Trecora Resources primarily manufactures and sells various specialty petrochemicals products and specialty waxes in the United States. The company operates through two segments, Specialty Petrochemicals and Specialty Waxes. The Specialty Petrochemicals segment offers hydrocarbons and other petroleum based products, such as isopentane, normal pentane, isohexane, and hexane used in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry. It also owns and operates natural gas pipelines. The Specialty Waxes segment provides specialty polyethylene waxes for use in the paints and inks, adhesives, coatings, and PVC lubricants markets; and specialized synthetic poly alpha olefin waxes for use as toner in printers and as additives for candles. This segment also provides custom processing services. The company was formerly known as Arabian American Development Company and changed its name to Trecora Resources in June 2014. Trecora Resources was founded in 1967 and is based in Sugar Land, Texas.
IPO Year:
Exchange: NYSE
Website: trecora.com
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INDIANAPOLIS, Aug. 3, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) ("Calumet", "the Partnership", "we", "us", "our") announced today the appointment of Karen Twitchell and John (Jack) Boss to the Board of Directors effective August 2, 2022. Concurrently, Calumet announced that Robert (Bob) Funk has elected to retire from the Board of Directors. "On behalf of everyone at Calumet, I'd like to thank Bob for his many years of service and significant contributions to the Partnership. We'll particularly miss his operational expertise, wisdom and commitment to the success of Calumet," said Steve Mawer, Executive Chairman. "When Bob notified us of his intent to reti
SUGAR LAND, Texas, April 21, 2021 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced the appointment of Mr. Rafael (Ralph) Pons, currently the site leader at Trecora's South Hampton Resources facility in Silsbee, Texas, to the position of Chief Manufacturing Officer, effective May 15, 2021. The appointment will follow the retirement of John R. "Dick" Townsend, Trecora's Executive Vice President and Chief Manufacturing Officer, effective May 14, 2021. In succeeding Mr.
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INDIANAPOLIS, Aug. 3, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) ("Calumet", "the Partnership", "we", "us", "our") announced today the appointment of Karen Twitchell and John (Jack) Boss to the Board of Directors effective August 2, 2022. Concurrently, Calumet announced that Robert (Bob) Funk has elected to retire from the Board of Directors. "On behalf of everyone at Calumet, I'd like to thank Bob for his many years of service and significant contributions to the Partnership. We'll particularly miss his operational expertise, wisdom and commitment to the success of Calumet," said Steve Mawer, Executive Chairman. "When Bob notified us of his intent to reti
LOS ANGELES, June 27, 2022 /PRNewswire/ -- Balmoral Funds, LLC ("Balmoral") announced today that it has successfully completed its previously announced acquisition of Trecora Resources ("Trecora") at a price of $9.81 per share, net to each seller, in cash, without interest and subject to any required tax withholdings. With the completion of the acquisition, Trecora's stock will cease trading on the New York Stock Exchange and Trecora will no longer be listed on any public market. Blank Rome LLP served as legal advisor to Balmoral, and Piper Sandler served as financial advisor
SUGAR LAND, Texas and LOS ANGELES, June 24, 2022 /PRNewswire/ -- Trecora Resources (NYSE:TREC) ("Trecora" or the "Company") and Balmoral Swan MergerSub, Inc. (the "Purchaser"), an affiliate of Balmoral Funds, LLC (together with its consolidated subsidiaries, "Balmoral") today announced the successful completion of the previously commenced cash tender offer by the Purchaser to purchase all of the issued and outstanding shares of common stock of Trecora (collectively, the "Shares"). The tender offer expired at 12:00 A.M., New York City time on June 24, 2022. As of the expiration
Purchase price of $9.81 per share in cash, with a total transaction value of $247 million Transaction follows a comprehensive strategic review process by the Trecora Board of Directors Trecora to adopt limited-duration shareholder rights plan as a condition to the transaction SUGAR LAND, Texas, May 11, 2022 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TREC), a leading provider of specialty hydrocarbons and specialty waxes, and an affiliate of Balmoral Funds, LLC (together with its consolidated subsidiaries, "Balmoral") today announced that they have entered into a definitive merger agreement (the "Merger Agreement") pursuant to which Balmoral agreed to acquire Trecora
First quarter revenue of $83.2 million, an increase of 52.4% compared with the first quarter of 2021, driven by price and volume increases in both the Specialty Petrochemicals and Specialty Waxes segments.First quarter net loss of $(0.4) million was significantly improved from $(4.4) million in the first quarter 2021.First quarter Adjusted EBITDA of $5.8 million compared to $(0.1) million in the first quarter 2021.Increasing full year Adjusted EBITDA guidance to a range between $28 million and $32 million from $27 million to $31 million previously.Conference call at 11:00 am ET, May 5, 2022.SUGAR LAND, Texas, May 4, 2022 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TR
SUGAR LAND, Texas, April 25, 2022 /PRNewswire/ -- Trecora Resources (NYSE:TREC), a leading provider of specialty hydrocarbons and waxes, today announced the planned release of its first quarter 2022 financial results after market close on Wednesday, May 4, 2022. President and Chief Executive Officer, Patrick D. Quarles, and Chief Financial Officer, Sami Ahmad, will host a conference call on Thursday, May 5, 2022 at 10:00 a.m. Central Time/11:00 a.m. Eastern Time to discuss the results. Date: Thursday, May 5, 2022 Time: 11:00 a.m. Eastern Time Toll-free dial-in number: +1-866-417-5724 International dial-in number: +1-409-217-8234 Conference ID: 2060048 Webcast: https://edge.media-server.com/m
Reaffirms Need to Elect Directors that are Committed to Improving Company Performance and Exploring a Full Range of Alternatives to Unlock Shareholder Value Ortelius Advisors, L.P., which collectively with its affiliates owns approximately 11.3% of the outstanding common stock of Trecora Resources (NYSE:TREC) ("Trecora" or the "Company"), today announced that it has filed preliminary proxy materials with the Securities and Exchange Commission in connection with the Trecora 2022 Annual Meeting of Stockholders (the "Annual Meeting"). A copy of the preliminary proxy statement is available at https://tinyurl.com/4phe8nf7. Ortelius, Trecora's largest stockholder, believes that the Company has
SUGAR LAND, Texas, March 23, 2022 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TREC), a leading provider of specialty hydrocarbons and waxes, today issued the following statement regarding Ortelius Advisors' ("Ortelius") letter to Trecora stockholders yesterday: "Trecora's Board of Directors and management team are focused on delivering value for our shareholders. While we are confident that the Company is positioned for strong, profitable growth, we also remain open to exploring all value-enhancing opportunities. To that end, we have spoken with the pr
Reaffirms Need to Elect Directors that are Committed to Improving Company Performance and Exploring a Full Range of Alternatives to Unlock Shareholder Value Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE:TREC), today delivered an open letter to stockholders. *** Fellow Stockholders, Ortelius Advisors, L.P. (together with its affiliates, "Ortelius," "we," or "us") owns approximately 11.3% of the outstanding common stock of Trecora Resources ("Trecora" or the "Company"), making us the Company's largest stockholder.1 As we communicated in our February letter, Ortelius believes that Trecora has significant upside potent
SUGAR LAND, Texas, March 8, 2022 /PRNewswire/ -- 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, 2021. Executive Commentary "2021 was a turning point for Trecora Resources. After a quick recovery from the Texas freeze event early in the year, we saw a resurgence of demand in our Specialty Petrochemicals and Specialty Waxes segments along with new demand for our custom processing services. The demand growth allow
Purchase price of $9.81 per share in cash, with a total transaction value of $247 million Transaction follows a comprehensive strategic review process by the Trecora Board of Directors Trecora to adopt limited-duration shareholder rights plan as a condition to the transaction SUGAR LAND, Texas, May 11, 2022 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TREC), a leading provider of specialty hydrocarbons and specialty waxes, and an affiliate of Balmoral Funds, LLC (together with its consolidated subsidiaries, "Balmoral") today announced that they have entered into a definitive merger agreement (the "Merger Agreement") pursuant to which Balmoral agreed to acquire Trecora
First quarter revenue of $83.2 million, an increase of 52.4% compared with the first quarter of 2021, driven by price and volume increases in both the Specialty Petrochemicals and Specialty Waxes segments.First quarter net loss of $(0.4) million was significantly improved from $(4.4) million in the first quarter 2021.First quarter Adjusted EBITDA of $5.8 million compared to $(0.1) million in the first quarter 2021.Increasing full year Adjusted EBITDA guidance to a range between $28 million and $32 million from $27 million to $31 million previously.Conference call at 11:00 am ET, May 5, 2022.SUGAR LAND, Texas, May 4, 2022 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TR
SUGAR LAND, Texas, April 25, 2022 /PRNewswire/ -- Trecora Resources (NYSE:TREC), a leading provider of specialty hydrocarbons and waxes, today announced the planned release of its first quarter 2022 financial results after market close on Wednesday, May 4, 2022. President and Chief Executive Officer, Patrick D. Quarles, and Chief Financial Officer, Sami Ahmad, will host a conference call on Thursday, May 5, 2022 at 10:00 a.m. Central Time/11:00 a.m. Eastern Time to discuss the results. Date: Thursday, May 5, 2022 Time: 11:00 a.m. Eastern Time Toll-free dial-in number: +1-866-417-5724 International dial-in number: +1-409-217-8234 Conference ID: 2060048 Webcast: https://edge.media-server.com/m
SUGAR LAND, Texas, March 8, 2022 /PRNewswire/ -- 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, 2021. Executive Commentary "2021 was a turning point for Trecora Resources. After a quick recovery from the Texas freeze event early in the year, we saw a resurgence of demand in our Specialty Petrochemicals and Specialty Waxes segments along with new demand for our custom processing services. The demand growth allow
SUGAR LAND, Texas, Feb. 17, 2022 /PRNewswire/ -- Trecora Resources (NYSE:TREC), a leading provider of specialty hydrocarbons and waxes, today announced the planned release of its fourth quarter 2021 financial results after market close on Tuesday, March 8, 2022. President and Chief Executive Officer, Patrick D. Quarles, and Chief Financial Officer, Sami Ahmad, will host a conference call on Wednesday, March 9, 2022 at 9:00 a.m. Central Time/10:00 a.m. Eastern Time to discuss the results. Date: Wednesday, March 9, 2022 Time:
Issues Letter to Stockholders to Outline the Case for Meaningful Change Atop Trecora Following Years of Stagnation and Underperformance Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE:TREC), today issued the following open letter to fellow stockholders. *** February 7, 2022 Fellow Stockholders, Ortelius Advisors, L.P. (together with its affiliates, "Ortelius," "we," or "us") owns approximately 11.3% of the outstanding common stock of Trecora Resources ("Trecora" or the "Company"), making us the Company's largest stockholder.1 While we believe that Trecora has significant upside potential based on its top-quality asse
SUGAR LAND, Texas, Nov. 3, 2021 /PRNewswire/ -- 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, 2021. Executive Commentary "In the third quarter, the steady improvement in demand following the impacts of the pandemic continued, while cost escalation and supply chain constraints accelerated. Despite these challenges, our solvent and wax volumes grew, benefiting from our owned truck fleet for transporting solvents, and improved
SUGAR LAND, Texas, Oct. 25, 2021 /PRNewswire/ -- Trecora Resources (NYSE:TREC), a leading provider of specialty hydrocarbons and waxes, today announced the planned release of its third quarter 2021 financial results after market close on Wednesday, November 3, 2021. President and Chief Executive Officer, Patrick D. Quarles, and Chief Financial Officer, Sami Ahmad, will host a conference call on Thursday, November 4, 2021 at 9:00 a.m. Central Time/10:00 a.m. Eastern Time to discuss the results. Date: Thursday, November 4, 2021 Time: 10:00 a.m. Eastern Time Toll-free dial-in number: +1-866-417-5724 International dial-in number: +1-409-217-8234 Conference ID: 6267010 Webcast: https://edge
SUGAR LAND, Texas, Aug. 4, 2021 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced financial results for the second quarter ended June 30, 2021. Executive Commentary "We delivered strong top and bottom line growth in the second quarter of 2021 as compared to the same period last year," stated Pat Quarles, Trecora's President and Chief Executive Officer. "The reopening of economies and an improving macroeconomic environment in the United States led to a significant improve
SUGAR LAND, Texas, July 19, 2021 /PRNewswire/ -- Trecora Resources (NYSE:TREC), a leading provider of specialty hydrocarbons and waxes, today announced the planned release of its second quarter 2021 financial results after market close on Wednesday, August 4, 2021, 2021. President and Chief Executive Officer, Patrick D. Quarles, and Chief Financial Officer, Sami Ahmad, will host a conference call on Thursday, August 5, 2021 at 9:00 a.m. Central Time/10:00 a.m. Eastern Time to discuss the results. Date: Thursday, August 5, 2021 Time: