Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Petrochemical and Product Sales $ 47,181 $ 50,541
Processing Fees 5,019 4,602
Total Revenues 52,200 55,143
OPERATING COSTS AND EXPENSES    
Cost of Sales and Processing (including depreciation and amortization of $2,219 and $2,026, respectively) 40,429 40,020
GROSS PROFIT 11,771 15,123
GENERAL AND ADMINISTRATIVE EXPENSES    
General and Administrative 5,449 5,175
Depreciation 177 215
Total General and Administrative Expenses 5,626 5,390
OPERATING INCOME 6,145 9,733
OTHER INCOME (EXPENSE)    
Interest Income 4 6
Interest Expense (628) (613)
Equity in Earnings of AMAK 5,367 59
Miscellaneous Income (Expense) (17) 26
Total Other Income (Expense) 4,726 (522)
INCOME BEFORE INCOME TAXES 10,871 9,211
INCOME TAXES 3,647 3,427
NET INCOME 7,224 5,784
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0
NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES $ 7,224 $ 5,784
Basic Earnings per Common Share    
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.30 $ 0.24
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,484 24,309
Diluted Earnings per Common Share    
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.29 $ 0.23
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 25,085 25,144