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Adams Resources & Energy, Inc.AE
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Adams Resources & Energy, Inc., through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States.

The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.

It purchases crude oil and arranges sales and deliveries to refiners and other customers primarily onshore in Texas, Oklahoma, North Dakota, Michigan, Wyoming, and Louisiana; and owns and operates tractor-trailer rigs and maintains pipeline inventory locations or injection stations.

The company also transports liquid chemicals, pressurized gases, asphalt, and dry bulk on a for hire basis in the continental United States, and into Canada and Mexico; and operates truck terminals in Houston, Corpus Christi, Nederland, Freeport, Baton Rouge, St. Rose, Boutte, Sterlington, Jacksonville, Tampa, Atlanta, Augusta, Alabama, North Carolina, Ohio, West Virginia, Arkansas, East St. Louis, Joliet, and Pennsylvania.

In addition, it operates crude oil and condensate pipeline system, which connects the Eagle Ford Basin to the Gulf Coast waterborne market; and transports crude oil, condensate, fuels, oils and other petroleum products on a for hire basis in the Eagle Ford basin.

The company was founded in 1947 and is headquartered in Houston, Texas.

Latest News >
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Looking At McDonald's's Recent Unusual Options Activity
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Nasdaq Stretches Record-High Closing Run; Dow, S&P 500 Retreat
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Mar 22, 2024
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Mar 22, 2024
The Federal Reserve kept rates unchanged at its March meeting, but new forecasts confirmed plans for three 25-basis-point rate cuts this year, boosting Wall Street optimism. Fed Chair Jerome Powell hinted that rate cuts will occur if the economy evolves as expected. He downplayed the unexpected inflation surges in January and February, pushing the market to anticipate a 72% chance...
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