Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Petrochemical product sales $ 55,829 $ 32,783
Processing Fees 966 973
Total Revenues 56,795 33,756
Operating costs and expenses    
Cost of petrochemical product sales and Processing (including depreciation of $724 and $672, respectively) 50,077 30,464
GROSS PROFIT 6,718 3,292
GENERAL AND ADMINISTRATIVE EXPENSES    
General and administrative 2,987 2,508
Depreciation 124 112
Total General and Administrative Expenses 3,111 2,620
OPERATING INCOME 3,607 672
OTHER INCOME (EXPENSE)    
Interest income 0 1
Interest expense (165) (166)
Losses on Cash Flow Hedge Reclassified from OCI (94) (107)
Miscellaneous income (expense) (73) 26
Total Other Income (Expenses) (332) (246)
INCOME BEFORE INCOME TAXES 3,275 426
INCOME TAXES 1,067 169
NET INCOME 2,208 257
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0
NET INCOME ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT COMPANY $ 2,208 $ 257
Basic Earnings per Common Share    
Net Income attributable to Arabian American Development Company (in dollars per share) $ 0.09 $ 0.01
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,043 23,988
Diluted Earnings per Common Share    
Net Income attributable to Arabian American Development Company (in dollars per share) $ 0.09 $ 0.01
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 24,977 24,716