Adams Resources (AE) Reports Q3 EPS of $0.92; CEO 'Chip' Wilson Comments
Get Alerts AE Hot Sheet
EPS Growth %: +150.9%
Financial Fact:
DIVIDENDS PER COMMON SHARE: 0.22
Today's EPS Names:
MAXN, CSTR, ACU, More
Join SI Premium – FREE
Adams Resources & Energy (NYSE: AE) reported Q3 EPS of $0.92, versus $1.70 reported last year. Revenue for the quarter came in at $3.28 million, versus $2.98 million reported last year.
President and Chief Executive Officer, F.T. "Chip" Webster, attributed the current quarter's earnings decline to a pre-tax, non-cash, inventory valuation loss of $4,203,000 as compared to a pre-tax inventory liquidation gain of $851,000 during the third quarter of 2013. Crude oil inventory values declined from an average of $100.63 per barrel as of June 30, 2014 to $86.06 per barrel for the September 30, 2014 valuation. Partially offsetting the inventory variance was the oil and gas segment benefiting from a $2,198,000 pre-tax gain on the sale of certain producing oil and gas properties.
For earnings history and earnings-related data on Adams Resources & Energy (AE) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- American Express (AXP) down despite beating Q1 estimates on top and bottom lines
- Schlumberger (SLB) earnings in-line, revenue beats expectations
- Wells Fargo sees near term downside for S&P 500, remains bullish long-term
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
Oil Inventories, Crude Oil, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!