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Private company

ADAMS RESOURCES & ENERGY, INC.

ADAMS RESOURCES & ENERGY, INC. is an American wholesale-petroleum and petroleum products company.1 It is headquartered in Houston, Texas.1

Last updated Oct 21, 2026.

Overview

  • IndustryWholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • HeadquartersHouston, Texas1
  • Incorporated inDE2
  • Business address2727 Allen Parkway, 9Th Floor, Houston, Tx 770192
  • Filer categoryAccelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

0.1%Operating margin4
0.0%Net margin4
-18.5%Revenue growth, 20234
0.2%Return on equity4
0.24×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs100¢$2.7B
  • Interest0¢$3.4M
  • Income tax0¢$274.0K
  • Profit0¢$212.0K

Out of $2.7B in revenue.4

Where each dollar of operating cash went, fiscal 2023

  • Dividends paid8¢$2.5M
  • Kept or used elsewhere92¢$27.8M

Out of $30.3M of cash from operations.4

Financial statements

Revenue56784$2.7B in 2023+108% since 2017
0$1.0B$2.0B$3.0B$4.0B2017: $1.3B$1.3B20172018: $1.8B$1.8B2018+32%2019: $1.8B$1.8B2019+3%2020: $1.0B$1.0B2020−44%2021: $2.0B$2.0B2021+98%2022: $3.4B$3.4B2022+66%2023: $2.7B$2.7B2023−18%
Operating income56784$2.4M in 2023+60% since 2017
-$10.0M0$10.0M$20.0M2017: $1.5M$1.5M20172018: $1.4M$1.4M2018−6%2019: $7.8M$7.8M2019+454%2020: -$5.7M-$5.7M20202021: $16.2M$16.2M20212022: $5.8M$5.8M2022−64%2023: $2.4M$2.4M2023−58%
Net income56784$212.0K in 2023
-$5.0M0$5.0M$10.0M$15.0M2017: -$482.0K-$482.0K20172018: $2.9M$2.9M20182019: $8.2M$8.2M2019+179%2020: $995.0K$995.0K2020−88%2021: $11.9M$11.9M2021+1095%2022: $3.5M$3.5M2022−71%2023: $212.0K$212.0K2023−94%
Fiscal year2017201820192020202120222023
Revenue$1.3B5$1.8B6$1.8B7$1.0B8$2.0B4$3.4B4$2.7B4
Operating expenses$2.0B4$3.4B4$2.7B4
Operating income$1.5M5$1.4M6$7.8M7-$5.7M8$16.2M4$5.8M4$2.4M4
Interest$27.0K5$109.0K6$636.0K7$444.0K8$746.0K4$1.3M4$3.4M4
Income before tax$15.7M4$5.4M4$486.0K4
Income tax-$2.9M5$509.0K6$2.3M7-$6.5M8$3.8M4$1.9M4$274.0K4
Net income-$482.0K5$2.9M6$8.2M7$995.0K8$11.9M4$3.5M4$212.0K4
Earnings per share-$0.115$0.706$1.947$0.238$2.784$0.864$0.084
Earnings per share (diluted)-$0.115$0.706$1.947$0.238$2.754$0.854$0.084
Shares (weighted, basic)4.3M shares44.1M shares42.5M shares4
Shares (weighted, diluted)4.3M shares44.1M shares42.6M shares4

Compare ADAMS RESOURCES & ENERGY, INC. with another company

Corporate structure

ADAMS RESOURCES & ENERGY, INC. sits at the top of its group. 15 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ADAMS RESOURCES & ENERGY, INC.

  • NEEDHAM INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on ADAMS RESOURCES & ENERGY, INC., latest May 14, 2025 (4 filings since Oct 6, 2023)
  • RENAISSANCE TECHNOLOGIES LLC Filed SCHEDULE 13G/A on ADAMS RESOURCES & ENERGY, INC., latest May 14, 2025 (4 filings since Feb 11, 2022)
  • AEGIS FINANCIAL CORP Filed SCHEDULE 13G/A on ADAMS RESOURCES & ENERGY, INC., latest Feb 12, 2025 (4 filings since Feb 10, 2023)
  • THG Securities Fund, L.P. Filed SC 13D/A on ADAMS RESOURCES & ENERGY, INC., latest Dec 13, 2024 (3 filings since Jun 27, 2024)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on ADAMS RESOURCES & ENERGY, INC., latest Oct 31, 2024 (5 filings since Feb 8, 2022)
  • FMR LLC Filed SC 13G/A on ADAMS RESOURCES & ENERGY, INC., latest Feb 9, 2024 (3 filings since Feb 9, 2022)
  • KSA Industries, Inc. Filed SC 13D/A on ADAMS RESOURCES & ENERGY, INC., latest Nov 2, 2022 (2 filings since May 6, 2022)
  • ADAMS RESOURCES & ENERGY, INC. Houston, Texas
    • Ada Crude Oil Company Subsidiary · Texas, United States
    • Ada Mining Corporation Subsidiary · Texas, United States
    • Ada Resources, Inc. Subsidiary · Texas, United States
    • Adams Resources Medical Management, Inc. Subsidiary · Texas, United States
    • ARE Captive, Inc. Subsidiary · Texas, United States
    • Classic Coal Corporation Subsidiary · Delaware, United States
    • Firebird Bulk Carriers, Inc. Subsidiary · Texas, United States
    • GulfMark Asset Holdings, LLC Subsidiary · Texas, United States
    • GulfMark Energy, Inc. Subsidiary · Texas, United States
    • GulfMark Terminals, LLC Subsidiary · Texas, United States
    • Phoenix Oil, Inc. Subsidiary · Texas, United States
    • Red River Vehicle Holdings LLC Subsidiary · Texas, United States
    • Service Transport Company Subsidiary · Texas, United States
    • Victoria Express Pipeline L.L.C. Subsidiary · Texas, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ADAMS RESOURCES & ENERGY, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$106.4M8 Dec 31, 2022$88.0M8 Dec 31, 2021+20.9%
Finance-lease assets$24.7M4 Dec 31, 2023$15.3M4 Dec 31, 2022+61.7%
Operating-lease assets (leased space)$5.8M4 Dec 31, 2023$7.7M4 Dec 31, 2022−24.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$33.3M4 Dec 31, 2023$20.5M4 Dec 31, 2022+62.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$6.7M4 Dec 31, 2023$6.4M4 Dec 31, 2022+3.8%
Intangible assets, net (excluding goodwill)$8.0M4 Dec 31, 2023$9.7M4 Dec 31, 2022−18.1%
Finite-lived intangibles, gross$12.5M4 Dec 31, 2023$12.5M4 Dec 31, 20220%
Accumulated amortization$4.5M4 Dec 31, 2023$2.7M4 Dec 31, 2022+64.3%
Finite-lived intangibles, net$8.0M4 Dec 31, 2023$9.7M4 Dec 31, 2022−18.1%

Leadership

Who has led ADAMS RESOURCES & ENERGY, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth S. Adams Jr.2007
  2. Frank T. Webster2012
  3. Kevin J. Roycraft2020–2025

Chair

  1. Townes G. Pressler2017–2019

President

  1. Geoffrey Griffith2017–2019
  2. Kevin J. Roycraft2017–2025
  3. Wade M. Harrison2020–2025
  4. Trey T. Bosard2022–2025

Chief financial officer

  1. Josh C. Anders2017
  2. Tracy E. Ohmart2018–2025

Chief operating officer

  1. Frank T. Webster2012
  2. Sharon C. Davis2017–2022
  3. Michael F. Leggio Iii.2022–2025
2010201520202025
Board members and other officers (14)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ARE Captive, Inc. Texas3
  • Ada Crude Oil Company Texas3
  • Ada Mining Corporation Texas3
  • Ada Resources, Inc. Texas3
  • Adams Resources Medical Management, Inc. Texas3
  • Classic Coal Corporation Delaware3
  • Firebird Bulk Carriers, Inc. Texas3
  • GulfMark Asset Holdings, LLC Texas3
  • GulfMark Energy, Inc. Texas3
  • GulfMark Terminals, LLC Texas3
  • Phoenix Oil, Inc. Texas3
  • Red River Vehicle Holdings LLC Texas3
  • Service Transport Company Texas3
  • Victoria Express Pipeline L.L.C. Texas3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • ADAMS RESOURCES & ENERGY INCMay 15, 1995 to Apr 1, 20052

Timeline

  1. Feb 4, 20258-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale38
  2. Jan 30, 20258-K Shareholder vote; Other events39
  3. Jan 17, 20258-K Other events40
  4. Jan 3, 20258-K Other events41
  5. Nov 12, 20248-K Entered a material agreement; Other events42
  6. Nov 12, 20248-K Results of operations43
  7. Aug 7, 20248-K Results of operations44
  8. Jul 16, 20248-K Entered a material agreement45
  9. May 8, 20248-K Results of operations46
  10. May 6, 20248-K Bylaws or fiscal year changed; Shareholder vote; Other events47
  11. Mar 13, 20248-K Results of operations48
  12. Feb 21, 20248-K Regulation FD disclosure49
  13. Mar 10, 2020New chief executive Kevin J. Roycraft becomes CEO12
  14. Dec 27, 2012New chief executive Frank T. Webster becomes CEO13
  15. Apr 4, 2007New chief executive Kenneth S. Adams Jr. becomes CEO14

Calendar

When it reported results

  1. Nov 12, 2024Reported quarterly or annual results43
  2. Aug 7, 2024Reported quarterly or annual results44
  3. May 8, 2024Reported quarterly or annual results46
  4. Mar 13, 2024Reported quarterly or annual results48
  5. Nov 8, 2023Reported quarterly or annual results50
  6. Aug 9, 2023Reported quarterly or annual results51
  7. May 9, 2023Reported quarterly or annual results52
  8. Mar 15, 2023Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

182 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 31 major events, 89 insider forms, 25 large holders, 24 other. The latest 20:

  1. May 14, 2025SCHEDULE 13G/A EDGAR
  2. May 14, 2025SCHEDULE 13G/A EDGAR
  3. Feb 18, 202515-12G EDGAR
  4. Feb 12, 2025SCHEDULE 13G/A EDGAR
  5. Feb 5, 2025EFFECT EDGAR
  6. Feb 5, 2025EFFECT EDGAR
  7. Feb 5, 202525-NSE EDGAR
  8. Feb 4, 20254 EDGAR
  9. Feb 4, 20254 EDGAR
  10. Feb 4, 20254 EDGAR
  11. Feb 4, 20254 EDGAR
  12. Feb 4, 20254 EDGAR
  13. Feb 4, 20254 EDGAR
  14. Feb 4, 20254 EDGAR
  15. Feb 4, 20254 EDGAR
  16. Feb 4, 20254 EDGAR
  17. Feb 4, 20254 EDGAR
  18. Feb 4, 20254 EDGAR
  19. Feb 4, 20254 EDGAR
  20. Feb 4, 2025POS AM EDGAR

The 182 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

30 open-market trades by officers, directors and large owners since October 2021: 30 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 28, 2024Roycraft Kevin J.CEO & PresidentBuy144$27.90$4.0KForm 4
Jun 25, 2024Leggio Michael F IIIChief Operating OfficerBuy150$24.98$3.7KForm 4
Jun 18, 2024Ohmart Tracy EEVP, CFOBuy200$24.75$5.0KForm 4
Jun 17, 2024Ohmart Tracy EEVP, CFOBuy149$25.22$3.8KForm 4
Jun 14, 2024Roycraft Kevin J.CEO & PresidentBuy139$25.50$3.5KForm 4
May 29, 2024Niemann John O. Jr.DirectorBuy400$26.00$10.4KForm 4
May 28, 2024Leggio Michael F IIIChief Operating OfficerBuy200$27.00$5.4KForm 4
Mar 26, 2024Harrison Wade MPresident, Service TransportBuy48$26.99$1.3KForm 4
Mar 26, 2024Roycraft Kevin J.CEO & PresidentBuy150$27.40$4.1KForm 4
Mar 18, 2024Roycraft Kevin J.CEO & PresidentBuy137$24.50$3.4KForm 4
Dec 14, 2023Leggio Michael F IIIChief Operating OfficerBuy190$25.78$4.9KForm 4
Dec 13, 2023Harrison Wade MPresident, Service TransportBuy40$25.81$1.0KForm 4
Jun 16, 2023Leggio Michael F IIIChief Operating OfficerBuy140$35.70$5.0KForm 4
May 22, 2023Dominic Dennis E.DirectorBuy1,000$33.77$33.8KForm 4
May 16, 2023Pressler Townes G.DirectorBuy177$34.00$6.0KForm 4
May 12, 2023Ohmart Tracy EEVP, CFOBuy100$33.50$3.4KForm 4
Mar 31, 2023Roycraft Kevin J.CEO & PresidentBuy280$37.96$10.6KForm 4
Mar 28, 2023Ohmart Tracy EEVP, CFOBuy100$37.35$3.7KForm 4
Mar 28, 2023Harrison Wade MPresident, Service TransportBuy23$37.83$870Form 4
Mar 22, 2023Leggio Michael F IIIChief Operating OfficerBuy134$37.43$5.0KForm 4

All 30 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How ADAMS RESOURCES & ENERGY, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARADAMS RESOURCES & ENERGY, INC.1
  • CIK0000002178
  • Employer ID (EIN)74-17531471
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5172 Wholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address2727 Allen Parkway, 9Th Floor, Houston, TX 770191
  • Mailing addressP O Box 844, Houston, TX 770011
  • Phone713-881-36001
  • Shares outstanding2,577,872 as of Nov 1, 202410
  • Public float$87.4M as of Jun 30, 20234
  • On EDGAR sinceMar 30, 19951
  • Filings720 in all: 4 (233), 8-K (179), 10-Q (90), SC 13G/A (45), DEF 14A (30), 10-K (22), 3 (20), SC 13D (13)1
    All 32 form types

    UPLOAD (12), SC 13G (11), CORRESP (9), SC 13D/A (9), 10-K405 (7), DEFA14A (7), 8-K/A (4), EFFECT (4), 4/A (3), SCHEDULE 13G/A (3), ARS (2), POS AM (2), S-3 (2), S-8 (2), S-8 POS (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 5 (1), 6-K (1), DEFM14A (1), DEFR14A (1), NT 10-K (1), PREM14A (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2024
    Quarterly report (10-Q) Nov 12, 2024
    Proxy statement (DEF 14A) Apr 1, 2024
    Latest 8-K (8-K) Feb 4, 2025

Sources

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