| 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        CONSOLIDATED STATEMENT OF OPERATIONS**

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

|                                                           |   | Nine                  Months Ended |      | Three                  Months Ended |   |
|----------------------------------------------------------------|--------|------------------------------------|-----------|-------------------------------------|--------|
|                                                           |   | September                  30,     |      | September                  30,      |   |
|                                                           |   |                               | 2005      |                                |   | 2004 |   |   | 2005 |   |   | 2004 |   |
| **REVENUES:**                                                  |   |                               |      |                                |   |   |   |   |   |   |   |   |   |
| Marketing                  (includes $532,402, $525,936,       |   |                               |      |                                |   |   |   |   |   |   |   |   |   |
| $193,149,                  and $203,112, respectively, of      |   |                               |      |                                |   |   |   |   |   |   |   |   |   |
| proceeds                  from buy/sell arrangements)          |   | $                                  | 1,812,195 |                                | $      | 1,464,167 |   | $ | 776,005 |   | $ | 534,875 |   |
| Transportation                                                 |   |                               | 41,765    |                                |   | 34,696 |   |   | 13,867 |   |   | 12,546 |   |
| Oil                  and gas                                   |   |                               | 10,495    |                                |   | 8,078 |   |   | 4,745 |   |   | 2,972 |   |
|                                                           |   |                               | 1,864,455 |                                |   | 1,506,941 |   |   | 794,617 |   |   | 550,393 |   |
| **COSTS                  AND EXPENSES:**                       |   |                               |      |                                |   |   |   |   |   |   |   |   |   |
| Marketing                  (includes $532,402, $525,936,       |   |                               |      |                                |   |   |   |   |   |   |   |   |   |
| $193,149,                  and $203,112, respectively,         |   |                               |      |                                |   |   |   |   |   |   |   |   |   |
| of                  costs from buy/sell arrangements)          |   |                               | 1,799,224 |                                |   | 1,453,563 |   |   | 769,780 |   |   | 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 |   |
|                                                           |   |                               | 1,850,114 |                                |   | 1,496,901 |   |   | 787,548 |   |   | 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 operation                   |   |                               | .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        CONSOLIDATED BALANCE SHEET**

**(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 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                  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        CONSOLIDATED STATEMENT OF CASH FLOWS**

**(In        thousands)**

|                                                                                                        |   | Nine                  Months Ended |    |
|-------------------------------------------------------------------------------------------------------------|--------|------------------------------------|---------|
|                                                                                                        |   | September                  30,     |    |
|                                                                                                        |   |                               | 2005    |   |   | 2004 |   |
| CASH                  PROVIDED BY OPERATIONS:                                                               |   |                               |    |   |   |   |   |
| 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                  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                  at beginning of period                                                                |   |                               | 19,942  |   |   | 28,342 |   |
|                                                                                                        |   |                               |    |   |   |   |   |
| Cash                  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 |   |

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

----

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

**NOTES        TO UNAUDITED**

**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                                   |   | $      | 1,812,195      |      | $      | 12,019                         |   | $                             | 952          |   | $ | 244 |   |
| Transportation                              |   |   | 41,765         |      |   | 4,225                          |   |                          | 2,139        |   |   | 3,836 |   |
| Oil                  and gas                |   |   | 10,495         |      |   | 4,591                          |   |                          | 2,022        |   |   | 4,335 |   |
|                                        |   | $      | 1,864,455      |      | $      | 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                                   |   | $      | 776,005        |      | $      | 5,914                          |   | $                             | 311          |   | $ | 122 |   |
| Transportation                              |   |   | 13,867         |      |   | 1,231                          |   |                          | 822          |   |   | 1,415 |   |
| Oil                  and gas                |   |   | 4,745          |      |   | 1,883                          |   |                          | 590          |   |   | 715 |   |
|                                        |   | $      | 794,617        |      | $      | 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 |   |

----

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

**in        thousands**

|                                |   | Nine                  Months Ended |      | Three                  Months Ended |   |
|-------------------------------------|--------|------------------------------------|-----------|-------------------------------------|--------|
|                                |   | September                  30,     |      | September                  30,      |   |
|                                |   |                               | 2005      |                                |   | 2004 |   |   | 2005 |   |   | 2004 |   |
| Revenues                            |   | $                                  | 1,812,195 |                                | $      | 1,464,167 |   | $ | 776,005 |   | $ | 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:                  November 9, 2005 | 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 |