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, 2018
Mar. 31, 2017
REVENUES    
Petrochemical and Product Sales $ 66,699 $ 50,899
Processing Fees 5,042 4,643
Total Revenues 71,741 55,542
OPERATING COSTS AND EXPENSES    
Cost of Sales and Processing (including depreciation and amortization of $2,830 and $2,383, respectively) 61,601 44,924
GROSS PROFIT 10,140 10,618
GENERAL AND ADMINISTRATIVE EXPENSES    
General and Administrative 6,335 6,221
Depreciation 196 205
Total General and Administrative Expenses 6,531 6,426
OPERATING INCOME 3,609 4,192
OTHER INCOME (EXPENSE)    
Interest Income 7 2
Interest Expense (878) (636)
Equity in Earnings (Losses) of AMAK 230 (966)
Miscellaneous expense (26) (44)
Total other income (expense) (667) (1,644)
INCOME BEFORE INCOME TAXES 2,942 2,548
INCOME TAXES 590 1,061
NET INCOME 2,352 1,487
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0
NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES $ 2,352 $ 1,487
Basic Earnings per Common Share    
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.10 $ 0.06
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,343 24,240
Diluted Earnings per Common Share    
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.09 $ 0.06
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 25,231 25,054