secwatch.observer — SEC 8-K summary
======================================

Issuer:     ADAMS RESOURCES & ENERGY, INC. (—)
CIK:        0000002178
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000002178-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2178/000000217824000052/0000002178-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2178/000000217824000052/ae-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000002178-24-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer