**/**

| x   | Quarterly                  report pursuant to Section 13 or 15 (d) of the Securities Exchange                  Act of                  1934 |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Transition                  report pursuant to Section 13 or 15 (d) of the Securities Exchange                  Act of                  1934 |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------|

**ADAMS          RESOURCES & ENERGY, INC.**

| Delaware                                                                                            |   | 74-1753147                                                                |
|-----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|
| (State                    or other jurisdiction ofincorporation                    or organization) |   | (I.R.S.                    EmployerIdentification                    No.) |

| 4400                    Post Oak Pkwy Ste 2700 , Houston, Texas 77027                        |
|----------------------------------------------------------------------------------------------|
| (Address                    of principal executive office & Zip                    Code) |

----

----

**PART          1 - FINANCIAL INFORMATION**

**Item          1. Financial Statements**

**ADAMS          RESOURCES & ENERGY, INC. AND SUBSIDIARIES**

**UNAUDITED          CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**(In          thousands, except per share data)**

|                                                             |   | Nine                    Months Ended |      | Three                    Months Ended |   |
|------------------------------------------------------------------|--------|--------------------------------------|-----------|---------------------------------------|--------|
|                                                             |   | September                    30,     |      | September                    30,      |   |
|                                                             |   | 2005                                 |      | 2004                                  |   | 2005 |   | 2004 |   |
|                                                             |   | **(RESTATED**                        |      |                                  |   | **(RESTATED** |   |   |   |
|                                                             |   | **SEE                    NOTE 9)**   |      |                                  |   | **SEE                    NOTE 9)** |   |   |   |
| **REVENUES:**                                                    |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Marketing                    (includes $532,402, $525,936,       |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| $193,149,                    and $203,112, respectively, of      |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| proceeds                    from buy/sell arrangements)          |   | $                                    | 1,654,585 |                                  | $      | 1,464,167 |   | $ | 618,395 |   | $ | 534,875 |   |
| Transportation                                              |   |                                 | 41,765    |                                  |   | 34,696 |   |   | 13,867 |   |   | 12,546 |   |
| Oil                    and gas                              |   |                                 | 10,495    |                                  |   | 8,078 |   |   | 4,745 |   |   | 2,972 |   |
|                                                             |   |                                 | 1,706,845 |                                  |   | 1,506,941 |   |   | 637,007 |   |   | 550,393 |   |
| **COSTS                    AND EXPENSES:**                       |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Marketing                    (includes $532,402, $525,936,       |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| $193,149,                    and $203,112, respectively,         |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| of                    costs from buy/sell arrangements)     |   |                                 | 1,641,614 |                                  |   | 1,453,563 |   |   | 612,170 |   |   | 528,508 |   |
| Transportation                                              |   |                                 | 35,401    |                                  |   | 29,301 |   |   | 11,814 |   |   | 10,392 |   |
| Oil                    and gas                              |   |                                 | 3,882     |                                  |   | 4,325 |   |   | 2,272 |   |   | 1,377 |   |
| General                    and administrative               |   |                                 | 6,494     |                                  |   | 5,574 |   |   | 1,959 |   |   | 2,120 |   |
| Depreciation,                    depletion and amortization      |   |                                 | 5,113     |                                  |   | 4,138 |   |   | 1,723 |   |   | 1,416 |   |
|                                                             |   |                                 | 1,692,504 |                                  |   | 1,496,901 |   |   | 629,938 |   |   | 543,813 |   |
|                                                             |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Operating                    earnings                       |   |                                 | 14,341    |                                  |   | 10,040 |   |   | 7,069 |   |   | 6,580 |   |
| Other                    income (expense):                       |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Interest                    income                          |   |                                 | 116       |                                  |   | 39 |   |   | 57 |   |   | 12 |   |
| Interest                    expense                         |   |                                 | (80       | )                                     |   | (78 | ) |   | (28 | ) |   | (17 | ) |
| Earnings                    from continuing operations           |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| before                    income taxes                      |   |                                 | 14,377    |                                  |   | 10,001 |   |   | 7,098 |   |   | 6,575 |   |
|                                                             |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Income                    tax provision                     |   |                                 | 4,622     |                                  |   | 3,443 |   |   | 2,102 |   |   | 2,274 |   |
|                                                             |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Earnings                    from continuing operations      |   |                                 | 9,755     |                                  |   | 6,558 |   |   | 4,996 |   |   | 4,301 |   |
| Income                    (loss) from discontinued operations,   |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| net                    of tax provision (benefit) of $143,  |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| ($130),                    $155 and $26, respectively       |   |                                 | 279       |                                  |   | (150 | ) |   | 301 |   |   | 51 |   |
|                                                             |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Net                    earnings                             |   | $                                    | 10,034    |                                  | $      | 6,408 |   | $ | 5,297 |   | $ | 4,352 |   |
|                                                             |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| **EARNINGS                    (LOSS) PER SHARE:**                |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| From                    continuing operations                    |   | $                                    | 2.31      |                                  | $      | 1.56 |   | $ | 1.19 |   | $ | 1.02 |   |
| From                    discontinued operations             |   |                                 | .07       |                                  |   | (.04 | ) |   | .07 |   |   | .01 |   |
| Basic                    and diluted net earnings                |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| per                    common share                         |   | $                                    | 2.38      |                                  | $      | 1.52 |   | $ | 1.26 |   | $ | 1.03 |   |
|                                                             |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| **DIVIDENDS                    PER COMMON SHARE**           |   | $                                    | -         |                                  | $      | - |   | $ | - |   | $ | - |   |

*The          accompanying notes are an integral part of these financial          statements.*

**ADAMS          RESOURCES & ENERGY, INC. AND SUBSIDIARIES**

**UNAUDITED          CONDENSED CONSOLIDATED BALANCE SHEETS**

**(In          thousands)**

|                                                                  |   | September                    30, |    | December                    31, |   |
|-----------------------------------------------------------------------|--------|----------------------------------|---------|---------------------------------|--------|
|                                                                  |   | 2005                             |    | 2004                            |   |
| **ASSETS**                                                            |   |                             |    |                            |   |   |   |
|                                                                  |   |                             |    |                            |   |   |   |
| Current                    assets:                                    |   |                             |    |                            |   |   |   |
| Cash                    and cash equivalents                     |   | $                                | 24,610  |                            | $      | 19,942 |   |
| Accounts                    receivable, net of allowance for doubtful |   |                             |    |                            |   |   |   |
| accounts                    of $638 and $384, respectively       |   |                             | 205,737 |                            |   | 161,885 |   |
| Inventories                                                      |   |                             | 13,407  |                            |   | 11,372 |   |
| Risk                    management receivables                   |   |                             | 29,067  |                            |   | 7,795 |   |
| Prepayments                                                      |   |                             | 3,567   |                            |   | 8,345 |   |
|                                                                  |   |                             |    |                            |   |   |   |
| Total                    current assets                          |   |                             | 276,388 |                            |   | 209,339 |   |
|                                                                  |   |                             |    |                            |   |   |   |
| Property                    and equipment                        |   |                             | 90,010  |                            |   | 88,681 |   |
| Less                    - accumulated depreciation,                   |   |                             |    |                            |   |   |   |
| depletion                    and amortization                    |   |                             | (58,595 | )                               |   | (59,605 | ) |
|                                                                  |   |                             | 31,415  |                            |   | 29,076 |   |
| Other                    assets:                                      |   |                             |    |                            |   |   |   |
| Risk                    management assets                        |   |                             | 1,102   |                            |   | - |   |
| Other                    assets                                  |   |                             | 1,377   |                            |   | 439 |   |
|                                                                  |   | $                                | 310,282 |                            | $      | 238,854 |   |
|                                                                  |   |                             |    |                            |   |   |   |
| **LIABILITIES                    AND SHAREHOLDERS’ EQUITY**     |   |                             |    |                            |   |   |   |
|                                                                  |   |                             |    |                            |   |   |   |
| Current                    liabilities:                               |   |                             |    |                            |   |   |   |
| Accounts                    payable                              |   | $                                | 199,717 |                            | $      | 160,387 |   |
| Risk                    management payables                      |   |                             | 28,642  |                            |   | 7,165 |   |
| Accrued                    and other liabilities                 |   |                             | 5,020   |                            |   | 5,904 |   |
| Current                    deferred income taxes                 |   |                             | 439     |                            |   | 94 |   |
| Total                    current liabilities                     |   |                             | 233,818 |                            |   | 173,550 |   |
|                                                                  |   |                             |    |                            |   |   |   |
| Long-term                    debt                                |   |                             | 11,475  |                            |   | 11,475 |   |
|                                                                  |   |                             |    |                            |   |   |   |
| Other                    liabilities:                                 |   |                             |    |                            |   |   |   |
| Asset                    retirement obligations                  |   |                             | 706     |                            |   | 723 |   |
| Deferred                    income taxes and other               |   |                             | 3,603   |                            |   | 3,531 |   |
| Risk                    management liabilities                   |   |                             | 1,071   |                            |   | - |   |
|                                                                  |   |                             | 250,673 |                            |   | 189,279 |   |
| Commitments                    and contingencies (Note 7)             |   |                             |    |                            |   |   |   |
|                                                                  |   |                             |    |                            |   |   |   |
| Shareholders’                    equity:                        |   |                             |    |                            |   |   |   |
| Preferred                    stock - $1.00 par value, 960,000 shares  |   |                             |    |                            |   |   |   |
| authorized,                    none outstanding                  |   |                             | -       |                            |   | - |   |
| Common                    stock - $.10 par value, 7,500,000 shares    |   |                             |    |                            |   |   |   |
| authorized,                    4,217,596 shares outstanding      |   |                             | 422     |                            |   | 422 |   |
| Contributed                    capital                           |   |                             | 11,693  |                            |   | 11,693 |   |
| Retained                    earnings                             |   |                             | 47,494  |                            |   | 37,460 |   |
| Total                    shareholders’ equity              |   |                             | 59,609  |                            |   | 49,575 |   |
|                                                                  |   | $                                | 310,282 |                            | $      | 238,854 |   |

*The          accompanying notes are an integral part of these financial          statements.*

**ADAMS          RESOURCES & ENERGY, INC. AND SUBSIDIARIES**

**UNAUDITED          CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(In          thousands)**

|                                                                                                            |   | Nine                    Months Ended |    |
|-----------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|---------|
|                                                                                                            |   | September                    30,     |    |
|                                                                                                            |   | 2005                                 |    | 2004 |   |
| CASH                    PROVIDED BY OPERATING ACTIVITIES:                                                       |   |                                 |    |   |   |   |   |
| Earnings                    from continuing operations                                                     |   | $                                    | 9,755   |   | $ | 6,558 |   |
| Adjustments                    to reconcile earnings from continuing                                            |   |                                 |    |   |   |   |   |
| operations                    to net cash provided by (used in)operating                    activities -   |   |                                 |    |   |   |   |   |
| Depreciation,                    depletion and amortization                                                |   |                                 | 5,113   |   |   | 4,138 |   |
| Gains                    on property sales                                                                 |   |                                 | (1,044  | ) |   | (411 | ) |
| Impairment                    on non-producing oil and gas properties                                      |   |                                 | 313     |   |   | 487 |   |
| Other,                    net                                                                              |   |                                 | (151    | ) |   | 92 |   |
| Changes                    in operating assets and liabilities -                                                |   |                                 |    |   |   |   |   |
| Decrease                    (increase) in accounts receivable, net                                    |   |                                 | (43,852 | ) |   | (18,859 | ) |
| Decrease                    (increase) in inventories                                                      |   |                                 | (2,127  | ) |   | (5,209 | ) |
| Risk                    management activities                                                              |   |                                 | 174     |   |   | (28 | ) |
| Decrease                    (increase) in tax receivable                                                   |   |                                 | -       |   |   | 1,065 |   |
| Decrease                    (increase) in prepayments                                                      |   |                                 | 4,778   |   |   | (2,462 | ) |
| Increase                    (decrease) in accounts payable                                                 |   |                                 | 39,474  |   |   | 5,104 |   |
| Increase                    (decrease) in accrued and other liabilities                                    |   |                                 | (539    | ) |   | 4,203 |   |
| Deferred                    income taxes                                                                   |   |                                 | 85      |   |   | - |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Net                    cash provided by (used in) continuing operations                                    |   |                                 | 11,979  |   |   | (5,322 | ) |
| Net                    cash provided by discontinued operations                                            |   |                                 | 180     |   |   | 4,084 |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Net                    cash provided by (used in) operating activities                                     |   |                                 | 12,159  |   |   | (1,238 | ) |
|                                                                                                            |   |                                 |    |   |   |   |   |
| INVESTING                    ACTIVITIES:                                                                        |   |                                 |    |   |   |   |   |
| Property                    and equipment additions                                                        |   |                                 | (8,415  | ) |   | (6,261 | ) |
| Insurance                    deposits                                                                      |   |                                 | (817    | ) |   | - |   |
| Proceeds                    from property sales                                                            |   |                                 | 1,191   |   |   | 891 |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Net                    cash (used in) continuing operations                                                |   |                                 | (8,041  | ) |   | (5,370 | ) |
| Proceeds                    from sale of discontinued property                                             |   |                                 | 550     |   |   | - |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Net                    cash (used in) investing activities                                                 |   |                                 | (7,491  | ) |   | (5,370 | ) |
|                                                                                                            |   |                                 |    |   |   |   |   |
| FINANCING                    ACTIVITIES:                                                                        |   |                                 |    |   |   |   |   |
| Net                    borrowings under credit agreements                                                  |   |                                 | -       |   |   | - |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Net                    cash used in financing activities                                                   |   |                                 | -       |   |   | - |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Increase                    (decrease) in cash and cash equivalents                                        |   |                                 | 4,668   |   |   | (6,608 | ) |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Cash                    and cash equivalents at beginning of period                                        |   |                                 | 19,942  |   |   | 28,342 |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Cash                    and cash equivalents at end of period                                              |   | $                                    | 24,610  |   | $ | 21,734 |   |
|                                                                                                            |   |                                 |    |   |   |   |   |
| Supplemental                    disclosure of cash flow information:                                            |   |                                 |    |   |   |   |   |
| Interest                    paid during the period                                                         |   | $                                    | 64      |   | $ | 78 |   |
| Income                    taxes paid during the period                                                     |   | $                                    | 4,031   |   | $ | 2,062 |   |

**ADAMS          RESOURCES & ENERGY, INC. AND SUBSIDIARIES**

**NOTES          TO UNAUDITED CONDENSED**

**CONSOLIDATED          FINANCIAL STATEMENTS**

*Principles          of Consolidation*

*Nature          of Operations*

*Cash          and Cash Equivalents*

*Inventories*

----

**in          thousands**

|                                        |   | September                    30, |   | December                    31, |   |
|---------------------------------------------|--------|----------------------------------|--------|---------------------------------|--------|
|                                        |   | 2005                             |   | 2004                            |   |
|                                        |   |                             |   |                            |   |
| Crude                    oil           |   | $                                | 11,778 |                            | $      | 9,663 |   |
| Petroleum                    products  |   |                             | 1,629  |                            |   | 1,709 |   |
|                                        |   |                             |   |                            |   |   |   |
|                                        |   | $                                | 13,407 |                            | $      | 11,372 |   |

*Property          and Equipment*

----

*Revenue          Recognition*

*Earnings          Per Share*

----

*Use          of Estimates*

*Price          Risk Management Activities*

**(in          thousands):**

----

|                                                                                  |   | 2005   |   | 2004   |   |
|---------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| Net                    fair value on January 1,                                  |   | $      | 630    |   | $      | 692 |   |
| Activity                    during the period                                         |   |   |   |   |   |   |   |
| -Cash                    paid (received) from settled contracts                  |   |   | (890   | )      |   | (720 | ) |
| -Net                    realized gain from prior years’ contracts          |   |   | 308    |   |   | 126 |   |
| **-**Net                    unrealized (loss) from prior years’ contracts  |   |   | -      |   |   | (30 | ) |
| **-**Net                    unrealized gain from prior years’ contracts    |   |   | 5      |   |   | - |   |
| -Net                    unrealized gain from current year contracts              |   |   | 403    |   |   | 652 |   |
| Net                    fair value on September 30,                               |   | $      | 456    |   | $      | 720 |   |

*Asset          Retirement Obligations*

|                                              |   | 2005   |   | 2004   |   |
|---------------------------------------------------|--------|--------|--------|--------|--------|
|                                              |   |   |   |   |   |
| Balance                    on January 1,     |   | $      | 723    |   | $      | 706 |   |
| -Liabilities                    incurred     |   |   | 23     |   |   | 19 |   |
| -Accretion                    of discount    |   |   | 57     |   |   | 38 |   |
| -Liabilities                    settled      |   |   | (97    | )      |   | - |   |
| -Revisions                    to estimates   |   |   | -      |   |   | - |   |
| Balance                    on September 30,  |   | $      | 706    |   | $      | 763 |   |

*New          Accounting Pronouncements*

----

**in          thousands**

----

|                                          |   |     |      | Segment   |   | Depreciation                     |   | Property                    and |   |
|-----------------------------------------------|--------|----------|-----------|-----------|--------|----------------------------------|--------|---------------------------------|--------|
|                                          |   |     |      | Operating |   | Depletion                    and |   | Equipment                       |   |
|                                          |   | Revenues |      | Earnings  |   | Amortization                     |   | Additions                       |   |
| For                    the nine months ended  |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| September                    30, 2005         |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| Marketing                                |   | $        | 1,654,585 |      | $      | 12,019                           |   | $                               | 952    |   | $ | 244 |   |
| Transportation                           |   |     | 41,765    |      |   | 4,225                            |   |                            | 2,139  |   |   | 3,836 |   |
| Oil                    and gas           |   |     | 10,495    |      |   | 4,591                            |   |                            | 2,022  |   |   | 4,335 |   |
|                                          |   | $        | 1,706,845 |      | $      | 20,835                           |   | $                               | 5,113  |   | $ | 8,415 |   |
| For                    the nine months ended  |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| September                    30, 2004         |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| Marketing                                |   | $        | 1,464,167 |      | $      | 9,729                            |   | $                               | 875    |   | $ | 260 |   |
| Transportation                           |   |     | 34,696    |      |   | 3,716                            |   |                            | 1,679  |   |   | 2,444 |   |
| Oil                    and gas           |   |     | 8,078     |      |   | 2,169                            |   |                            | 1,584  |   |   | 3,557 |   |
|                                          |   | $        | 1,506,941 |      | $      | 15,614                           |   | $                               | 4,138  |   | $ | 6,261 |   |
| For                    the three months ended |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| September                    30, 2005         |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| Marketing                                |   | $        | 618,395   |      | $      | 5,914                            |   | $                               | 311    |   | $ | 122 |   |
| Transportation                                |   |     | 13,867    |      |   | 1,231                            |   |                            | 822    |   |   | 1,415 |   |
| Oil                    and gas           |   |     | 4,745     |      |   | 1,883                            |   |                            | 590    |   |   | 715 |   |
|                                          |   | $        | 637,007   |      | $      | 9,028                            |   | $                               | 1,723  |   | $ | 2,252 |   |
| For                    the three months ended |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| September                    30, 2004         |   |     |      |      |   |                             |   |                            |   |   |   |   |   |
| Marketing                                |   | $        | 534,875   |      | $      | 6,070                            |   | $                               | 297    |   | $ | 79 |   |
| Transportation                                |   |     | 12,546    |      |   | 1,609                            |   |                            | 545    |   |   | 441 |   |
| Oil                    and gas           |   |     | 2,972     |      |   | 1,021                            |   |                            | 574    |   |   | 2,000 |   |
|                                          |   | $        | 550,393   |      | $      | 8,700                            |   | $                               | 1,416  |   | $ | 2,520 |   |

**(in          thousands)**

|                                 |   | September                    30, |    | December                    31, |   |
|--------------------------------------|--------|----------------------------------|---------|---------------------------------|--------|
|                                 |   | 2005                             |    | 2004                            |   |
| Marketing                       |   | $                                | 242,614 |                            | $      | 178,691 |   |
| Transportation                  |   |                             | 22,718  |                            |   | 22,308 |   |
| Oil                    and gas  |   |                             | 16,819  |                            |   | 15,354 |   |
| Other                           |   |                             | 28,131  |                            |   | 22,501 |   |
|                                 |   | $                                | 310,282 |                            | $      | 238,854 |   |

**(in          thousands)**

----

|                                                   |   | Nine                    months ended |   | Three                    months ended |   |
|--------------------------------------------------------|--------|--------------------------------------|--------|---------------------------------------|--------|
|                                                   |   | September                    30,     |   | September                    30,      |   |
|                                                   |   | 2005                                 |   | 2004                                  |   | 2005 |   | 2004 |   |
| Segment                    operating earnings     |   | $                                    | 20,835 |                                  | $      | 15,614 |   | $ | 9,028 |   | $ | 8,700 |   |
| -                    General and administrative        |   |                                 | (6,494 | )                                     |   | (5,574 | ) |   | (1,959 | ) |   | (2,120 | ) |
| Operating                    earnings             |   |                                 | 14,341 |                                  |   | 10,040 |   |   | 7,069 |   |   | 6,580 |   |
| -                    Interest income              |   |                                 | 116    |                                  |   | 39 |   |   | 57 |   |   | 12 |   |
| -                    Interest expense             |   |                                 | (80    | )                                     |   | (78 | ) |   | (28 | ) |   | (17 | ) |
| Earnings                    from continuing operations |   |                                 |   |                                  |   |   |   |   |   |   |   |   |   |
| before                    income taxes            |   | $                                    | 14,377 |                                  | $      | 10,001 |   | $ | 7,098 |   | $ | 6,575 |   |

----

*Le          Petit Chateau De Luxe, et. al. vs Great Southern Oil &*
*Gas          Co., et. al*

**(in          thousands):**

|                                     |   | 2005 |   | 2006   |   | 2007 |   | 2008 |   | 2009   |   | Thereafter |   | Total |   |
|------------------------------------------|--------|------|--------|--------|--------|------|--------|------|--------|--------|--------|------------|--------|-------|--------|
| Lease                    residual values |   | $    | -      |   | $      | 150  |   | $    | -      |   | $      | 304        |   | $     | 1,475  |   | $ | 704 |   | $ | 2,633 |   |

----

**(in          thousands):**

|                                           |   | 2005   |   | 2006   |   | 2007  |   | 2008   |   | 2009   |   | Thereafter |   | Total  |   |
|------------------------------------------------|--------|--------|--------|--------|--------|-------|--------|--------|--------|--------|--------|------------|--------|--------|--------|
| Bank                    debt              |   | $      | -      |   | $      | 1,434 |   | $      | 5,738  |   | $      | 4,303      |   | $      | -      |   | $ | - |   | $ | 11,475 |   |
| Operating                    leases       |   |   | 1,113  |   |   | 4,046 |   |   | 3,748  |   |   | 3,549      |   |   | 1,226  |   |   | 448 |   |   | 14,130 |   |
| Lease                    residual values  |   |   | -      |   |   | 150   |   |   | -      |   |   | 304        |   |   | 1,475  |   |   | 704 |   |   | 2,633 |   |
| Commodity                    purchases    |   |   | 44,797 |   |   | -     |   |   | -      |   |   | -          |   |   | -      |   |   | - |   |   | 44,797 |   |
| Letters                    of credit      |   |   | 36,171 |   |   | -     |   |   | -      |   |   | -          |   |   | -      |   |   | - |   |   | 36,171 |   |
|                                           |   | $      | 82,081 |   | $      | 5,630 |   | $      | 9,486  |   | $      | 8,156      |   | $      | 2,701  |   | $ | 1,152 |   | $ | 109,206 |   |

|                                   |   | Nine                    Months Ended  |      | Three                    Months Ended |   |
|----------------------------------------|--------|---------------------------------------|-----------|---------------------------------------|--------|
|                                   |   | September                    30, 2005 |      | September                    30, 2005 |   |
|                                   |   | As                    Previously      |      |                                  |   | As                    Previously |   |   |   |
|                                   |   | Reported                              |      | As                    Restated        |   | Reported |   | As                    Restated |   |
| Revenues:                              |   |                                  |      |                                  |   |   |   |   |   |   |   |   |   |
| Marketing                              |   | $                                     | 1,812,195 |                                  | $      | 1,654,585 |   | $ | 776,005 |   | $ | 618,395 |   |
| Costs                    and expenses: |   |                                  |      |                                  |   |   |   |   |   |   |   |   |   |
| Marketing                              |   | $                                     | 1,799,224 |                                  | $      | 1,641,614 |   | $ | 769,780 |   | $ | 612,170 |   |
|                                   |   |                                  |      |                                  |   |   |   |   |   |   |   |   |   |
|                                   |   |                                  |      |                                  |   |   |   |   |   |   |   |   |   |

----

|   | - | *Marketing* |
|--------|---|-------------|

**in          thousands**

|                                        |   | Nine                    Months Ended |      | Three                    Months Ended |   |
|---------------------------------------------|--------|--------------------------------------|-----------|---------------------------------------|--------|
|                                        |   | September                    30,     |      | September                    30,      |   |
|                                        |   | 2005                                 |      | 2004                                  |   | 2005 |   | 2004 |   |
|                                        |   |                                 |      |
| Revenues                               |   | $                                    | 1,654,585 |                                  | $      | 1,464,167 |   | $ | 618,395 |   | $ | 534,875 |   |
|                                        |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Operating                    earnings  |   | $                                    | 12,019    |                                  | $      | 9,729 |   | $ | 5,914 |   | $ | 6,070 |   |
|                                        |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Depreciation                           |   | $                                    | 952       |                                  | $      | 875 |   | $ | 311 |   | $ | 297 |   |
|                                        |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |

|                                                  |   | Nine                    Months Ended |    | Three                    Months Ended |   |
|-------------------------------------------------------|--------|--------------------------------------|---------|---------------------------------------|--------|
|                                                  |   | September                    30,     |    | September                    30,      |   |
|                                                  |   | 2005                                 |    | 2004                                  |   | 2005 |   | 2004 |   |
|                                                  |   |                                 |    |                                  |   |   |   |   |   |
| Wellhead                    Purchases - Per day (1)   |   |                                 |    |                                  |   |   |   |   |   |   |   |   |   |
|                                                  |   |                                 |    |                                  |   |   |   |   |   |   |   |   |   |
| Crude                    oil - barrels           |   |                                 | 67,600  |                                  |   | 75,900 |   |   | 63,000 |   |   | 75,700 |   |
|                                                  |   |                                 |    |                                  |   |   |   |   |   |   |   |   |   |
| Natural                    gas - mmbtu’s   |   |                                 | 299,000 |                                  |   | 300,000 |   |   | 269,000 |   |   | 274,000 |   |
|                                                  |   |                                 |    |                                  |   |   |   |   |   |   |   |   |   |
| Average                    Purchase Price             |   |                                 |    |                                  |   |   |   |   |   |   |   |   |   |
|                                                  |   |                                 |    |                                  |   |   |   |   |   |   |   |   |   |
| Crude                    Oil - per barrel        |   | $                                    | 52.21   |                                  | $      | 37.62 |   | $ | 59.72 |   | $ | 42.06 |   |
|                                                  |   |                                 |    |                                  |   |   |   |   |   |   |   |   |   |
| Natural                    Gas - per mmbtu       |   | $                                    | 7.01    |                                  | $      | 5.57 |   | $ | 8.53 |   | $ | 5.44 |   |

----

|   | - | *Transportation* |
|--------|---|------------------|

**in          thousands**

|                                        |   | Nine                    Months Ended |   |   |   | Three                    Months Ended |   |     |   |
|---------------------------------------------|--------|--------------------------------------|--------|--------|--------|---------------------------------------|--------|----------|--------|
|                                        |   | September                    30,     |   |   |   | September                    30,      |   | Increase |   |
|                                        |   | 2005                                 |   | 2004   |   | Increase                              |   | 2005     |   | 2004 |   | (Decrease) |   |
|                                        |   |                                 |   |   |   |                                  |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                               |   | $                                    | 41,765 |   | $      | 34,696                                |   |     | 20     | % | $ | 13,867 |   | $ | 12,546 |   |   | 11 | % |
|                                        |   |                                 |   |   |   |                                  |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Operating                    earnings  |   | $                                    | 4,225  |   | $      | 3,716                                 |   |     | 14     | % | $ | 1,231 |   | $ | 1,609 |   |   | (23) | % |
|                                        |   |                                 |   |   |   |                                  |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                           |   | $                                    | 2,139  |   | $      | 1,679                                 |   |     | 27     | % | $ | 822 |   | $ | 545 |   |   | 51 | % |

----

|   | -* * | *Oil                    and Gas* |
|--------|-----------|----------------------------------|

**in          thousands**
**:**

|                                                |   | Nine                    Months Ended |   | Three                    Months Ended |   |
|-----------------------------------------------------|--------|--------------------------------------|--------|---------------------------------------|--------|
|                                                |   | September                    30,     |   | September                    30,      |   |
|                                                |   | 2005                                 |   | 2004                                  |   | Increase |   | 2005 |   | 2004 |   | Increase |   |
| Revenues                                       |   | $                                    | 10,495 |                                  | $      | 8,078 |   |   | 30 | % | $ | 4,745 |   | $ | 2,972 |   |   | 60 | % |
|                                                |   |                                 |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                    earnings          |   | $                                    | 4,591  |                                  | $      | 2,169 |   |   | 112 | % | $ | 1,883 |   | $ | 1,021 |   |   | 84 | % |
|                                                |   |                                 |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                    and depletion  |   | $                                    | 2,022  |                                  | $      | 1,584 |   |   | 28 | % | $ | 590 |   | $ | 574 |   |   | 3 | % |

----

|                                              |   | Nine                    Months Ended |      | Three                    Months Ended |   |
|---------------------------------------------------|--------|--------------------------------------|-----------|---------------------------------------|--------|
|                                              |   | September                    30,     |      | September                    30,      |   |
|                                              |   | 2005                                 |      | 2004                                  |   | 2005 |   | 2004 |   |
| Crude                    Oil                      |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
|                                              |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Volume                    - barrels          |   |                                 | 51,300    |                                  |   | 54,400 |   |   | 19,700 |   |   | 19,200 |   |
|                                              |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Average                    price per barrel  |   | $                                    | 53.09     |                                  | $      | 37.48 |   | $ | 59.99 |   | $ | 40.71 |   |
|                                              |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Natural                    gas                    |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
|                                              |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Volume                    - mcf              |   |                                 | 1,048,000 |                                  |   | 997,000 |   |   | 432,000 |   |   | 327,000 |   |
|                                              |   |                                 |      |                                  |   |   |   |   |   |   |   |   |   |
| Average                    price per mcf     |   | $                                    | 7.41      |                                  | $      | 6.06 |   | $ | 8.23 |   | $ | 6.71 |   |

----

*-General          and administrative and income tax*

*Discontinued          operations*

*-Outlook*

----

**(in          thousands):**

|                                                              |   | Nine                    Months Ended |   |
|-------------------------------------------------------------------|--------|--------------------------------------|--------|
|                                                              |   | September                    30,     |   |
|                                                              |   |                                 | 2005   |   |   | 2004 |   |
| Earnings                    from continuing operations       |   | $                                    | 9,755  |   | $ | 6,558 |   |
| Depreciation,                    depletion and amortization  |   |                                 | 5,113  |   |   | 4,138 |   |
| Property                    and equipment additions          |   |                                 | (8,415 | ) |   | (6,261 | ) |
|                                                              |   |                                 |   |   |   |   |   |
| Cash                    available for other uses             |   | $                                    | 6,453  |   | $ | 4,435 |   |

*Banking          Relationships*

----

*Fair          Value Accounting*

| 1.   | Gross                  margins, derived from certain aspects of the Company’s ongoing business,                  are front-ended into the period in which contracts are executed.                  Meanwhile, personnel and other costs associated with servicing                  accounts as                  well as substantially all risks associated with the execution of                  contracts                  are expensed as incurred during the period of physical product                  flow and                  title passage. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.   | Mark-to-market                  earnings are calculated based on stated contract volumes. A significant                  risk associated with the Company’s business is the conversion of stated                  contract or planned volumes into actual physical commodity movement                  volumes without a loss of margin. Again the planned profit from                  such                  commodity contracts is bunched and front-ended into one period                  while the                  risk of loss associated with the difference between actual versus                  planned                  production or usage volumes falls in a subsequent                  period. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.   | Cash                  flows, by their nature, match physical movements and passage of                  title.                  Mark-to-market accounting, on the other hand, creates a mismatch                  between                  reported earnings and cash flows. This complicates and confuses                  the                  picture of stated financial conditions and                  liquidity. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*-*
*Trade          Accounts*

*-Oil          and Gas Reserve Estimate*

*-Contingencies*

----

*-Interest          Rate Risk*

*-Commodity          Price Risk*

**(in          thousands):**

|                                                                              |   | 2005   |   | 2004   |   |
|-----------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| Net                    fair value on January 1,                              |   | $      | 630    |   | $      | 692 |   |
| Activity                    during the period                                     |   |   |   |   |   |   |   |
| -                    Cash received from settled contracts                    |   |   | (890   | )      |   | (720 | ) |
| -                    Net realized gain from prior years’ contracts     |   |   | 308    |   |   | 126 |   |
| -                    Net unrealized (loss) from prior years’contracts  |   |   | -      |   |   | (30 | ) |
| -                    Net unrealized gain from prior years’ contracts   |   |   | 5      |   |   | - |   |
| -                    Net unrealized gain from current year contracts         |   |   | 403    |   |   | 652 |   |
| -                    Net fair value on September 30,                         |   | $      | 456    |   | $      | 720 |   |

----

----

----

**PART          II. OTHER INFORMATION**

*Le          Petit Chateau De Luxe, et. al. vs Great Southern Oil &*
*Gas          Co., et. al*

| 31.1   | Certification                    of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                    Act of 2002 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                     |
| 31.2   | Certification                    of Chief Financial officer pursuant to Section 302 of the Sarbanes-Oxley                    Act of 2002 |
|   |                                                                                                                                     |
| 32.1   | Certification                    of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley                    of 2002     |
|   |                                                                                                                                     |
| 32.2   | Certification                    of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley                    Act of 2002 |
|   |                                                                                                                                     |

----

|                                    | ADAMS                    RESOURCES & ENERGY, INC           |
|-----------------------------------------|----------------------------------------------------------------|
|                                    | (Registrant)                                                   |
|                                    |                                                           |
|                                    |                                                           |
|                                    |                                                           |
| Date:                    March 20, 2006 | By                    /s/K.                    S. Adams, Jr.   |
|                                    | K.                    S. Adams, Jr.                            |
|                                    | Chief                    Executive Officer                     |
|                                    |                                                           |
|                                    |                                                           |
|                                    | By                    /s/Frank                    T. Webster   |
|                                    | Frank                    T. Webster                            |
|                                    | President                    & Chief Operating Officer     |
|                                    |                                                           |
|                                    |                                                           |
|                                    | By                    /s/Richard                    B. Abshire |
|                                    | Richard                    B. Abshire                          |
|                                    | Chief                    Financial Officer                     |

----

**EXHIBIT          INDEX**

| Exhibit |                                                                                                                                   |
|---------|----------------------------------------------------------------------------------------------------------------------------------------|
| Number  | Description                                                                                                                            |
|    |                                                                                                                                   |
| 31.1    | Certificate                    of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                    Act of 2002 |
|    |                                                                                                                                   |
| 31.2    | Certificate                    of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley                    Act of 2002 |
|    |                                                                                                                                   |
| 32.1    | Certificate                    of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley                    Act of 2002 |
|    |                                                                                                                                   |
| 32.2    | Certificate                    of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley                    Act of 2002 |

----