Trecora Resources (N:TREC)

Sector:  Basic Materials Industry:  Commodity Chemicals
See Regulatory Filings on SEC
Company Contact
Address: 1650 Highway 6 Ste 190
SUGAR LAND TX 77478-4926
Tel: N/A
IR: See website
Key People
Karen A. Twitchell
Independent Chairman of the Board
Patrick D. Quarles
President, Chief Executive Officer, Director
S. Sami Ahmad
Chief Financial Officer, Treasurer
John Richard Townsend
Executive Vice President, Chief Manufacturing Officer
Joseph Michael Tanner
Senior Vice President of Commercial
Christopher A. Groves
Corporate Controller
Peter M. Loggenberg
Chief Sustainability Officer
Business Overview
Trecora Resources (TREC) is a provider of high-purity specialty hydrocarbons and waxes. TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high-purity hydrocarbons and other petrochemical manufacturing. The Company operates through two segments: specialty petrochemical products and specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc. (SHR). The specialty synthetic wax segment operates through Trecora Chemical, Inc. (TC). SHR owns and operates a specialty petrochemical facility that produces hydrocarbons and other petroleum-based products, including isopentane, normal pentane, isohexane and hexane. TC produces specialty polyethylene and poly alpha olefin waxes, and provides custom processing services. In addition, the Company is the 33.4% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company.
Financial Overview
For the three months ended 31 March 2020, Trecora Resources revenues decreased 5% to $62.1M. Net income before extraordinary items increased from $1.8M to $5.9M. Revenues reflect Petrochemical segment decrease of 9% to $51.6M. Net income reflects Specialty Wax segment loss decrease of 88% to $262K. Basic Earnings per Share excluding Extraordinary Items increased from $0.07 to $0.24.
Employees: 270 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $222.72M as of Mar 31, 2020
Annual revenue (TTM): $255.87M as of Mar 31, 2020
EBITDA (TTM): $26.38M as of Mar 31, 2020
Net annual income (TTM): -$8.83M as of Mar 31, 2020
Free cash flow (TTM): $18.34M as of Mar 31, 2020
Net Debt Last Fiscal Year: $64.79M as of Mar 31, 2020
Shares outstanding: 24,714,980 as of Apr 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization