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):  May 6, 2016

		ADAMS RESOURCES & ENERGY, INC.
(Exact name of registrant as specified in its charter)
			Delaware		1-07908	74-1753147
			(State or other jurisdiction of incorporation)		(Commission file number)	(IRS employer identification no.)
			17 S. Briar Hollow Lane, Houston, Texas				77027
			(Address of principal executive offices)			(Zip code)
				(713) 881-3600
	(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act

(17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act

(17 CFR 240.13e-4c))

Item 2.02. Results of Operations and Financal Condition.

On May 6, 2016, Adams Resources & Energy, Inc., a Delaware corporation, issued a press release announcing a dividend and financial results for the first quarter ended March 31, 2016.  A copy of the news release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.  The information in the 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.
May 6, 2016	BY:  /s/ Richard B. Abshire
	Richard B. Abshire
	Chief Financial Officer

EX-99.1 CHARTER

Exhibit 99.1

Rick Abshire (713) 881-3609

FOR IMMEDIATE RELEASE

ADAMS RESOURCES ANNOUNCES DIVIDEND AND

 FIRST QUARTER 2016 EARNINGS

Houston (May 6, 2016) -- Adams Resources & Energy, Inc., (NYSE MKT: AE), announced first quarter 2016 unaudited net earnings of $1,430,000 or $.34 per common share on revenues of $250,531,000.  This compares to first quarter 2015 unaudited net earnings of $3,097,000 or $.73 per common share.  Net cash utilized in operating activities totaled $2,358,000 for the three-month period ended March 31, 2016 as the Company expended cash for strategic crude oil inventory purchases in order to take advantage of the difference between current and forward month commodity futures prices.

Thomas S. Smith, President and Chief Executive Officer, attributed the current earnings reduction to sharp competition for available crude oil supplies within the Company’s areas of operation.  Lower crude oil prices curtailed active drilling by suppliers which, in turn, reduced available supplies. The Company is experiencing both reduced volumes and unit margins as a result.   The Company also saw reduced activity within its common carrier chemical transportation business consistent with a slowing U.S. economy.  Mr. Smith added that the Company seeks to be a low cost competitor and this, combined with strong liquidity, will leave the Company in favorable position when market conditions rebound.

A summary of operating results follows:

	First Quarter
	2016			2015
Operating Earnings (Expense)
Crude oil marketing	$	4,648,000		$	8,848,000
Transportation		173,000			1,125,000
Oil and gas		(282,000	)		(1,725,000	)
Administrative expenses		(2,200,000	)		(3,331,000	)
		2,339,000			4,917,000
Interest income (expense), net		103,000			74,000
Equity investments, net of tax		(124,000	)		-
Income tax (provision)		(888,000	)		(1,894,000	)
Net earnings	$	1,430,000		$	3,097,000

The Company also announced that its Board of Directors declared a quarterly cash dividend in the amount of $.22 (twenty-two cents) per common share, payable on June 17, 2016 to shareholders of record as of June 3, 2016.

The Company’s quarterly report on Form 10-Q for the period ended March 31, 2016 will be filed with the Securities and Exchange Commission on May 9, 2016 and will be available on the Company’s website at “adamsresources.com”.

……………………………………………….

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 and potential adverse world economic conditions, (b) fluctuations in hydrocarbon commodity prices and margins, (c) variations between commodity 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, (i) the availability and cost of capital, (j) results of current items of litigation, (k) uninsured items of litigation or losses, (l) uncertainty in reserve estimates and cash flows, (n) successful drilling activity and the ability to replace oil and gas reserves, (m) security issues related to drivers and terminal facilities, (o) demand for chemical based trucking operations, (p) financial soundness of customers and suppliers.  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 EARNINGS
(In thousands, except per share data)
	Three Months Ended
	March 31,			March 31,
	2016			2015
Revenues	$	250,531		$	555,573
Costs, expenses and other		(248,213	)		(550,582	)
Income tax (provision)		(888	)		(1,894	)
Net earnings	$	1,430		$	3,097
Earnings per share:
Basic and diluted net earnings per common share	$	.34		$	.73
Dividends per common share	$	.22		$	.22

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands)
	March 31,		December 31,
	2016		2015
ASSETS
Cash and marketable securities	$	83,099	$	91,877
Other current assets		89,321		84,660
Total current assets		172,420		176,537
Net property & equipment		56,624		59,715
Deposits and other assets		8,871		6,963
	$	237,915	$	243,215
LIABILITIES AND EQUITY
Total current liabilities	$	75,797	$	80,197
Deferred tax and other liabilities		9,106		10,508
Shareholders’ equity		153,012		152,510
	$	237,915	$	243,215