Exhibit

“Second quarter results reflect improved execution and continued strong demand at Trecora Chemical while South Hampton Resources endured several customer-based production disruptions that impacted sales volume in the quarter,” said Simon Upfill-Brown, president and CEO. “Reduced operating leverage resulting from lower volume, combined with higher operating expenses, including non-recurring expenses related to the commissioning of the Advanced Reformer, pressured reported margins in the quarter; however, we expect those headwinds to lessen over the balance of the year. In addition, we are continuing price leadership efforts to mitigate the pressures in many parts of our business, including higher feedstock costs.

“We have taken many positive steps in recent months to enhance our production capabilities and improve our organizational structure as we focus on operational execution and build a platform for growth,” continued Upfill-Brown. “We have taken a methodical approach to change with an emphasis on safety, and I am pleased with our progress, but we have more work to do. Recent executive appointments will help reinforce our operational transformation, and a renewed focus on driving value and volume will solidify our competitive position in the marketplace.

“Having recently completed our multi-year capital building campaign with the safe and successful commissioning of our Advanced Reformer, we expect to leverage a strong competitive position, new, advanced production facilities and a supportive market to drive revenue and significantly grow adjusted EBITDA,” concluded Upfill-Brown. “In addition, with no large capital projects on the horizon, we expect annual cash capital requirements to decline to a range of $6 - $8 million per year allowing incremental cash generated by the business to reduce leverage and strengthen our balance sheet. I am confident we are well positioned to deliver reliable production for customers and solid returns to shareholders.”

On July 31, 2018, the Company took advantage of a strong credit market to amend and extend its Credit Facility. As a result, the Company extended its debt maturity to July 2023, increased the size of its Revolving Facility to $75 million from $60 million, lowered its borrowing costs and received less restrictive covenants from lenders.

Total revenue in the second quarter was $68.1 million, compared with $62.1 million in the second quarter of 2017, an increase of 9.6%. The increase in reported revenue was driven by a 17.0% increase in the average sales price of petrochemical products, partially offset by a 5.3% decline in petrochemical sales volume, in each case, compared with the second quarter of 2017. The higher average sales price was offset by a 34% year-over-year increase in the average per-gallon cost of petrochemical feedstock, which is the basis for the formula pricing for about 65% of the Company’s petrochemical product sales. Since formula pricing is based upon prior month feedstock averages, sales price increases tend to lag behind higher feedstock costs resulting in lower margins in the period.

Net income for the second quarter was $2.2 million, or $0.09 per diluted share, compared with $0.8 million, or $0.03 per diluted share, for the second quarter of 2017. Adjusted net income for the quarter was $2.0 million, or $0.08 per diluted share. Reported net income in the second quarter of 2018 reflected equity in earnings of AMAK of $0.2 million, or an estimated $0.01 per diluted share on an after-tax basis. Net income in the second quarter of 2017 reflected an equity in losses for AMAK of $3.3 million, or an estimated impact of $(0.09) per diluted share on an after-tax basis. Net income margin for the second quarter was 3.3% as compared to 1.3% for the second quarter of 2017.

Petrochemical volume in the second quarter was 19.7 million gallons, compared with 20.8 million gallons in the second quarter of 2017. Prime product volume in the second quarter of 2018 was 16.1 million gallons, compared with 16.3 million gallons in the second quarter of 2017. Byproduct volume, which is sold at significantly lower margins than prime products, decreased 35.4% sequentially and 19.8% year-over-year, to 3.6 million gallons. Margins were compressed due to higher feedstock costs and higher operating expenses including higher costs for labor, maintenance and freight. Some of the increase in costs were non-recurring expenses related to the commissioning of the Advanced Reformer. Byproduct margins were higher compared to the second quarter of 2017. Net income margin for the second quarter was 5.1% as compared to 8.5% for the second quarter of 2017.



Dollar amounts in thousands/rounding may apply	THREE MONTHS ENDED
	JUNE 30,
	2018		2017		% Change
Product sales		$56,135		$50,508	11	%
Processing fees	1,685		2,071		(19	)%
Gross revenues		$57,820		$52,579	10	%
Operating profit before depreciation and amortization	6,095		8,761		(30	)%
Operating profit	4,440		7,217		(38	)%
Profit before taxes	3,859		6,598		(42	)%
Depreciation and amortization	1,655		1,544		7	%
EBITDA	6,125		8,755		(30	)%
Capital expenditures	3,529		9,021		(61	)%

In the second quarter, TC generated revenues of $10.3 million, up 7.9% from $9.5 million in the second quarter of 2017. TC revenue included $7.4 million of wax product sales, up 14.2%, and $2.9 million of custom processing fees, down 5.8%, when compared with the second quarter of 2017. Strong wax sales driven by enhanced sales mix as well as greater sales volume was partially offset by lower custom processing revenues. Net income margin for the second quarter was (4.9%) as compared to (2.8%) for the second quarter of 2017.



Dollar amounts in thousands/rounding may apply	THREE MONTHS ENDED
	JUNE 30,
	2018		2017		% Change
Product sales		$7,434		$6,508	14	%
Processing fees	2,852		3,028		(6	)%
Gross revenues		$10,286		$9,536	8	%
Operating profit before depreciation and amortization	1,164		810		44	%
Operating loss	(201)		(198)		(2	)%
Profit (loss) before taxes	(506)		(269)		(88	)%
Depreciation and amortization	1,365		1,008		35	%
EBITDA	1,140		802		42	%
Capital expenditures	877		4,931		(82	)%

Net income for the first six months of 2018 was $4.6 million, compared with $2.3 million in the same period of 2017. Diluted EPS was $0.18, compared with $0.09 in the same period of 2017. Net income in the first half of 2018 was positively affected by equity in earnings of AMAK of $0.5 million, or $0.01 per diluted share on an after tax basis. In the first half of 2017, net income was negatively affected by equity in losses of AMAK of $4.3 million, or $(0.11) per diluted share on an after-tax basis. Net income margin for the first half of 2018 was 3.3% as compared to 2.0% for the first half of 2017.

Petrochemical volume in the first half was 43.0 million gallons, compared with 38.2 million gallons in the first half of 2017. Prime product volume in the first half of 2018 was 33.7 million gallons, compared with 30.2 million gallons in the first half of 2017. Byproduct volume, which is sold at lower margins, was up 16.4% year-over-year to 9.3 million gallons. Margins were compressed due to higher feedstock costs and higher operating expenses including higher costs for labor, maintenance and freight. Some of the increase in costs were non-recurring expenses related to the commissioning of the Advanced Reformer. Net income margin for the first half of 2018 was 6.6% as compared to 8.6% for the first half of 2017.



Dollar amount in thousands – rounding may apply	SIX MONTHS ENDED
	JUNE 30,
	2018		2017		% Change
Product sales	$	116,420	$	94,899	23	%
Processing fees	3,713		3,559		4	%
Net revenues	120,133		98,458		22	%
Operating profit before depreciation and amortization	14,488		16,975		(15	)%
Operating profit	11,119		13,875		(20	)%
Profit before taxes	9,913		12,601		(21	)%
Depreciation and amortization	3,369		3,100		9	%
EBITDA	14,515		16,949		(14	)%
Capital expenditures	13,812		17,777		(22	)%



Dollar amount in thousands – rounding may apply	SIX MONTHS ENDED
	JUNE 30,
	2018		2017		% Change
Product sales	$	13,817	$	13,016	6	%
Processing fees	6,064		6,183		(2	)%
Net revenues	19,881		19,199		4	%
Operating profit before depreciation and amortization	1,554		1,555		0	%
Operating profit (loss)	(1,115)		(469)		(138	)%
Profit (loss) before taxes	(1,687)		(559)		(202	)%
Depreciation and amortization	2,669		2,024		32	%
EBITDA	1,519		1,528		(1	)%
Capital expenditures	1,622		10,056		(84	)%

The Company reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). This press release contains the non-GAAP measures: EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Net Income. We define EBITDA as net income plus interest expense including derivative gains and losses, income taxes, depreciation and amortization. We define Adjusted EBITDA as EBITDA plus share-based compensation, plus or minus equity in AMAK's earnings and losses or gains from equity issuances and plus or minus gains or losses on acquisitions. We define Adjusted Net Income as net income plus or minus tax effected equity in AMAK's earnings and losses and plus or minus tax effected gains or losses on acquisitions. These measures are not measures of financial performance or liquidity under U.S. GAAP and should be considered in addition to, not as a substitute for, net income (loss), nor as an indicator of cash flows reported in accordance with U.S. GAAP. These measures are used as supplemental financial measures by management and external users of our financial statements such as investors, banks, research analysts and others. We believe that these non-GAAP measures are useful as they exclude transactions not related to our core cash operating activities.

Statements in this press release that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon our belief, as well as, assumptions made by and information currently available to us. Because such statements are based upon expectations as to future economic performance and are not statements of fact, actual results may differ from those projected. These risks, as well as others, are discussed in greater detail in Trecora Resources' filings with the Securities and Exchange Commission, including Trecora Resources' Annual Report on Form 10-K for the year ended December 31, 2017, and the Company's subsequent Quarterly Reports on Form 10-Q. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release.

TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high purity hydrocarbons and other petrochemical manufacturing. TREC also owns and operates a leading manufacturer of specialty polyethylene waxes and provider of custom processing services located in the heart of the Petrochemical complex in Pasadena, Texas. In addition, the Company is the original developer and a 33.4% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company.



	JUNE 30, 2018 (unaudited)		DECEMBER 31, 2017
ASSETS	(thousands of dollars)
Current Assets
Cash	$	3,387	$	3,028
Trade receivables, net	26,467		25,779
Insurance receivable	493		--
Inventories	17,003		18,450
Prepaid expenses and other assets	5,188		4,424
Taxes receivable	1,291		5,584
Total current assets	53,829		57,265

Plant, pipeline and equipment, net	192,084		181,742

Goodwill	21,798		21,798
Intangible assets, net	19,877		20,808
Investment in AMAK	45,452		45,125
Mineral properties in the United States	588		588

TOTAL ASSETS	$	333,628	$	327,326
LIABILITIES
Current Liabilities
Accounts payable	$	11,927	$	18,347
Accrued liabilities	5,638		3,961
Current portion of post-retirement benefit	28		305
Current portion of long-term debt	8,061		8,061
Current portion of other liabilities	916		870
Total current liabilities	26,570		31,544

Long-term debt, net of current portion	97,015		91,021
Post-retirement benefit, net of current portion	365		897
Other liabilities, net of current portion	1,297		1,611
Deferred income taxes	18,315		17,242
Total liabilities	143,562		142,315

EQUITY
Common stock‑authorized 40 million shares of $.10 par value; issued 24.5 million in 2018 and 2017 and outstanding 24.3 million shares in 2018 and 2017	2,451		2,451
Additional paid-in capital	56,365		56,012
Common stock in treasury, at cost	(61)		(196)
Retained earnings	131,022		126,455
Total Trecora Resources Stockholders’ Equity	189,777		184,722
Noncontrolling Interest	289		289
Total equity	190,066		185,011

TOTAL LIABILITIES AND EQUITY	$	333,628	$	327,326



	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2018		2017		2018		2017
	(thousands of dollars)				(thousands of dollars)
REVENUES
Petrochemical and Product Sales	$	63,569	$	57,016	$	130,268	$	107,915
Processing Fees	4,537		5,099		9,579		9,742
	68,106		62,115		139,847		117,657

OPERATING COSTS AND EXPENSES
Cost of Sales and Processing
(including depreciation and amortization of $2,837, $2,363, $5,667, and $4,746, respectively)	59,964		51,008		121,565		95,932

GROSS PROFIT	8,142		11,107		18,282		21,725

GENERAL AND ADMINISTRATIVE EXPENSES
General and Administrative	4,554		5,740		10,889		11,961
Depreciation	191		205		387		410
	4,745		5,945		11,276		12,371

OPERATING INCOME	3,397		5,162		7,006		9,354

OTHER INCOME (EXPENSE)
Interest Income	14		--		21		--
Interest Expense	(815)		(678)		(1,693)		(1,314)
Equity in Earnings (Losses) of AMAK	228		(3,298)		458		(4,264)
Miscellaneous Expense	(13)		(22)		(39)		(64)
	(586)		(3,998)		(1,253)		(5,642)

INCOME BEFORE INCOME TAXES	2,811		1,164		5,753		3,712

INCOME TAXES	596		332		1,186		1,393

NET INCOME	2,215		832		4,567		2,319

NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	--		--		--		--

NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES	$	2,215	$	832	$	4,567	$	2,319

Basic Earnings per Common Share
Net Income Attributable to Trecora Resources (dollars)	$	0.09	$	0.03	$	0.19	$	0.10

Basic Weighted Average Number of Common Shares Outstanding	24,370		24,256		24,354		24,248

Diluted Earnings per Common Share
Net Income Attributable to Trecora Resources (dollars)	$	0.09	$	0.03	$	0.18	$	0.09

Diluted Weighted Average Number of Common Shares Outstanding	25,014		25,034		25,119		25,044



	THREE MONTHS ENDED 6/30/18										THREE MONTHS ENDED 6/30/17
	TC			SHR			CORP	TREC			TC			SHR			CORP	TREC
NET INCOME (LOSS)	$(506)				$2,928		$(207)		$2,215		$(269)				$4,477		$(3,376)		$832
Interest	281			612			(78)	815			63			613			2	678
Taxes	-			930			(334)	596			-			2,121			(1,789)	332
Depreciation and amortization	22			161			8	191			21			168			16	205
Depreciation and amortization in cost of sales	1,343			1,494			-	2,837			987			1,376			-	2,363
EBITDA	1,140			6,125			(611)	6,654			802			8,755			(5,147)	4,410
Share based compensation	-			-			(220)	(220)			-			-			656	656
Equity in losses (earnings) of AMAK	-			-			(228)	(228)			-			-			3,298	3,298
Adjusted EBITDA		$1,140			$6,125		$(1,059)		$6,206			$802			$8,755		$(1,193)		$8,364

Revenue	10,286			57,820				68,106			9,536			52,579				62,115
Adjusted EBITDA Margin	11.1		%	10.6		%		9.1		%	9.8		%	16.7		%		13.5		%
(adjusted EBITDA/revenue)



	SIX MONTHS ENDED 6/30/18										SIX MONTHS ENDED 6/30/17
	TC			SHR			CORP	TREC			TC			SHR			CORP	TREC
NET INCOME (LOSS)	$(1,687)				$7,898		$(1,644)		$4,567		$(559)				$8,459		$(5,581)		$2,319
Interest	537			1,233			(77)	1,693			63			1,248			3	1,314
Taxes	-			2,015			(829)	1,186			-			4,142			(2,749)	1,393
Depreciation and amortization	44			327			16	387			42			335			32	409
Depreciation and amortization in cost of sales	2,625			3,042			-	5,667			1,982			2,765			-	4,747
EBITDA	1,519			14,515			(2,534)	13,500			1,528			16,949			(8,295)	10,182
Share based compensation	-			-			372	372			-			-			1,289	1,289
Equity in losses (earnings) of AMAK	-			-			(458)	(458)			-			-			4,264	4,264
Adjusted EBITDA		$1,519			$14,515		$(2,620)		$13,414			$1,528			$16,949		$(2,742)		$15,735

Revenue	19,881			120,132			(166)	139,847			19,199			98,458				117,657
Adjusted EBITDA Margin	7.6		%	12.1		%		9.6		%	8.0		%	17.2		%		13.4		%
(adjusted EBITDA/revenue)



	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
Net Income	$	2,215		$	832		$	4,567		$	2,319

Equity in losses (earnings) of AMAK	$	(228	)	$	3,298		$	(458	)	$	4,264
Taxes at statutory rate of 21% and 35%, respectively	48			(1,154)			96			(1,492)
Tax effected equity in losses (earnings)	(180)			2,144			(362)			2,772
Adjusted Net Income	$	2,035		$	2,976		$	4,205		$	5,091
Diluted weighted average number of shares	25,014			25,034			25,119			25,044
Estimated effect on diluted EPS (-tax effected equity in AMAK/diluted weighted average number of shares)		$0.01			($0.090	)		$0.01			($0.110	)