ADNY Adino Energy Corporation featured news, full reports, and detailed charts
Adino Energy Corporation (ADNY/ADNY.OB) Wrap Up:
Adino Energy Corporation, through its subsidiary, Intercontinental Fuels, LLC, operates a fuel storage terminal in Houston, Texas. This terminal distributes petroleum-based products and bio-diesel to local wholesale and retail fuel distributors. The company was founded in 1981 and is based in Houston, Texas.www.adinoenergycorp.com
Founded in 1981
Adino Energy Corporation (ADNY:OTC Bulletin Board Market)
LAST $0.01 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 17, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Adino Energy Corporation (ADNY)
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OPEN
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PREVIOUS CLOSE
$0.01
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/21/08 - $0.06
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52 WEEK LOW
09/28/09 - $0.01
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MARKET CAP
1.2M
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AVERAGE VOLUME 3 mo
81.0K
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DILUTED EPS TTM
$-0.0097
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SHARES OUTSTANDING
93.3M
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ADNY Does Not Pay Dividends
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P/E TTM
NM
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ADNY Top Compensated Officers
Mr. Timothy G. Byrd Sr.
Chief Executive Officer, Chief Financial Offi...
Age: 46
Total Annual Compensation: $156.0K
Mr. Sonny Wooley
Founder, Chairman and Chief Operating Officer
Age: 69
Total Annual Compensation: $156.0K
Ms. Nancy Finney
Controller
Age: 48
Total Annual Compensation: $90.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Adino Energy Corporation (ADNY)
Adino Energy Corporation Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/12/2009
Adino Energy Corporation reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. Revenue generated in the three months ended September 30, 2009, was $533,998, compared to $494,059 in 2008. For the quarter, the company has reported net income of $109,023 compared to a net loss of $515,991 for the same period last year. Revenue for the nine months ended September 30, 2009, and 2008, was $1,524,985 and $1,504,499, respectively, a year-to-date increase of 1%. For the nine months, the company has reported net loss of $42,563 compared to a net loss of $472,163 for the same period last year.
Adino Energy Corporation Announces Revenue Results for the Second Quarter and Six Months Ended June 30, 2009
08/21/2009
Adino Energy Corporation announced revenue results for the second quarter and six months ended June 30, 2009. Revenue generated in the three months ended June 30, 2009 was $503,626 compared to $566,237 in 2008. Revenue for the six months ended June 30, 2009 and 2008 was $990,987 and $1,010,440, respectively, a year to date decrease of 2%. The new customer storage contract signed in February 2009 and increased throughput volume at the Houston terminal has partially offset the Company's reduced consulting revenue.
Adino Energy Seeks Acquisitions
08/21/2009
Adino Energy Corporation plans to look for acquisitions. The firm commented on its second quarter results filed on its 10-Q with the United States Securities and Exchange. Revenue generated in the three months ended June 30, 2009 was $503,626 compared to $566,237 in 2008. Revenue for the six months ended June 30, 2009 and 2008 was $990,987 and $1,010,440, respectively, a year to date decrease of 2%. The new customer storage contract signed in February 2009 and increased throughput volume at the Houston terminal has partially offset the Company's reduced consulting revenue. Timothy G. Byrd, Sr., Adino Energy's chief executive officer said, “We are pleased to report relatively stable revenue over the past six months. We have not stopped our behind-the-scene capital and acquisition identification activities; opportunities exist, and as capital frees up, we will move forward aggressively with our stated plans. Although I'd like to be more specific in my guidance at this point, please be assured it is still our intent to increase shareholder value through accretive acquisition of like operations; however, we will do it at the right time, under favorable terms.”
ADNY Competitors
| Company | Last | Change |
| American Oil & Gas Inc | $2.72 USD | -0.11 |
| Credo Petroleum Corp | $10.14 USD | +0.341 |
| Double Eagle Petroleum Co | $4.42 USD | +0.02 |
| Gasco Energy Inc | $0.45 USD | -0.0155 |
| Tengasco Inc | $0.48 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ADNY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.6x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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More Recent News About Adino Energy Corporation
More news for ADNY
Adino Energy Reports Third Quarter Net Income
HOUSTON, Nov. 12 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY - News) today commented on its unaudited results for the third quarter of its fiscal year 2009, filed today with the United States Securities and Exchange Commission. Revenue generated in the three months ended September 30, 2009, was $533,998, compared to $494,059 in 2008. Revenue for the nine months ended September 30, 2009, and 2008, was $1,524,985 and $1,504,499, respectively, a year-to-date increase of 1%. The new customer contracts signed in February and August 2009 and increased throughput volume at the Houston terminal has partially offset the Company's reduced consulting revenue.General and Administrative Expense for the three and nine months ended September 30, 2009, was $129,245 and $396,034, respectively, compared to $36,868 and $110,771 for the same periods in 2008, resulting in a year-to-date increase of $285,263 or 357%. The increase is almost wholly due to rent expense at the Houston terminal for 2009 of $286,686. In September 2008, the Company began an operating lease on the terminal facility at 17617 Aldine Westfield Road in Houston, Texas with Lone Star, resulting in monthly rent expense of $31,854. Prior to September 2008, the terminal was under a capital lease and did not recognize rent expense.As a result, the Company realized a net income of $109,023 and a net loss of $515,991 for the three months ended September 30, 2009 and 2008, respectively. The Company had net losses of $42,563 and $472...Click here to read the whole Article (external link)
ADINO ENERGY CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our unaudited consolidated interim financial statements and related notes thereto included in this quarterly report and in our audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") contained in our Form 10-K for the year ended December 31, 2008. Certain statements in the following MD&A are forward looking statements. Words such as "expects", "anticipates", "estimates" and similar expressions are intended to identify forward looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. RESULTS OF OPERATIONS The Company continues to lease the terminal at 17617 Aldine Westfield Road, Houston, Texas from Lone Star Fuel Storage and Transport, LLC ("Lone Star"). Utilizing a fuel storage and throughput model, revenues continue to remain strong. Revenue: Revenue generated in the three months ended September 30, 2009 was $533,998 compared to $494,059 in 2008. Revenue for the nine months ended September 30, 2009 and 2008 was $1,524,985 and $1,504,499, respectively, a year to date increase of 1%. The new customer contracts signed in February and August 2009 and increased throughput volume at the Houston terminal have partially offset the Company's reduced consulting revenue. Cost of Product Sales: Additive expense for the three months ended September 30, 2009 and 2008 was $100,374 and $89,787, respectively, for an increase of $10,587. For the nine months ended September 30, expense has increased 19% from $297,844 in 2008 to $355,868 in 2009. As fuel passes through the rack, it is blended with various fuel additives. The increase results from increased throughput at the IFL terminal, req...Click here to read the whole Article (external link)
ADINO ENERGY CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Adino Energy Comments on Second Quarter Results
HOUSTON, Aug. 21 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY - News) today commented on its second quarter results filed on its 10-Q with the United States Securities and Exchange. Revenue generated in the three months ended June 30, 2009 was $503,626 compared to $566,237 in 2008. Revenue for the six months ended June 30, 2009 and 2008 was $990,987 and $1,010,440, respectively, a year to date decrease of 2%. The new customer storage contract signed in February 2009 and increased throughput volume at the Houston terminal has partially offset the Company's reduced consulting revenue."We are pleased to report relatively stable revenue over the past six months," commented Timothy G. Byrd, Sr., Adino Energy's chief executive officer."Fuel continues to be a commodity that benefits from bulk purchase and storage. I believe it is for this reason that our revenues will continue to remain relatively constant, even during these economically challenged times."The evaporation of credit last year appears to be starting to rebound, albeit slowly, and I am encouraged by our operation's ability to continue to generate stable revenues even during a severe recession."We have not stopped our behind-the-scene capital and acquisition identification activities; opportunities exist, and as capital frees up, we will move forward aggressively with our stated plans."Although I'd like to be more specific in my guidance at this point. Please be assured it is still our intent to increas...Click here to read the whole Article (external link)
ADINO ENERGY CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our unaudited consolidated interim financial statements and related notes thereto included in this quarterly report and in our audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") contained in our Form 10-K for the year ended December 31, 2008. Certain statements in the following MD&A are forward looking statements. Words such as "expects", "anticipates", "estimates" and similar expressions are intended to identify forward looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. RESULTS OF OPERATIONS The Company continues to lease the terminal at 17617 Aldine Westfield Road, Houston, Texas from Lone Star Fuel Storage and Transport, LLC. Utilizing a fuel storage and throughput model, revenues continue to remain strong. Revenue: Revenue generated in the three months ended June 30, 2009 was $503,626 compared to $566,237 in 2008. Revenue for the six months ended June 30, 2009 and 2008 was $990,987 and $1,010,440, respectively, a year to date decrease of 2%. The new customer storage contract signed in February 2009 and increased throughput volume at the Houston terminal has partially offset the Company's reduced consulting revenue. Cost of Product Sales: Additive expense for the three months ended June 30, 2009 and 2008 was $131,399 and $116,793 respectively, for an increase of $14,606. For the six months ended June 30, expense has increased 19% from $208,057 in 2008 to $255,494 in 2009. As fuel passes through the rack, it is blended with various fuel additives. The increase results from increased throughput at the IFL terminal. Terminal Management: Expense for the three and six ...Click here to read the whole Article (external link)
ADINO ENERGY CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our unaudited consolidated interim financial statements and related notes thereto included in this quarterly report and in our audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") contained in our Form 10-K for the year ended December 31, 2008. Certain statements in the following MD&A are forward looking statements. Words such as "expects", "anticipates", "estimates" and similar expressions are intended to identify forward looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. RESULTS OF OPERATIONS The Company continues to lease the terminal at 17617 Aldine Westfield Road, Houston, Texas from Lone Star Fuel Storage and Transport, LLC. Utilizing a fuel storage and throughput model, revenues continue to remain strong and are increasing. Revenue: Revenue generated in the three months ended March 31, 2009 was $487,361 compared to $444,203 for the three months ended March 31, 2008, for an increase of 10%. This increase is primarily due to a current customer signing a new contract for increased storage capacity in February 2009. Cost of Product Sales: Additive expense for the three months ended March 31, 2009 and 2008 was $124,095 and $91,264, respectively, for an increase of $32,831. As fuel passes through the rack it is blended with various fuel additives. The increase results from increased additive required by the increase in throughput volume in the first quarter of 2009, over the 2008 volumes. Terminal Management: Expense for the three months ended March 31, 2009 and 2008 was $102,000 and $105,000, respectively. The Company realized a slight decrease in the monthly termina...Click here to read the whole Article (external link)
ADINO ENERGY CORP Files SEC form 10-K/A, Annual Report
ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS The following is a discussion of our financial condition, results of operations, liquidity and capital resources. This discussion should be read in conjunction with our Consolidated Financial Statements and the notes thereto included elsewhere in this Form 10-KSB. FORWARD-LOOKING INFORMATION This report contains a number of forward-looking statements, which reflect the Company's current views with respect to future events and financial performance including statements regarding the Company's projections. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. In this report, the words "anticipates", "believes", "expects", "intends", "future", "plans", "targets" and similar expressions identify forward-looking statements. Readers are cautioned to not place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements, to reflect events or circumstances that may arise after the date hereof. Additionally, these statements are based on certain assumptions that may prove to be erroneous and are subject to certain risks including, but not limited to, the Company's dependence on limited cash resources, and its dependence on certain key personnel within the Company. Accordingly, actual results may differ, possibly materially, from the predictions contained herein. CRITICAL ACCOUNTING POLICIES AND ESTIMATES The Company's discussion and analysis of its financial condition and results of operations are based upon its consolidated financial statements, which have been prepared in accordance with generally accepted accounting principles in the United States. The preparation of these...Click here to read the whole Article (external link)
ADINO ENERGY CORP Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following is a discussion of our financial condition, results of operations, liquidity and capital resources. This discussion should be read in conjunction with our Consolidated Financial Statements and the notes thereto included elsewhere in this Form 10-K. FORWARD-LOOKING INFORMATION This report contains a number of forward-looking statements, which reflect the Company's current views with respect to future events and financial performance including statements regarding the Company's projections. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. In this report, the words "anticipates", "believes", "expects", "intends", "future", "plans", "targets" and similar expressions identify forward-looking statements. Readers are cautioned to not place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements, to reflect events or circumstances that may arise after the date hereof. Additionally, these statements are based on certain assumptions that may prove to be erroneous and are subject to certain risks including, but not limited to, the Company's dependence on limited cash resources, and its dependence on certain key personnel within the Company. Accordingly, actual results may differ, possibly materially, from the predictions contained herein. CRITICAL ACCOUNTING POLICIES AND ESTIMATES The Company's discussion and analysis of its financial condition and results of operations are based upon its consolidated financial statements, which have been prepared in accordance with generally accepted accounting principles in the Unite...Click here to read the whole Article (external link)
ADINO ENERGY CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our unaudited consolidated interim financial statements and related notes thereto included in this quarterly report and in our audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") contained in our Form 10-KSB/A for the year ended December 31, 2007. Certain statements in the following MD&A are forward looking statements. Words such as "expects", "anticipates", "estimates" and similar expressions are intended to identify forward looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. RESULTS OF OPERATIONS The Company continues to lease the terminal at 17617 Aldine Westfield Road, Houston, Texas under a new lease with Lone Star Fuel Storage and Transport, LLC. Utilizing a fuel storage and throughput model, revenues continue to remain strong and are increasing. Additionally, the Company has contracted with an additive fuel manager, streamlining additive costs and management. Revenue and Gross Margin: Revenue generated in the three months ended September 30, 2008 was $494,059 compared to $628,782 for the three months ended September 30, 2007. Revenues increased from $1,418,679 in the first nine months of last year to $1,504,499 this year, a 6% increase. This increase is due to the signing of a new customer in the late first quarter of 2008. The Company has streamlined its additive purchasing, decreasing its cost of sales from $487,085 or 34% of revenue for the nine months ended September 30, 2007, to $297,844 or 20% of revenue for the nine months ended September 30, 2008. The Company's gross margin increased from $931,594 for the nine months ended September 30, 2007 to $1,206,655...Click here to read the whole Article (external link)
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