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Private company

TRECORA RESOURCES

TRECORA RESOURCES is an American petroleum refining company based in Sugarland.2

Last updated Oct 21, 2026.

Overview

  • IndustryPetroleum Refining2
  • HeadquartersSugarland, United States2
  • Incorporated inDE3
  • Business address1650 Hwy 6 South, Suite 190, Sugar Land, Tx 774783
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300YM7091ZVQS2B122
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 6570072

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

10.5%Gross margin4
-1.1%Operating margin4
1.8%Net margin4
30.7%Revenue growth, 20214
2.5%Return on equity4
0.19×Debt to equity4
-$9.8MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue90¢$244.1M
  • Other costs7¢$20.0M
  • Interest0¢$1.2M
  • Income tax1¢$2.4M
  • Profit2¢$5.0M

Out of $272.7M in revenue.4

Where each dollar of operating cash went, fiscal 2021

  • Capital spending55¢$14.2M
  • Share buybacks45¢$11.5M

Out of $4.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$272.7M in 2021+13% since 2015
0$100.0M$200.0M$300.0M2015: $242.0M$242.0M20152016: $212.4M$212.4M2016−12%2017: $245.1M$245.1M2017+15%2018: $287.9M$287.9M2018+17%2019: $259.0M$259.0M2019−10%2020: $208.6M$208.6M2020−19%2021: $272.7M$272.7M2021+31%
Gross profit56784$28.6M in 2021−50% since 2015
0$20.0M$40.0M$60.0M2015: $57.0M$57.0M20152016: $39.9M$39.9M2016−30%2017: $41.6M$41.6M2017+4%2018: $27.8M$27.8M2018−33%2019: $38.5M$38.5M2019+38%2020: $28.7M$28.7M2020−26%2021: $28.6M$28.6M2021−0%
Operating income56784-$3.1M in 2021
-$20.0M0$20.0M$40.0M2015: $36.0M$36.0M20152016: $18.7M$18.7M2016−48%2017: $18.3M$18.3M2017−2%2018: $2.2M$2.2M2018−88%2019: -$10.9M-$10.9M20192020: $2.9M$2.9M20202021: -$3.1M-$3.1M2021
Net income56784$5.0M in 2021−73% since 2015
-$20.0M0$20.0M$40.0M2015: $18.6M$18.6M20152016: $19.4M$19.4M2016+4%2017: $18.0M$18.0M2017−7%2018: -$2.3M-$2.3M20182019: -$15.0M-$15.0M2019+542%2020: $31.2M$31.2M20202021: $5.0M$5.0M2021−84%
Fiscal year2015201620172018201920202021
Revenue$242.0M5$212.4M6$245.1M7$287.9M8$259.0M4$208.6M4$272.7M4
Cost of revenue$185.0M5$172.5M6$203.6M7$260.1M8$220.4M4$179.9M4$244.1M4
Gross profit$57.0M5$39.9M6$41.6M7$27.8M8$38.5M4$28.7M4$28.6M4
Operating income$36.0M5$18.7M6$18.3M7$2.2M8-$10.9M4$2.9M4-$3.1M4
Interest$2.2M5$2.0M6$2.9M7$4.1M8$5.1M4$2.5M4$1.2M4
Income before tax$2.6M4
Income tax$9.8M5$10.5M6-$6.2M7-$646.0K8-$3.6M4-$4.0M4-$2.4M4
Net income$18.6M5$19.4M6$18.0M7-$2.3M8-$15.0M4$31.2M4$5.0M4
Earnings per share$0.765$0.806$0.747-$0.108-$0.604$1.264$0.204
Earnings per share (diluted)$0.745$0.786$0.727-$0.108-$0.604$1.234$0.204
Shares (weighted, basic)24.5M shares4
Shares (weighted, diluted)25.1M shares4

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Corporate structure

TRECORA RESOURCES sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TRECORA RESOURCES

  • TRECORA RESOURCES Sugarland, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TRECORA RESOURCES reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$301.2M4 Dec 31, 2021$287.9M4 Dec 31, 2020+4.6%
Finance-lease assets$04 Dec 31, 2021$04 Dec 31, 2020
Operating-lease assets (leased space)$8.2M4 Dec 31, 2021$10.5M4 Dec 31, 2020−22.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$30.5M4 Dec 31, 2021$55.7M4 Dec 31, 2020−45.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$11.1M4 Dec 31, 2021$12.9M4 Dec 31, 2020−14.2%
Finite-lived intangibles, gross$24.5M4 Dec 31, 2021$24.5M4 Dec 31, 20200%
Accumulated amortization$13.5M4 Dec 31, 2021$11.7M4 Dec 31, 2020+15.8%
Finite-lived intangibles, net$11.1M4 Dec 31, 2021$12.9M4 Dec 31, 2020−14.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$21.1M4 Dec 31, 2021$12.9M4 Dec 31, 2020+63.3%
Raw materials$2.3M4 Dec 31, 2021$2.6M4 Dec 31, 2020−9.0%
Work in process$212.0K4 Dec 31, 2021$138.0K4 Dec 31, 2020+53.6%
Finished goods$18.6M4 Dec 31, 2021$10.2M4 Dec 31, 2020+81.6%

Leadership

Who has led TRECORA RESOURCES, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Simon H. Upfill-Brown2016–2018
  2. Patrick D. Quarles2019–2022

President

  1. Peter Matthews Loggenberg2014–2018
  2. Simon H. Upfill-Brown2015–2018
  3. Patrick D. Quarles2019–2022

Chief financial officer

  1. Connie Cook2011–2016
  2. Sami Ahmad2016–2022
2010201520202025
Board members and other officers (26)

Former names

  • ARABIAN AMERICAN DEVELOPMENT CONov 13, 2000 to May 20, 20143
  • ARABIAN SHIELD DEVELOPMENT COAug 14, 1995 to May 11, 20003

Timeline

  1. Jun 30, 20228-K Executive or director change43
  2. Jun 27, 20228-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer44
  3. May 25, 20228-K Other events45
  4. May 12, 20228-K Entered a material agreement; Change to shareholders' rights; Regulation FD disclosure46
  5. May 5, 20228-K Results of operations; Regulation FD disclosure47
  6. Mar 23, 20228-K Other events48
  7. Mar 11, 20228-K Other events49
  8. Mar 9, 20228-K Results of operations; Regulation FD disclosure50
  9. Nov 15, 20218-K Other events51
  10. Nov 12, 20218-K Ended a material agreement; Other events52
  11. Nov 4, 20218-K Results of operations; Regulation FD disclosure53
  12. Oct 1, 20218-K Code of ethics changed54
  13. Apr 2, 2019New chief executive Patrick D. Quarles becomes CEO11
  14. Jan 5, 2016New chief executive Simon H. Upfill-Brown becomes CEO12

Calendar

When it reported results

  1. May 5, 2022Reported quarterly or annual results47
  2. Mar 9, 2022Reported quarterly or annual results50
  3. Nov 4, 2021Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

97 filings to the SEC since October 2021: 2 annual reports, 2 quarterly reports, 12 major events, 41 insider forms, 13 large holders, 27 other. The latest 20:

  1. Jul 7, 202215-12G EDGAR
  2. Jun 30, 20228-K EDGAR
  3. Jun 28, 20224 EDGAR
  4. Jun 28, 20224 EDGAR
  5. Jun 28, 20224 EDGAR
  6. Jun 28, 20224 EDGAR
  7. Jun 28, 20224 EDGAR
  8. Jun 28, 20224 EDGAR
  9. Jun 28, 20224 EDGAR
  10. Jun 28, 20224 EDGAR
  11. Jun 28, 20224 EDGAR
  12. Jun 28, 20224 EDGAR
  13. Jun 28, 20224 EDGAR
  14. Jun 28, 20224 EDGAR
  15. Jun 27, 2022S-8 POS EDGAR
  16. Jun 27, 2022S-8 POS EDGAR
  17. Jun 27, 2022S-8 POS EDGAR
  18. Jun 27, 2022S-8 POS EDGAR
  19. Jun 27, 20228-K EDGAR
  20. Jun 27, 202225-NSE EDGAR

The 97 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 27, 2022Ortelius Advisors, L.P.Sale2,674,483$9.72$26.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TRECORA RESOURCES is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTRECORA RESOURCES1
  • CIK0000007039
  • Employer ID (EIN)75-12566221
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2911 Petroleum Refining1
  • Business address1650 Hwy 6 South, Suite 190, Sugar Land, TX 774781
  • Phone281-980-55221
  • Shares outstanding23,651,141 as of May 4, 20229
  • Public float$207.0M as of Jun 30, 202163
  • On EDGAR sinceMar 30, 19951
  • Filings1,070 in all: 4 (554), 8-K (128), 10-Q (82), 5 (37), SC 13G/A (36), 10-K (28), DEF 14A (22), 3 (19)1
    All 46 form types

    UPLOAD (17), CORRESP (15), SC 13D/A (14), 11-K (11), 144 (10), NT 10-Q (9), SC 13G (9), NT 10-K (8), 10-K/A (7), 10-Q/A (5), 4/A (5), S-8 (4), S-8 POS (4), 8-A12B (3), DEFA14A (3), DFAN14A (3), PRE 14A (3), S-3 (3), SC 13D (3), SC 14D9/A (3), SC TO-T/A (3), 25-NSE (2), 8-K/A (2), PREC14A (2), S-3/A (2), SC14D9C (2), 15-12G (1), 25 (1), 3/A (1), CERT (1), CERTNAS (1), CERTNYS (1), EFFECT (1), NT 11-K (1), PRRN14A (1), RW (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2022
    Quarterly report (10-Q) May 5, 2022
    Proxy statement (DEF 14A) Apr 1, 2021
    Latest 8-K (8-K) Jun 30, 2022

Sources

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