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, 2017
Mar. 31, 2016
REVENUES    
Petrochemical and Product Sales $ 50,899 $ 47,181
Processing Fees 4,643 5,019
Total Revenues 55,542 52,200
OPERATING COSTS AND EXPENSES    
Cost of Sales and Processing (including depreciation and amortization of $2,383 and $2,219, respectively) 44,924 40,429
GROSS PROFIT 10,618 11,771
GENERAL AND ADMINISTRATIVE EXPENSES    
General and Administrative 6,221 5,449
Depreciation 205 177
Total General and Administrative Expenses 6,426 5,626
OPERATING INCOME 4,192 6,145
OTHER INCOME (EXPENSE)    
Interest Income 2 4
Interest Expense (636) (628)
Equity in Earnings (Losses) of AMAK (966) 5,367
Miscellaneous Expense (44) (17)
Total other income (expense) (1,644) 4,726
INCOME BEFORE INCOME TAXES 2,548 10,871
INCOME TAXES 1,061 3,647
NET INCOME 1,487 7,224
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0
NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES $ 1,487 $ 7,224
Basic Earnings per Common Share    
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.06 $ 0.30
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,240 24,484
Diluted Earnings per Common Share    
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.06 $ 0.29
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 25,054 25,085