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 13, 2008

	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 May 13, 2008, Adams Resources & Energy, Inc., a Delaware corporation, issued a press release announcing its financial results for the first quarter ended March 31, 2008.  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:  May 13, 2008	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 FIRST QUARTER EARNINGS

Houston (May 13, 2008)--Adams Resources & Energy, Inc. (AMEX-AE) announced first quarter 2008 unaudited net earnings of $2,211,000 or $.52 per common share on revenues of $965,988,000. This compares to unaudited first quarter 2007 net earnings of $912,000 or $.22 per common share.

Chairman and Chief Executive Officer, K.S. "Bud" Adams, Jr., attributed the earnings improvement to reduced dry hole and other exploration costs incurred in 2008 relative to first quarter 2007, coupled with inventory liquidation gains stemming from increasing crude oil prices.  In the first quarter of 2007, exploration costs totaled $1,776,000 but were reduced to $460,000 for the first quarter of 2008.  Pre-tax crude oil inventory liquidation gains totaled $1,967,000 in the first period 2008 compared to $761,000 in last year’s first quarter.

A summary of operating results is as follows:

	First Quarter
	2008			2007
Operating Earnings (Loss)
Marketing	$	4,202,000		$	3,223,000
Transportation		760,000			726,000
Oil and gas		956,000			(520,000	)
General & administrative expenses		(2,917,000	)		(2,602,000	)
Interest, net		351,000			336,000
Income tax provision		(1,141,000	)		(251,000	)
Net earnings	$	2,211,000		$	912,000

……………………………………………….

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 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, 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 (q) demand for chemical based trucking operations and (r) 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 EARNINGS
(In thousands)
	March 31,			March 31,
	2008			2007
Revenues	$	965,988		$	486,366
Costs, expenses and other		(962,636	)		(485,203	)
Income tax provision		(1,141	)		(251	)
Net earnings	$	2,211		$	912
Basic and diluted net earnings
per common share	$	.52		$	.22
Dividends per common share	$	-		$	-

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands)
	March 31,		December 31,
	2008		2007
ASSETS
Cash	$	25,957	$	23,697
Other current assets		345,097		288,196
Total current assets		371,054		311,893
Net property & equipment		43,172		39,698
Other assets		6,619		5,484
	$	420,845	$	357,075
LIABILITIES AND EQUITY
Total current liabilities	$	321,989	$	261,321
Deferred taxes and other		7,203		6,312
Shareholders’ equity		91,653		89,442
	$	420,845	$	357,075