Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.5.0.2
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2016
SEGMENT INFORMATION [Abstract]  
Segment Information
Our petrochemical segment includes SHR and GSPL.  Our specialty wax segment includes TC which includes the newly acquired plant discussed in Note 6.  We also separately identify our corporate overhead which includes financing and administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.

   
Three Months Ended September 30, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
  $ 47,250     $ 4,864     $ -     $ 52,114  
Processing fees
    2,909       2,119       -       5,028  
Net revenues
    50,159       6,983       -       57,142  
Operating profit (loss) before depreciation and amortization
    7,813       118       (1,238 )     6,693  
Operating profit (loss)
    6,366       (987 )     (1,251 )     4,128  
Depreciation and amortization
    1,447       1,105       13       2,565  
Capital expenditures
    5,411       4,066               9,477  

 
   
Nine Months Ended September 30, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
  $ 129,076     $ 14,585     $ -     $ 143,661  
Processing fees
    6,769       7,766       -       14,535  
Net revenues
    135,845       22,351       -       158,196  
Operating profit (loss) before depreciation and amortization
    25,699       2,774       (5,128 )     23,345  
Operating profit (loss)
    21,488       (171 )     (5,148 )     16,169  
Depreciation and amortization
    4,211       2,945       20       7,176  
Capital expenditures
    16,812       11,059               27,871  

 
   
Three Months Ended September 30, 2015
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
  $ 59,122     $ 4,068     $ -     $ 63,190  
Processing fees
    1,364       2,384       -       3,748  
Net revenues
    60,486       6,452       -       66,938  
Operating profit (loss) before depreciation and amortization
    13,636       1,393       (1,654 )     13,375  
Operating profit (loss)
    12,557       178       (1,672 )     11,063  
Depreciation and amortization
    1,079       1,215       18       2,312  
Capital expenditures
    4,857       1,766               6,623  

   
Nine Months Ended September 30, 2015
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
  $ 158,647     $ 11,749     $ -     $ 170,396  
Processing fees
    4,409       6,626       -       11,035  
Net revenues
    163,056       18,375       -       181,431  
Operating profit (loss) before depreciation and amortization
    38,197       3,897       (5,145 )     36,949  
Operating profit (loss)
    35,075       375       (5,163 )     30,287  
Depreciation and amortization
    3,122       3,522       18       6,662  
Capital expenditures
    17,876       5,664               23,540  

   
September 30, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Goodwill and intangible assets, net
  $ -     $ 44,932     $ -     $ -     $ 44,932  
Total assets
    209,319       104,924       100,264       (131,352 )     283,155  

   
Year Ended December 31, 2015
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Goodwill and intangible assets, net
  $ -     $ 46,347     $ -     $ -     $ 46,347  
Total assets
    195,358       86,076       98,728       (122,371 )     257,791