Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

6 Months Ended

Jun. 30, 2018

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

The following table (in thousands, except per share amounts) sets forth the computation of basic and diluted net income per share attributable to Trecora Resources for the three months ended June 30, 2018 and 2017, respectively.



	Three Months Ended June 30, 2018					Three Months Ended June 30, 2017
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,215	24,370	$	0.09	$	832	24,256	$	0.03
Unvested restricted stock units			349					379
Dilutive stock options outstanding			295					399
Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,215	25,014	$	0.09	$	832	25,034	$	0.03



	Six Months Ended June 30, 2018					Six Months Ended June 30, 2017
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	4,567	24,354	$	0.19	$	2,319	24,248	$	0.10
Unvested restricted stock units			376					350
Dilutive stock options outstanding			389					446
Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	4,567	25,119	$	0.18	$	2,319	25,044	$	0.09

At June 30, 2018 and 2017, 924,860 and 1,334,087 shares of common stock, respectively, were issuable upon the exercise of options and warrants.

In first quarter 2018, we completed an exchange of shares with certain shareholders whereby such shareholders traded 65,000 common shares of TREC in exchange for 24,489 shares of our AMAK stock. The 65,000 shares were accounted for as treasury stock.