Adams Resources (AE) Swings to Q3 Loss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- S&P 500, Dow rise as AI boost counters US-Iran tensions
- Oil rises, as US-Iran strikes risk limiting already impaired supplies
- Dell again lifts annual forecasts as AI demand powers record results
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
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
