Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Petrochemical and Product Sales $ 52,115 $ 63,190 $ 143,662 $ 170,396
Processing Fees 5,027 3,748 14,534 11,035
Total Revenues 57,142 66,938 158,196 181,431
OPERATING COSTS AND EXPENSES        
Cost of Sales and Processing (including depreciation and amortization of $2,373, $2,118, $6,620, and $6,083, respectively) 48,237 50,903 125,946 135,679
GROSS PROFIT 8,905 16,035 32,250 45,752
GENERAL AND ADMINISTRATIVE EXPENSES        
General and Administrative 4,585 4,778 15,525 14,886
Depreciation 192 194 556 579
Total General and Administrative Expenses 4,777 4,972 16,081 15,465
OPERATING INCOME 4,128 11,063 16,169 30,287
OTHER INCOME (EXPENSE)        
Interest Expense (568) (535) (1,803) (1,718)
Bargain purchase gain from acquisition 0 0 11,549 0
Equity in Earnings (Losses) of AMAK (2,089) (2,054) 5,079 (2,364)
Miscellaneous Income (Expense) (72) 7 38 6
Total other income (expense) (2,729) (2,582) 14,863 (4,076)
INCOME BEFORE INCOME TAXES 1,399 8,481 31,032 26,211
INCOME TAXES 659 3,163 10,984 8,735
NET INCOME 740 5,318 20,048 17,476
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0 0 0
NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES $ 740 $ 5,318 $ 20,048 $ 17,476
Basic Earnings per Common Share        
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.03 $ 0.22 $ 0.82 $ 0.72
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,507 24,369 24,498 24,344
Diluted Earnings per Common Share        
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.03 $ 0.21 $ 0.80 $ 0.69
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 25,205 25,228 25,158 25,176