Trecora Resources Announces Fourth Quarter and Full Year 2020 Results • Full year net income of $31.2 million (which includes the net gain from the sale of AMAK of $26.2 million) compared to net loss of $15.0 million in 2019 • Full year 2020 Adjusted EBITDA from continuing operations of $21.6 million • Paydown of $37.4 million of debt in 2020; Bank debt of $46.1 million vs. $83.3 million at end of December 2019; Total cash balance of $55.7 million at year-end • Portfolio of growth projects delivered $4.5 million in EBITDA in 2020 • Launching $20 million share repurchase program • Conference call at 10:00 am ET, March 9, 2021 SUGAR LAND, Texas, March 8, 2021 – Trecora Resources ("Trecora" or the "Company") (NYSE: TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced financial results for the fourth quarter and full year ended December 31, 2020. Executive Commentary “We fulfilled the commitments we pledged at the onset of 2020 despite the extraordinary challenges that unfolded during the year. Completing the sale of our non-core AMAK investment strengthened our balance sheet by allowing us to significantly reduce bank debt to target levels while also maintaining significant liquidity for growth opportunities. The successful launch and execution of our growth portfolio program across the company delivered $4.5 million of Adjusted EBITDA contribution in the year,” said Pat Quarles, Trecora's President and Chief Executive Officer. “We are currently managing the industry-wide impact of the recent freeze event in Texas and the related utility failures. While the full impact on first quarter remains uncertain, we believe we are well-positioned at the start of 2021 to benefit from the strength of our end markets that continue to recover, and from our growth portfolio that continues to progress and evolve. This has given us the confidence to initiate our $20 million share repurchase program and further our commitment to deliver value to our stockholders. This year, we intend to maintain our disciplined and proactive approach to cost control and capital allocation while we focus on investing in accretive growth projects and opportunities,” concluded Mr. Quarles. Sami Ahmad, Trecora's Chief Financial Officer stated, “While prime product sales for the year were severely impacted by the pandemic, declining nearly 10% from 2019, fourth quarter prime product demand increased from weakened levels in the second and third

The following information was filed by Trecora Resources (TREC) on Tuesday, March 9, 2021 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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