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Adams Resources & Energy (AE)
NYSE MKT:AE
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.17Last Year’s EPS
$0.03Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 1.33%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong performance in cash position, GulfMark Energy, and VEX Pipeline, but was offset by a net loss, challenges in the hydrocarbon repurposing segment, and increased general and administrative expenses.Company Guidance
During the Adams Resources & Energy Q2 2024 earnings call, the management provided several key financial metrics and insights into the company's performance and outlook. Adjusted EBITDA for the second quarter was $5 million, a rise from $4.2 million in Q1, despite a $0.8 million self-insured retention expense. The company reported total revenue of $718.5 million, up from $624.8 million in the prior year, driven by higher crude oil prices. Cash and liquidity positions improved, with available cash increasing by $1.9 million to $38.5 million and liquidity rising by $4.9 million to $88.5 million. The GulfMark Energy segment was a standout, contributing approximately 80% of the company's EBITDA, with trucking volumes increasing from 64,634 to 67,099 barrels per day. However, the Phoenix Oil segment continued to face challenges, and Firebird Bulk Carriers struggled due to additional retention expenses. The company remains optimistic about future improvements, particularly in the chemical transport and crude oil transportation sectors, as market conditions are anticipated to improve.Improved Cash Position
Adams' available cash grew by $1.9 million versus Q1, ending the second quarter with $38.5 million in unrestricted cash. Liquidity improved by $4.9 million from $83.6 million at March 31, 2024, to $88.5 million.
GulfMark Energy Performance
GulfMark Energy experienced significant improvement with volumes growing from 64,634 barrels per day to 67,099 barrels per day. This segment accounted for approximately 80% of the company's EBITDA for the quarter.
VEX Pipeline Throughput Increase
Throughput on the VEX Pipeline grew by over 20% in each of the previous two quarters, reaching 13,881 barrels per day in Q2.
Reduced Interest Expense
Interest expense decreased to $671,000 for the second quarter of 2024 versus $802,000 in the prior year quarter due to lower borrowings.
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AE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $36.81 | $36.81 | 0.00% |
| Aug 07, 2024 | $23.47 | $22.73 | -3.15% |
| May 08, 2024 | $27.97 | $27.78 | -0.68% |
| Mar 13, 2024 | $24.12 | $23.90 | -0.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Adams Resources & Energy (AE) report earnings?
Adams Resources & Energy (AE) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Adams Resources & Energy (AE) earnings time?
Adams Resources & Energy (AE) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AE EPS forecast?
AE EPS forecast for the fiscal quarter 2024 (Q4) is $0.17.
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