Stock Report: Adams Resources & Energy Inc. (AE) Report Updated: May 13, 2013 | Print This Page

Adams Resources & Energy, Inc., together with its subsidiaries, engages in marketing crude oil, natural gas, and petroleum products. It purchases crude oil, and arranges sales and deliveries to refiners and other customers in Texas and Louisiana with additional operations in Michigan and New Mexico; purchases, distributes, and markets natural gas; and offers value added services by providing access to common carrier pipelines and handling daily volume balancing requirements, as well as risk management services. The company also markets branded and unbranded refined petroleum products, such as motor fuels comprising automotive gasoline, biodiesel, and conventional diesel fuel; and lubricants consisting of passenger car motor oils, and industrial oils and greases. In addition, it involves in railroad servicing industry by fueling and lubricating locomotives, as well as performing routine maintenance on the power units; and operates as a direct-to-vessel marine fuel and lube vendor primarily in Texas Gulf Coast and southern Louisiana. Further, the company transports liquid chemicals on a ‘for hire’ basis in the continental United States and Canada, as well as engages in the exploration and development of domestic oil and natural gas properties primarily in Texas and the south central region of the United States. Adams Resources & Energy, Inc. was founded in 1973 and is headquartered in Houston, Texas.