Trecora Resources Reports Third Quarter 2020 Results • Successful completion of AMAK sale resulting in net cash proceeds of $61 million • Paydown of $31.1 million of debt; Bank debt of $47.1 million vs. $78.2 million at the end of June; Total cash balance of $51.9 million at end of September • Third quarter net income of $22.4 million (which includes the net gain from the sale of AMAK of $21.3 million) • Third quarter Adjusted EBITDA from continuing operations of $7.1 million, a 69% increase from second quarter • Conference call at 10:00 am ET tomorrow, November 4, 2020 SUGAR LAND, Texas, November 3, 2020 – Trecora Resources ("Trecora" or the "Company") (NYSE: TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced financial results for the third quarter ended September 30, 2020. Executive Commentary “The successful closing of the AMAK1 sale was a landmark event for our Company. The proceeds allowed us to pay down $31 million of debt, and increase our cash balance to nearly $52 million. Trecora’s recent results and accomplishments reflect our fundamental resilience in spite of historical challenges. Our third quarter saw good recovery in sales volumes from the depressed business conditions in the second quarter, despite the impact of multiple hurricanes on our customers in the Gulf Coast,” said Pat Quarles, Trecora's President and Chief Executive Officer. “This has been a transformational year for Trecora. Earlier, we implemented a management system across the Company that prioritized and reinforced safety, reliable operations and accountability, all while advancing the sustainability of our assets. We have now developed a diversified and value generating portfolio of growth projects to deliver sustainable organic growth, requiring little capital. This has already resulted in value creation of $4 million in annualized incremental EBITDA in 2020, with expectations of further significant growth next year and thereafter,” concluded Mr. Quarles. Sami Ahmad, Trecora's Chief Financial Officer stated, “With the milestone divestiture of our non-core interest in AMAK completed, we have streamlined the company structure and 1 Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company


The following information was filed by Trecora Resources (TREC) on Wednesday, November 4, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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