Adams Resources & Energy Inc - Company Profile
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Adams Resources & Energy Inc (Adams Resources) is an energy company. It is involved in crude oil marketing and tank truck transportation. The company operates through owned subsidiaries to purchase crude oil and arrange sales and deliveries to refiners and other customers. It is engaged in the transportation of liquid chemicals and dry bulk. The company’s services are utilized by the refining community and petroleum producing companies. Adams Resources operations are concentrated primarily onshore in Texas, Oklahoma, North Dakota, Michigan, and Louisiana, with truck terminals in various locations. Adams is headquartered in Houston, Texas, United States.
Headquarters
United States of America
Address
17 S Briar Hollow Ln, Houston, Texas, 77027
Website
www.adamsresources.com
Telephone
1 713 8813600
No of Employees
741
Industry
Energy and Utilities
Revenue (2023)
$2.7B
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 |
|---|---|---|
| 2025 | Regulatory Approval | In January, the company secured stockholder's approval to be acquired by an affiliate of Tres Energy LLC. |
| 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. |
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 City | Kilgore | Houston | Dallas |
| State/Province | Texas | New York | Texas | Texas | Texas |
| No. of Employees | 741 | 1,797 | 1,679 | - | - |
| Entity Type | Private | Private | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Townes G. Pressler | Chairman | Executive Board | 2017 | 88 |
| Kevin J. Roycraft | Director; President; Chief Executive Officer | Executive Board | 2022 | 54 |
| Tracy E. Ohmart | Chief Financial Officer; Treasurer; Executive Vice President | Senior Management | 2018 | 56 |
| Mike Leggio | Chief Operating Officer | Senior Management | 2022 | - |
| Wade M. Harrison | President - Service Transport Company | Senior Management | 2020 | 49 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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