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):  November 12, 2010

	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 November 12, 2010, Adams Resources & Energy, Inc., a Delaware corporation, issued a press release announcing financial results for the third quarter ended September 30, 2010.  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.

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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:  November 12, 2010	By:/s/ Richard B. Abshire
	Richard B. Abshire
	Chief Financial Officer

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EX-99.1 CHARTER

  Exhibit 99.1

 FOR IMMEDIATE RELEASE

 Rick Abshire (713) 881-3609

ADAMS RESOURCES ANNOUNCES THIRD QUARTER 2010

RESULTS AND INCREASES ANNUAL DIVIDEND

Houston (November 12, 2010) -- Adams Resources & Energy, Inc., (NYSE Amex-AE), announced today unaudited third quarter 2010 net earnings of $2,762,000 or $.66 per common share.  Revenues for the quarter totaled $502,455,000.  Current results compare to unaudited third quarter 2009 net earnings of $639,000 or $.15 per common share. For the nine months ended September 30, 2010 unaudited net earnings were $6,241,000 or $1.48 per share on revenues totaling $1,583,381,000. Net cash provided by operating activities was $26,494,000 for the nine-month period ended September 30, 2010.

Chairman K. S. “Bud” Adams, Jr. attributed the third quarter 2010 earnings increase to improved demand within the Company’s transportation segment where operating earnings grew by 69 percent for the comparative quarter. The Company also experienced improvement within the oil and gas production segment, as losses narrowed on the strength of increased commodity prices and reduced charges for prospect impairment valuations.

A summary of operating results is as follows:

	Third Quarter
	2010			2009
Operating Earnings (Loss)
Marketing	$	4,646,000		$	3,852,000
Transportation		2,108,000			1,244,000
Oil and gas		(476,000	)		(1,698,000	)
Administrative expenses		(2,257,000	)		(2,252,000	)
		4,021,000			1,146,000
Interest income, net		79,000			67,000
Income tax (provision)		(1,338,000	)		(574,000	)
Net earnings	$	2,762,000		$	639,000

Adams Resources & Energy, Inc. also announced its Board of Directors has declared an annual cash dividend in the amount of $.54 per common share, payable on December 15, 2010 to shareholders of record as of December 1, 2010.  The 2010 cash dividend represents an eight percent increase over the prior year amount.

……………………………………………….

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, (i) the availability of capital, (j) changes in regulations, (k) results of current items of litigation, (l) uninsured items of litigation or loss es, (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, (r) successful completion of drilling activity, (s) financial soundness of customers and suppliers and (t) adverse world economic conditions.  These and other risks are described in the Company’s reports that are on file with the Securities and Exchange Commission.

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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands,except per share data)
	Nine Months Ended						Three Months Ended
	September						September
	2010			2009			2010			2009
Revenues	$	1,583,381		$	1,431,510		$	502,455		$	576,299
Costs, expenses and other		(1,574,051	)		(1,423,121	)		(498,355	)		(575,086	)
Income tax (provision)		(3,089	)		(3,146	)		(1,338	)		(574	)
Net earnings	$	6,241		$	5,243		$	2,762		$	639
Earnings per share
Basic and diluted net earnings
per common share	$	1.48		$	1.24		$	.66		$	.15
Dividends per common share	$	-		$	-		$	-		$	-

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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands)
	September 30,		December 31,
	2010		2009
ASSETS
Cash	$	30,303	$	16,806
Other current assets		171,931		185,757
Total current assets		202,234		202,563
Net property & equipment		45,558		42,305
Other assets		3,108		4,533
	$	250,900	$	249,401
LIABILITIES AND EQUITY
Total current liabilities	$	158,174	$	164,191
Deferred taxes and other		2,684		1,409
Shareholders’ equity		90,042		83,801
	$	250,900	$	249,401

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