Adams Resources: 4Q Earnings Snapshot
HOUSTON (AP) _ Adams Resources & Energy Inc. (AE) on Thursday reported fourth-quarter net income of $2.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Houston-based company said it had net income of 63 cents. Earnings, adjusted for non-recurring gains, were 22 cents per share.
The oil and gas company posted revenue of $431.3 million in the period.
For the year, the company reported profit of $8.2 million, or $1.94 per share. Revenue was reported as $1.81 billion.
Adams Resources shares have decreased 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.41, a fall of 31% in the last 12 months.