Company:Adams Resources & Energy

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Short description: Energy company
Adams Resources and Energy, Inc.
TypePublic
NYSE: AE
Russell 2000 Index component
Founded1947 (1947)[1]
FounderBud Adams
HeadquartersHouston, Texas
Area served
Global
RevenueDecrease$1.944 Billion (2015)[2]
Decrease $0.009 Billion (2015)[3]
Decrease $-0.001 Billion (2015)[3]
Total assetsDecrease $0.243 Billion (2015)[2]
Total equityDecrease $0.152 Billion (2015)[2]
OwnerBud Adams' heirs (via KSA Industries, Inc.): (39%)[4]
Number of employees
809 (2016)[5]
SubsidiariesGulfmark Energy, Inc.
Websitewww.adamsresources.com

Adams Resources and Energy, Inc. is a Russell 2000 Index company engaged in the marketing of crude oil, natural gas and liquid chemical products. Adams was founded by Kenneth Stanley "Bud" Adams Jr. in 1947, as the wildcatting firm ADA Oil Company[6][7] It went public in 1974. Bud Adams served as the company's chief executive officer for more than half a century.[8][9] The Company and its subsidiaries presently have over 800 employees.

The Company's GulfMark Energy, Inc. subsidiary is engaged in crude oil marketing, transportation, terminalling and storage in various crude oil and natural gas basins in the lower 48 states of the United States ("U.S.”) and arranges sales and deliveries to refiners and other customers. GulfMark purchases approximately 95,000 barrels per day at the wellhead.[10] Adams has interests in 298 oil wells and it operates 42 of these.[11]

The Company's Service Transport subsidiary transports liquid chemicals, pressurized gases, asphalt and dry bulk primarily in the lower 48 states of the U.S. with deliveries into Canada and Mexico, and with fifteen terminals across the U.S.[10]

References

  1. ↑ "Corporate Profile". Adams Resources. Archived from the original on 1 March 2015. https://web.archive.org/web/20150301215110/http://adamsresources.com/index.php/ARE-Basic/corporate-profile.html. Retrieved 13 March 2015. 
  2. ↑ 2.0 2.1 2.2 "Financial Statements for Adams Resources & Energy - Morningstar". Morningstar.com. 2015-12-31. http://financials.morningstar.com/income-statement/is.html?t=AE. 
  3. ↑ 3.0 3.1 "Financials for Adams Resources & Energy". Google Finance. 2015-12-31. https://www.google.com/finance?q=AE&fstype=ii. 
  4. ↑ 2018 Proxy statement
  5. ↑ "Fortune 1000 page for Adams Resources & Energy". Fortune. 2016-12-31. http://beta.fortune.com/fortune500/2016/adams-resources-energy-983/. 
  6. ↑ "Our History | Adams Resources & Energy". https://www.adamsresources.com/our-history/. Retrieved 26 April 2018. 
  7. ↑ "StackPath". https://www.bulktransporter.com/fleet-management/article/21254327/adams-resources-energy-buys-back-stock-from-founder-bud-adams-family. 
  8. ↑ Hoffmann, Frank; Falk, Gerhard; Manning, Martin J. (2013) (in en). Football and American Identity. New York: Routledge. pp. 125. ISBN 978-0-7890-2526-5. 
  9. ↑ Horrow, Rick (2011) (in en). When the Game is on the Line: From the Man Who Brought the Heat to Miami and the Browns Back to Cleveland. New York: Morgan James Publishing. pp. 174. ISBN 978-1-60037-899-7. 
  10. ↑ 10.0 10.1 "Corporate Profile". http://www.adamsresources.com/index.php/ARE_Basic/corporate-profile.html. Retrieved 12 March 2017. 
  11. ↑ Plunkett, Jack W. (2006) (in en). Plunkett's Energy Industry Almanac 2007: Energy Industry Market Research, Statistics, Trends and Leading Companies. Houston, TX: Plunkett Research, Ltd.. ISBN 978-1-59392-402-7. 

External links



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