Upcoming Dividend • Dec 01
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 06 December 2024. Payment date: 20 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.8%). Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 67%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$2.74b to US$2.78b. Forecast EPS reduced from -US$1.59 to -US$2.65 per share. Oil and Gas industry in the US expected to see average net income growth of 6.7% next year. Consensus price target down from US$45.00 to US$38.00. Share price rose 36% to US$37.24 over the past week. Declared Dividend • Nov 15
Third quarter dividend of US$0.24 announced Dividend of US$0.24 is the same as last year. Ex-date: 6th December 2024 Payment date: 20th December 2024 Dividend yield will be 2.6%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Nov 14
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: US$1.76 loss per share (down from US$0.89 profit in 3Q 2023). Revenue: US$695.2m (down 8.6% from 3Q 2023). Net loss: US$4.54m (down 301% from profit in 3Q 2023). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 1.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$70.1m market cap). Announcement • Nov 09
Adams Resources & Energy, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Adams Resources & Energy, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (4.1%). Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 200%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$2.66b to US$2.74b. Forecast EPS reduced from -US$0.53 to -US$1.59 per share. Oil and Gas industry in the US expected to see average net income growth of 14% next year. Consensus price target of US$45.00 unchanged from last update. Share price fell 2.5% to US$23.00 over the past week. Declared Dividend • Aug 11
Second quarter dividend of US$0.24 announced Dividend of US$0.24 is the same as last year. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (6% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Aug 09
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$0.87 loss per share (down from US$0.33 profit in 2Q 2023). Revenue: US$718.5m (up 15% from 2Q 2023). Net loss: US$2.23m (down 370% from profit in 2Q 2023). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 1.8% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Jul 30
Adams Resources & Energy, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Adams Resources & Energy, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$28.00, the stock trades at a trailing P/E ratio of 42x. Average forward P/E is 10x in the Oil and Gas industry in the US. Total returns to shareholders of 7.7% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.1%). Declared Dividend • May 12
First quarter dividend of US$0.24 announced Dividend of US$0.24 is the same as last year. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. However, EPS is expected to decline by 78% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 09
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: US$0.19 loss per share (improved from US$0.79 loss in 1Q 2023). Revenue: US$661.1m (up 1.7% from 1Q 2023). Net loss: US$498.0k (loss narrowed 75% from 1Q 2023). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is expected to decline by 7.3% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • May 03
Adams Resources & Energy, Inc. to Report Q1, 2024 Results on May 08, 2024 Adams Resources & Energy, Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Announcement • Apr 02
Adams Resources & Energy, Inc., Annual General Meeting, May 06, 2024 Adams Resources & Energy, Inc., Annual General Meeting, May 06, 2024, at 11:00 Central Standard Time. Location: 17 South Briar Hollow Lane, Suite 100, Houston, Texas 77027 Texas United States Agenda: To elect a board of seven directors to serve for the next year or until their successors are elected and qualified; to consider and act upon an advisory resolution on executive compensation; to consider and act upon an advisory resolution on the frequency of future advisory votes on executive compensation: to ratify the Audit Committee's selection of KPMG LLP to serve as our independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact any other business as may properly come before the annual meeting or any adjournments thereof. Major Estimate Revision • Mar 20
Consensus EPS estimates fall by 840% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.54b to US$2.32b. Losses expected to increase from US$0.10 per share to US$0.94. Oil and Gas industry in the US expected to see average net income decline 2.0% next year. Consensus price target of US$45.00 unchanged from last update. Share price rose 3.8% to US$25.67 over the past week. Reported Earnings • Mar 15
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: US$0.084 (down from US$0.86 in FY 2022). Revenue: US$2.75b (down 19% from FY 2022). Net income: US$212.0k (down 94% from FY 2022). Profit margin: 0% (down from 0.1% in FY 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 47%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Adams Resources & Energy, Inc. to Report Q4, 2023 Results on Mar 13, 2024 Adams Resources & Energy, Inc. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024 Upcoming Dividend • Feb 29
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 22 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.3%). Declared Dividend • Feb 25
Third quarter dividend of US$0.24 announced Dividend of US$0.24 is the same as last year. Ex-date: 7th March 2024 Payment date: 22nd March 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Announcement • Feb 22
Adams Resources & Energy, Inc. Announces Cash Dividend for the Fourth Quarter of 2023, Payable on March 22, 2024 Adams Resources & Energy, Inc. announced that its Board of Directors declared a quarterly cash dividend in the amount of $0.24 per common share for the fourth quarter of 2023, payable on March 22, 2024 to shareholders of record as of close of business on March 8, 2024. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.24 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (4.5%). Announcement • Nov 11
Adams Resources & Energy, Inc. Declares Quarterly Cash Dividend for the Third Quarter of 2023, Payable on December 15, 2023 Adams Resources & Energy, Inc. Board of Directors declared a quarterly cash dividend for the third quarter of 2023 of $0.24 per common share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$0.89 (up from US$0.50 in 3Q 2022). Revenue: US$760.6m (down 11% from 3Q 2022). Net income: US$2.26m (up 3.1% from 3Q 2022). Profit margin: 0.3% (in line with 3Q 2022). Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Nov 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (US$80.7m market cap). Announcement • Oct 26
Adams Resources & Energy, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Adams Resources & Energy, Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of US$0.24 per share at 2.6% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (4.4%). Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: US$0.33 (down from US$0.57 in 2Q 2022). Revenue: US$624.8m (down 37% from 2Q 2022). Net income: US$827.0k (down 67% from 2Q 2022). Profit margin: 0.1% (down from 0.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to fall by 3.1% p.a. on average during the next 2 years compared to a 2.5% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Aug 10
Adams Resources & Energy, Inc. Declares Quarterly Cash Dividend for the Second Quarter of 2023, Payable on September 22, 2023 Adams Resources & Energy, Inc. Board of Directors declared a quarterly cash dividend for the second quarter of 2023 of $0.24 per common share, payable on September 22, 2023, to shareholders of record as of September 8, 2023. Announcement • Aug 03
Adams Resources & Energy, Inc. to Report Q2, 2023 Results on Aug 09, 2023 Adams Resources & Energy, Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Upcoming Dividend • Jun 01
Upcoming dividend of US$0.24 per share at 2.8% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 23 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (5.2%). Lower than average of industry peers (5.1%). Reported Earnings • May 10
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: US$0.79 loss per share (down from US$1.40 profit in 1Q 2022). Revenue: US$650.2m (down 16% from 1Q 2022). Net loss: US$2.00m (down 133% from profit in 1Q 2022). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to fall by 4.2% p.a. on average during the next 2 years compared to a 3.9% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 10
Adams Resources & Energy, Inc. Declares Quarterly Dividend, Payable on June 23, 2023 Adams Resources & Energy, Inc. announced that its Board of Directors has declared a quarterly cash dividend for the first quarter of 2023 of $0.24 per common share, payable on June 23, 2023, to shareholders of record as of June 9, 2023. Announcement • May 05
Adams Resources & Energy, Inc. to Report Q1, 2023 Results on May 09, 2023 Adams Resources & Energy, Inc. announced that they will report Q1, 2023 results on May 09, 2023 Reported Earnings • Mar 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$0.86 (down from US$2.78 in FY 2021). Revenue: US$3.37b (up 66% from FY 2021). Net income: US$3.49m (down 71% from FY 2021). Profit margin: 0.1% (down from 0.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 75%. Revenue is expected to fall by 5.1% p.a. on average during the next 2 years compared to a 5.9% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to US$41.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 170% over the past three years. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.24 per share at 1.7% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 24 March 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.8%). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$54.28, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 19% share price gain to US$48.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 42% over the past three years. Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. CEO, President & Director Kevin Roycraft was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (4.0%). Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: US$0.50 (up from US$0.36 in 3Q 2021). Revenue: US$852.9m (up 50% from 3Q 2021). Net income: US$2.19m (up 42% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is expected to fall by 6.0% p.a. on average during the next 2 years compared to a 6.7% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: US$0.50 (up from US$0.36 in 3Q 2021). Revenue: US$852.9m (up 50% from 3Q 2021). Net income: US$2.19m (up 42% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is expected to fall by 6.0% p.a. on average during the next 2 years compared to a 6.8% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to US$38.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 32% over the past three years. Upcoming Dividend • Sep 01
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (4.5%). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$29.66, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 4.0% over the past three years. Reported Earnings • Aug 12
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: US$0.57 (down from US$1.11 in 2Q 2021). Revenue: US$992.1m (up 104% from 2Q 2021). Net income: US$2.48m (down 47% from 2Q 2021). Profit margin: 0.2% (down from 1.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 3.9%, compared to a 10% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Dennis Dominic was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 26
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.0%). Lower than average of industry peers (3.8%). Reported Earnings • May 17
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: US$774.2m (up 138% from 1Q 2021). Net income: US$6.09m (up 117% from 1Q 2021). Profit margin: 0.8% (down from 0.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 1.9%, compared to a 20% growth forecast for the industry in the US. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: US$2.78 (up from US$0.23 in FY 2020). Revenue: US$2.03b (up 98% from FY 2020). Net income: US$11.9m (up US$10.9m from FY 2020). Profit margin: 0.6% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 24
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 18 March 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (4.2%). Upcoming Dividend • Nov 25
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 02 December 2021. Payment date: 17 December 2021. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (4.6%). Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.36 (vs US$0.72 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: US$568.2m (up 113% from 3Q 2020). Net income: US$1.55m (down 50% from 3Q 2020). Profit margin: 0.3% (down from 1.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 17 September 2021. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (5.1%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$1.11 (vs US$0.83 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$486.7m (up 220% from 2Q 2020). Net income: US$4.71m (up 34% from 2Q 2020). Profit margin: 1.0% (down from 2.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Adams Resources & Energy, Inc.(NYSEAM:AE) dropped from Russell 3000E Value Index Adams Resources & Energy, Inc.(NYSEAM:AE) dropped from Russell 3000E Value Index Upcoming Dividend • May 27
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 18 June 2021. Trailing yield: 3.6%. Within top quartile of American dividend payers (3.5%). Lower than average of industry peers (4.9%). Reported Earnings • May 09
First quarter 2021 earnings released: EPS US$0.66 (vs US$2.70 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$325.5m (down 7.9% from 1Q 2020). Net income: US$2.81m (up US$14.2m from 1Q 2020). Profit margin: 0.9% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS US$0.23 (vs US$1.94 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.02b (down 44% from FY 2019). Net income: US$995.0k (down 88% from FY 2019). Profit margin: 0.1% (down from 0.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: US$30.62 The company is up 16% from its price of US$26.33 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: US$28.02 The company is up 35% from its price of US$20.75 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 27% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$0.72 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$266.9m (down 41% from 3Q 2019). Net income: US$3.07m (up 380% from 3Q 2019). Profit margin: 1.2% (up from 0.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: US$19.74 The company is down 10.0% from its price of US$21.90 on 30 July 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is down 20% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: US$20.13 The company is down 25% from its price of US$26.68 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 16% over the same period.