Adams Resources (AE) Declares $0.22 Quarterly Dividend; 1.9% Yield
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Adams Resources Announces Dividend and Third Quarter 2015 Earnings
November 5, 2015 5:39 PM ESTHOUSTON, Nov. 5, 2015 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE MKT: AE) announced a third quarter 2015 unaudited net loss of $308,000 or $0.07 per common share. The current loss compares to third quarter 2014 unaudited net earnings of $3,855,000 or $.92 per common share. For the nine months ended September 30, 2015, net earnings were $7,129,000 or $1.69 per common share. Â
Thomas S. Smith, President and Chief Executive Officer, attributed the current loss to reduced prices for crude oil and natural gas produced and sold. The Company also experienced narrowed margins and reduced volumes within its marketing and transportation segments.... More
