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Adams Resources: Q4 Earnings Snapshot

Associated Press Finance
·1-min read

HOUSTON (AP) — HOUSTON (AP) — Adams Resources & Energy Inc. (AE) on Wednesday reported a loss of $874,000 in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 34 cents. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The oil and gas company posted revenue of $709.8 million in the period.

For the year, the company reported profit of $212,000, or 8 cents per share. Revenue was reported as $2.75 billion.

Adams Resources shares have dropped 5.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.74, a drop of 50% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AE at https://www.zacks.com/ap/AE