Trecora Resources Announces First Quarter 2021 Results • First quarter net loss and Adjusted EBITDA negatively impacted by the Texas freeze event in February 2021 • First quarter net loss from continuing operations of $4.4 million compared to net income from continuing operations of $5.9 million last year • First quarter Adjusted EBITDA from continuing operations of $(0.5) million • First quarter launch of $20 million share repurchase program • Conference call at 10:00 am ET, May 5, 2021 SUGAR LAND, Texas, May 4, 2021 – Trecora Resources (“Trecora” or the “Company”) (NYSE: TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced financial results for the first quarter ended March 31, 2021. Executive Commentary “Over the last year, we have been focused on strengthening our balance sheet and managing through the uncertainties and disruptions created by the COVID-19 pandemic, ensuring that Trecora emerged in a position of strength. In addition, prudent capital allocation has been at the forefront of our agenda, including returning value to our stockholders,” said Pat Quarles, Trecora's President and Chief Executive Officer. “We entered the first quarter well-positioned to both benefit from the recovery and leverage our evolving growth portfolio. However, the February freeze event in Texas resulted in significant disruptions to our customers and supply chain, as well as damage to our plants, thus impacting our first quarter results. “Following the freeze event, the Board authorized a $20 million share repurchase program in March which reflects the resilience of our business, our strong balance sheet and ample liquidity. We also advanced our growth program by converting recent successful plant trials into new custom processing commitments. We remain committed to our goal of creating long- term value for our stockholders through growth and prudent capital allocation,” concluded Mr. Quarles. Sami Ahmad, Trecora's Chief Financial Officer stated, “The Texas freeze event resulted in significant loss of sales as well as higher utility, repair and maintenance costs at both facilities. Net loss from continuing operations was $4.4 million in the first quarter of 2021. We estimate the total impact to first quarter Adjusted EBITDA from continuing operations was between $4.5 to $5.0 million, including higher costs of approximately $1.9 million. While the impact of the Texas freeze event was largely confined to the first quarter, certain customer and suppliers


The following information was filed by Trecora Resources (TREC) on Wednesday, May 5, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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