Summary
AE Chart
AE Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Adams Resources & Energy, Inc. is Fair to Shareholders
NEW YORK CITY, NY / ACCESSWIRE / November 13, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Adams Resources & Energy, Inc. (NYSE:AE) to an affiliate of Tres Energy LLC for $38.00 per share in cash is fair to Adams shareholders. Halper Sadeh encourages Adams shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Adams Resources & Energy, Inc. - AE
NEW YORK CITY, NY / ACCESSWIRE / November 13, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Adams Resources & Energy, Inc. (NYSE American: AE ), relating to the proposed merger with an affiliate of Tres Energy LLC.
Adams Resources & Energy (AE) Reports Q3 Loss, Tops Revenue Estimates
Adams Resources & Energy (AE) came out with a quarterly loss of $1.76 per share versus the Zacks Consensus Estimate of a loss of $0.56. This compares to loss of $0.72 per share a year ago.
Adams Resources & Energy Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Guillaume Binnendijk Cigogne Management SA | 47,914 | $1.81M | $1.81M | - | - |
Adams Resources & Energy Inc. (AE) FAQ
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Adams Resources & Energy Inc. Profile
| - Industry | - Sector | Mr. Kevin J. Roycraft CEO | AMEX Exchange | 006351308 CUSIP |
| United States Country | 741 Employees | 20 Dec 2024 Last Dividend | 7 Feb 1992 Last Split | - IPO Date |
Overview
Adams Resources & Energy, Inc. is a company steeped in the business of dealing with crude oil and related products within the United States. Founded in 1947, the company has carved a niche for itself through the marketing, transportation, terminalling, and storage of crude oil, engaging with a variety of customers, including refiners. Its operations, spread across key states such as Texas, North Dakota, Michigan, Wyoming, Colorado, and Louisiana, are segmented into Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing. Adams Resources & Energy, Inc. is headquartered in Houston, Texas, situating itself at the heart of America's energy corridor, leveraging its strategic location to optimize its operations within the ever-dynamic energy sector.
Products and Services
- Crude Oil Marketing:
- Transportation Services:
- Pipeline and Storage:
- Logistics and Repurposing:
Adams Resources & Energy, Inc. specializes in the purchase and sale of crude oil, catering to refiners and various customers across the United States. This includes significant operations onshore in critical areas like Texas, North Dakota, and Louisiana, among others, ensuring a consistent supply of crude oil in response to market demand.
The company boasts a robust fleet of 164 tractor-trailer rigs dedicated to the transportation of crude oil and other petroleum products. Operations extend beyond the transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk, catering to needs in the United States, Canada, and Mexico on a hire basis. This comprehensive service ensures the efficient movement of products across a broad geographical area.
Through owning and operating a crude oil and condensate pipeline system, Adams Resources & Energy, Inc. connects the productive Eagle Ford Basin to the Gulf Coast waterborne market. This system is not only vital for the transportation of oil but also provides crucial storage solutions, maintaining inventory locations and injection stations that are essential for managing supply chain requirements and ensuring product security.
In addition to its primary services, the company extends its expertise to the logistics and repurposing segment, operating several truck terminals across various strategic locations including Houston, Corpus Christi, and Baton Rouge, among others. These operations enhance its ability to manage the logistics of petroleum product transportation efficiently, offering repurposing solutions that cater to the evolving needs of the market.
