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Stock impact report

Adams Resources & Energy, Inc. Announces Third Quarter 2024 Results and Declares Quarterly Dividend

Adams Resources & Energy, Inc. (AE) 
NASDAQ:AMEX Investor Relations: adamsresources.com/investor-relations
Company Research Source: GlobeNewswire
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”), a company engaged in marketing, transportation, logistics and repurposing of crude oil, refined products and dry bulk materials, today announced operational and financial results for the quarter ended September 30, 2024. The Company also declared a quarterly cash dividend of $0.24 per common share. Third Quarter 2024 Financial Summary Total revenue of $695.2 millionNet loss of $4.5 million, or ($1.76) per common shareEBITDA of $0.2 millionAdjusted EBITDA of $2.3 million, which excludes inventory valuation lossesCash and cash equivalents of $25.1 million, versus $33.3 million at December 31, 2023Liquidity of $73.6 million, versus $80.3 million at December 31, 2023Paid cash dividends of $0.24 per share EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and Adjusted EBITDA are non-generally accepted accounting principle (“non-GAAP”) financial Show less Read more
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