Adams Resources & Energy (AE)

[drbubb]

MarketCap :: $24.30 x 4.2 million = $102.5 million

 

Yield: 1.73% : P/E Ratio: 13.14 :

 

chart ... update-2yrs-D

 

ADAMS RESOURCES & ENERGY, INC. and its subsidiaries are engaged in the business of oil and gas exploration and production, crude oil marketing, petroleum products marketing and tank truck transportation of petroleum products and liquid chemicals

 

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Corporate website :

Stockhse. b-board : http://www.stockhouse.com/bullboards/forum...le=AMEX&t=0

[drbubb]

Adams Resources Announces First Quarter Earnings

5/15/2007

 

HOUSTON, May 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

Adams Resources & Energy, Inc. (Amex: AE) announced first quarter 2007 unaudited net earnings of $912,000 or $.22 per common share on revenues of $486,366,000. This compares to unaudited first quarter 2006 net earnings of $3,644,000 or $.86 per common share.

 

Chairman and Chief Executive Officer, K.S. "Bud" Adams, Jr., attributed the earnings decline to reduced volumes and prices within the Company's oil and gas exploration and production operation. In addition, exploration expenses were increased by approximately $1.4 million in 2007 as the Company incurred additional dry hole costs and seismic expense.

 

A summary of operating results is as follows:

 

====================== First Quarter

.................................................. - - 2007 - - : - - 2006 - -

Operating Earnings (Loss)

Marketing.................................... $3,223,000 : $3,637,000

Transportation............................. .. $726,000 : $1,171,000

Oil and gas.................................. .. (520,000) : 2,805,000

General & administrative expenses (2,602,000) : (2,116,000)

Interest, net............................... .. $ 336,000 : .. $57,000

Income tax provision................... .. (251,000) (1,910,000)

 

Net earnings ............................... .. $912,000 : $3,644,000

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I like the chart, but these earning do not encourage me.