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Adams Resources & Energy, Inc. Announces Fourth Quarter And Full Year 2023 Results [Yahoo! Finance]

Adams Resources & Energy, Inc. (AE) 
NASDAQ:AMEX Investor Relations: adamsresources.com/investor-relations
Company Research Source: Yahoo! Finance
HOUSTON March 13, 2024 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (" Adams " or the "Company"), a company engaged in marketing, transportation, logistics and repurposing of crude oil, refined products and dry bulk materials, today announced operational and financial results for the quarter and year ended December 31 Fourth Quarter 2023 Financial Summary Total revenue of $709.8 million , versus $747.7 million for the fourth quarter of 2022. Net loss for the quarter improved $6.4 million year-over-year to ($0.9) million , or per common share. Adjusted net earnings of $0.1 million , or per diluted common share, compared to adjusted net loss of ($2.7) million , or per common share, for the prior-year quarter. Net cash provided by operating activities of $22.4 million , versus net cash used in operating activities of $2.1 million for the fourth quarter of 2022. Cash and cash equivalents of $33.3 million at December 31, 2023 versus $20.5 million at Decem Show less Read more
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