Adams Resources (AE) Reports Q4 Loss of $0.04/Share

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Adams Resources Announces Fourth Quarter 2016 Results

March 15, 2017 5:24 PM EDT

HOUSTON, March 15, 2017 /PRNewswire/ -- Adams Resources & Energy, Inc., (NYSE MKT: AE) ("Adams" or the "Company") announced an unaudited fourth quarter 2016 net loss of $0.2 million or $0.04 per common share on revenues of $299.0 million.  This compares to an unaudited net loss of $8.4 million or $1.99 per common share on revenues of $348.3 million for the fourth quarter of 2015.  For the full year 2016, the Company had net income of $2.5 million or $0.60 per share on revenues of $1.1 billion.

2016 Highlights:

Gross revenues of over $1 billion for the full year ended December 31, 2016 Adams Resources & Energy, Inc's... More