Adams Resources Q1 revenue $661.1M, net loss narrows to $0.5M; declares $0.24 dividend

ADAMS RESOURCES & ENERGY, INC.

2024-Q1 EPS reported -$0.19 revenue$661,050,000

Total revenue $661.1M vs $650.2M Q1 2023, up 1.7%.
Net loss of $(0.5)M ($0.19 per share) improved from $(2.0)M ($0.79 per share) YoY.
EBITDA increased to $6.0M from $4.4M; includes $1.8M inventory gains vs $1.0M losses.
Declared quarterly cash dividend of $0.24 per share, payable June 28 to holders of record June 14.
Crude oil marketing volumes fell to 64,634 bpd from 94,030 bpd; pipeline throughput rose to 11,256 bpd.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADAMS RESOURCES & ENERGY, INC. reported the quarter ended March 31, 2024 results: revenue $661.1 million, net income ($0.5) million, EPS ($0.19) per common share.

Period: the quarter ended March 31, 2024
Revenue: $661.1 million
Net income: ($0.5) million
EPS: ($0.19) per common share
Result: reported results

Exact text from the filing

for the quarter ended March 31, 2024. The Company also declared a quarterly cash dividend of $0.24 per common share. First Quarter 2024 Financial Summary • Total revenue of $661.1 million, versus $650.2 million for the first quarter of 2023. • Net loss for the quarter improved $1.5 million year over year to ($0.5) million, or ($0.19) per common share. • EBITDA for

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Source: SEC EDGAR

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