Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2019

We operate through business segments according to the nature and economic characteristics of our products as well as the manner in which the information is used internally by our key decision maker, who is our Chief Executive Officer. Segment data may include rounding differences.

Our Specialty Petrochemicals segment includes SHR and GSPL. Our Specialty Waxes segment is TC. We also separately identify our corporate overhead which includes financing and administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.



	Three Months Ended June 30, 2019
	Specialty Petrochemicals		Specialty Waxes			Corporate			Eliminations		Consolidated
	(in thousands)
Product sales	$	58,584	$	6,745		$	—		$	—	$	65,329
Processing fees	1,527		2,515			—			—		4,042
Total revenues	60,111		9,260			—			—		69,371
Operating profit (loss) before depreciation and amortization	10,028		766			(2,182		)	—		8,612
Operating profit (loss)	7,104		(633		)	(2,195		)	—		4,276
Profit (loss) before taxes	6,375		(1,013		)	(2,294		)	—		3,068
Depreciation and amortization	2,925		1,399			12			—		4,336
Capital expenditures	1,461		426			—			—		1,887



	Three Months Ended June 30, 2018
	Specialty Petrochemicals		Specialty Waxes			Corporate			Eliminations	Consolidated
	(in thousands)
Product sales	$	56,135	$	7,434		$	—		—	$	63,569
Processing fees	1,685		2,852			—			—	4,537
Total revenues	57,820		10,286			—			—	68,106
Operating profit (loss) before depreciation and amortization	6,095		1,164			(834		)	—	6,425
Operating profit (loss)	4,440		(201		)	(842		)	—	3,397
Profit (loss) before taxes	3,859		(506		)	(542		)	—	2,811
Depreciation and amortization	1,655		1,365			8			—	3,028
Capital expenditures	3,529		877			—			—	4,406



	Six Months Ended June 30, 2019
	Specialty Petrochemicals		Specialty Waxes			Corporate			Eliminations		Consolidated
	(in thousands)
Product sales	$	114,074	$	12,748		$	—		$	—	$	126,822
Processing fees	2,910		4,794			—			—		7,704
Total revenues	116,984		17,542			—			—		134,526
Operating profit (loss) before depreciation and amortization	21,435		(83		)	(4,487		)	—		16,865
Operating profit (loss)	15,437		(2,830		)	(4,521		)	—		8,086
Profit (loss) before taxes	13,510		(3,552		)	(4,661		)	—		5,297
Depreciation and amortization	5,999		2,747			32			—		8,778
Capital expenditures	2,839		935			—			—		3,774



	Six Months Ended June 30, 2018
	Specialty Petrochemicals		Specialty Waxes			Corporate			Eliminations		Consolidated
	(in thousands)
Product sales	$	116,420	$	13,817		$	—		31		$	130,268
Processing fees	3,713		6,064			—			(198	)	9,579
Total revenues	120,133		19,881			—			(167	)	139,847
Operating profit (loss) before depreciation and amortization	14,488		1,554			(2,982		)	—		13,060
Operating profit (loss)	11,119		(1,115		)	(2,998		)	—		7,006
Profit (loss) before taxes	9,913		(1,687		)	(2,473		)	—		5,753
Depreciation and amortization	3,369		2,669			16			—		6,054
Capital expenditures	13,812		1,622			—			—		15,434



	June 30, 2019
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations			Consolidated
	(in thousands)
Trade receivables, product sales	$	23,465	$	4,097	$	—	$	—		$	27,562
Trade receivables, processing fees	1,042		1,914		—		—			2,956
Goodwill and intangible assets, net	—		39,814		—		—			39,814
Total assets	299,103		114,409		91,247		(166,126		)	338,633



	December 31, 2018
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations			Consolidated
	(in thousands)
Trade receivables, product sales	$	21,915	$	3,173	$	—	$	—		$	25,088
Trade receivables, processing fees	633		1,391		—		—			2,024
Goodwill and intangible assets, net	—		40,745		—		—			40,745
Total assets	284,367		115,366		91,474		(161,239		)	329,968