Adams Resources & Energy Inc - Company Profile
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Adams Resources & Energy Inc (ARE) is an energy company that carries out tank truck transportation of liquid chemicals and dry bulk, and marketing of crude oil and dry bulk with deliveries into Canada and Mexico, and with terminals in the Gulf Coast region. The company purchases crude oil and sells it to customers in Texas, Oklahoma, North Dakota, Michigan, and Louisiana. Transportation services are offered to customers under multiple-load contracts. The company markets its products to major oil and chemical companies and large and mid-sized industrial companies. ARE is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
17 S Briar Hollow Ln, Houston, Texas, 77027-3155
Website
www.adamsresources.com
Telephone
1 713 8813600
No of Employees
882
Industry
Energy and Utilities
Ticker Symbol & Exchange
AE (AFM)
Revenue (2022)
$3.4B
66.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-70.7%
(2022 vs 2021)
Market Cap*
$74.5M
Net Profit Margin (2022)
XYZ
-83.1%
(2022 vs 2021)
* As of and is in US$
Adams Resources & Energy Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Transportation |
| Storage |
| Marketing |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Asset Purchase | In May, Phoenix Oil acquired 11 acres at Gulf Inland Logistics Park in Dayton, Texas, the US. |
| 2022 | Acquisitions/Mergers/Takeovers | In August, the company through GulfMark Asset Holdings, Inc. completed the acquisition of Firebird Bulk Carriers, Inc and Phoenix Oil, Inc. |
| 2020 | Asset Purchase | In October, the company through its subsidiaries GulfMark Energy and its wholly owned subsidiary GulfMark Terminals acquired certain related pipeline terminal facility assets from EnLink Midstream Operating, L.P. |
Competitor Comparison
| Key Parameters | Adams Resources & Energy Inc | Hess Corp | Martin Midstream Partners LP | Enbridge Energy Partners LP | Energy Transfer Operating LP |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Houston | New York | Kilgore | Houston | Dallas |
| State/Province | Texas | New York | Texas | Texas | Texas |
| No. of Employees | 882 | 1,623 | 1,570 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Townes G. Pressler | Chairman | Executive Board | 2017 | 87 |
| Kevin J. Roycraft | Chief Executive Officer; Director; President | Executive Board | 2022 | 53 |
| Tracy E. Ohmart | Chief Financial Officer; Executive Vice President; Treasurer | Senior Management | 2018 | 55 |
| Mike Leggio | Chief Operating Officer | Senior Management | 2022 | - |
| Wade M. Harrison | President - Service Transport Company | Senior Management | 2020 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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