||||||
2015
|
2014
|
|||||||
ASSETS
|
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Cash and marketable securities
|
$ | 88,132 | $ | 80,184 | ||||
Other current assets
|
144,629 | 170,761 | ||||||
Total current assets
|
232,761 | 250,945 | ||||||
Net property & equipment
|
81,635 | 84,871 | ||||||
Deposits and other assets
|
5,128 | 4,998 | ||||||
$ | 319,524 | $ | 340,814 | |||||
LIABILITIES AND EQUITY
|
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Total current liabilities
|
$ | 146,054 | $ | 168,603 | ||||
Deferred tax and other liabilities
|
13,803 | 14,714 | ||||||
Shareholders’ equity
|
159,667 | 157,497 | ||||||
$ | 319,524 | $ | 340,814 |
1 Year Adams Resources and Energy Chart |
1 Month Adams Resources and Energy Chart |
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