8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 11, 2006

	ADAMS RESOURCES & ENERGY, INC.
	(Exact name of registrant as specified in its charter)
Delaware		1-7908	74-1753147
(State or other jurisdiction of incorporation)		(Commission file number)	(IRS employer identification no.)
4400 Post Oak Pkwy, Suite 2700, Houston, Texas			77027
(Address of principal executive offices)			(Zip code)
		(713) 881-3600
		(Registrant’s telephone number, including area code)

Item 2.02. Results of Operations and Financial Condition.

On August 11, 2006, Adams Resources & Energy, Inc., a Delaware corporation, issued a press release announcing its financial results for the second quarter ended June 30, 2006. A copy of the earnings release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. The information in this Current Report on Form 8-K, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ADAMS RESOURCES & ENERGY, INC.
Date: August 11, 2006	By:/s/ Richard B. Abshire
	Richard B. Abshire
	Chief Financial Officer

EX-99.1 CHARTER

Exhibit 99.1

FOR IMMEDIATE RELEASE

                         Rick Abshire (713) 881-3609

ADAMS RESOURCES ANNOUNCES SECOND QUARTER EARNINGS

Houston (August 11, 2006) -- Adams Resources & Energy, Inc., (AMEX-AE), announced second quarter 2006 unaudited net earnings of $4,038,000 or $.96 per common share. Revenues for the quarter totaled $595,000,000. Current earnings compare to unaudited second quarter 2005 net earnings of $1,886,000 or $.44 per common share. For the six-months ended June 30, 2006, net earnings were $7,682,000 or $1.82 per common share. Net cash flow provided by operating activities totaled $13,477,000 for the six months ended June 30, 2006.

Chairman K. S. “Bud” Adams, Jr. attributed the earnings improvement to increased crude oil and natural gas prices. Average crude oil prices increased 35% to $67.88 per barrel while average natural gas prices rose 4% to $7.27 per mcf for the Company’s production. Rising prices also contributed approximately $1 million to pre-tax earnings as a result of liquidating crude oil inventories into a relatively higher priced market.

A summary of operating results is as follows:

	Second Quarter
	2006			2005
Operating Earnings
Marketing	$	3,706,000		$	2,165,000
Transportation		1,974,000			1,825,000
Oil and gas		2,140,000			1,193,000
General & administrative expenses		(2,004,000	)		(2,383,000	)
		5,816,000			2,800,000
Interest, net		120,000			6,000
Income tax provision		(1,898,000	)		(957,000	)
Earnings from continuing operations		4,038,000			1,849,000
Earnings from discontinued operations		-			37,000
Net earnings	$	4,038,000		$	1,886,000

The information in this release includes certain forward-looking statements that are based on assumptions that in the future may prove not to have been accurate. A number of factors could cause actual results or events to differ materially from those anticipated. Such factors include, among others, (a) general economic conditions, (b) fluctuations in hydrocarbon prices and margins, (c) variations between crude oil and natural gas contract volumes and actual delivery volumes, (d) unanticipated environmental liabilities or regulatory changes, (e) counterparty credit default, (f) inability to obtain bank and/or trade credit support, (g) availability and cost of insurance, (h) changes in tax laws, and (i) the availability of capital, (j) changes in regulations, (k) results of current items of litigation, (l) uninsured items of litigation or losses, (m) uncertainty in reserve estimates and cash flows, (n) ability to replace oil and gas reserves, (o) security issues related to drivers and terminal facilities, (p) commodity price volatility and (q) successful completion of drilling activity. These and other risks are described in the Company’s reports that are on file with the Securities and Exchange Commission.

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands,except per share data)
	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2006			2005			2006			2005
Revenues	$	1,083,028		$	1,069,838		$	595,000		$	542,195
Costs, expenses and other		(1,071,538	)		(1,062,559	)		(589,064	)		(539,389	)
Income tax provision		(3,808	)		(2,520	)		(1,898	)		(957	)
Earnings from continuing operations		7,682			4,759			4,038			1,849
Earnings from discontinued operation		-			(22	)		-			37
Net earnings	$	7,682		$	4,737		$	4,038		$	1,886
Earnings (loss) per share
From continuing operations	$	1.82		$	1.13		$	.96		$	.43
From discontinued operation		-			(.01	)		-			.01
Basic and diluted net earnings per
common share	$	1.82		$	1.12		$	.96		$	.44
Dividends per common share	$	-		$	-		$	-		$	-

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands)
	June 30,		December 31,
	2006		2005
ASSETS
Cash	$	21,886	$	18,817
Other current assets		238,332		251,633
Total current assets		260,218		270,450
Net property & equipment		42,860		39,896
Other assets		2,909		2,316
	$	305,987	$	312,662
LIABILITIES AND EQUITY
Total current liabilities	$	217,597	$	231,129
Long-term debt		9,500		11,475
Deferred taxes and other		5,552		4,402
Shareholders’ equity		73,338		65,656
	$	305,987	$	312,662