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Adams Resources Earns Credit Rating Upgrade

HOUSTON, Nov. 25 /PRNewswire/ -- Adams Resources & Energy, Inc. (AMEX: AE) announced today that Dun & Bradstreet Corporation ("D&B") raised the company's composite credit appraisal to a 4A2 rating classification. This new credit appraisal was assigned because of "D&B's assessment of the company's financial ratios and its cash flow." Based on published financial information, the company's net working capital position is a positive $7.6 million while its long-term debt ratio is only 25 percent of equity. In addition, during the most recent 12 month period, the company's rate of return on shareholders' equity was 22 percent.

Noting a sound credit rating is a critical component of continued success, K.S. "Bud" Adams Jr. (chairman and president), indicated that during 1996, Adams Resources will purchase over $1.3 billion worth of crude oil and refined products from its suppliers. Such suppliers look to the company's financial strength when committing to these transactions. Commenting on the recent run up in natural gas prices, Adams stated that a continuation of this trend will have a significant positive impact on fourth quarter 1996 earnings from oil and gas exploration and production activities.

Adams Resources & Energy, Inc. is engaged in the business of oil and gas exploration and production, crude oil and petroleum products marketing and tank truck transportation of petroleum products and liquid chemicals.

SOURCE Adams Resources & Energy, Inc.
 -0- 11/25/96

/CONTACT: Sharon Copeland of Adams Resources & Energy, Inc., 713-881-3611/


CO: Adams Resources & Energy, Inc. ST: Texas IN: OIL SU: RTG

MS -- NYM081 -- 3655 11/25/96 10:57 EST
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Publication:PR Newswire
Date:Nov 25, 1996
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