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 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Petrochemical and Product Sales $ 57,016 $ 44,366 $ 107,915 $ 91,547
Processing Fees 5,099 4,488 9,742 9,507
Total Revenues 62,115 48,854 117,657 101,054
OPERATING COSTS AND EXPENSES        
Cost of Sales and Processing (including depreciation and amortization of $2,363, $2,028, $4,746, and $4,247, respectively) 51,008 37,280 95,932 77,709
GROSS PROFIT 11,107 11,574 21,725 23,345
GENERAL AND ADMINISTRATIVE EXPENSES        
General and Administrative 5,740 5,491 11,961 10,940
Depreciation 205 187 410 364
Total General and Administrative Expenses 5,945 5,678 12,371 11,304
OPERATING INCOME 5,162 5,896 9,354 12,041
OTHER INCOME (EXPENSE)        
Interest Expense (678) (607) (1,314) (1,235)
Bargain purchase gain from acquisition 0 11,549 0 11,549
Equity in Earnings (Losses) of AMAK (3,298) (1,017) (4,264) 4,350
Miscellaneous Income (Expense) (22) 123 (64) 110
Total other income (expense) (3,998) 10,048 (5,642) 14,774
INCOME BEFORE INCOME TAXES 1,164 15,944 3,712 26,815
INCOME TAXES 332 5,692 1,393 9,339
NET INCOME 832 10,252 2,319 17,476
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0 0 0
NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES $ 832 $ 10,252 $ 2,319 $ 17,476
Basic Earnings per Common Share        
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.03 $ 0.42 $ 0.10 $ 0.72
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,256 24,204 24,248 24,344
Diluted Earnings per Common Share        
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.03 $ 0.41 $ 0.09 $ 0.70
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 25,034 24,885 25,044 24,985