Private company

TRECORA RESOURCES

American petroleum refining company based in Sugarland.

Last updated Oct 18, 2026.

Overview

IndustryPetroleum Refining
HeadquartersSugarland, United States
Incorporated inDE²
Business address1650 Hwy 6 South, Suite 190, Sugar Land, Tx 77478²
Filer categoryAccelerated filer, Smaller reporting company²

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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 margin³

-1.1%Operating margin³

1.8%Net margin³

30.7%Revenue growth, 2021³

2.5%Return on equity³

0.19×Debt to equity³

-$9.8MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2021

Cost of revenue

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.³

Where each dollar of operating cash went, fiscal 2021

Capital spendingShare buybacks

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.³

Financial statements

Revenue⁴⁵⁶⁷³$272.7M in 2021+13% since 2015

Gross profit⁴⁵⁶⁷³$28.6M in 2021−50% since 2015

Operating income⁴⁵⁶⁷³-$3.1M in 2021

Net income⁴⁵⁶⁷³$5.0M in 2021−73% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Revenue	$242.0M⁴	$212.4M⁵	$245.1M⁶	$287.9M⁷	$259.0M³	$208.6M³	$272.7M³
Cost of revenue	$185.0M⁴	$172.5M⁵	$203.6M⁶	$260.1M⁷	$220.4M³	$179.9M³	$244.1M³
Gross profit	$57.0M⁴	$39.9M⁵	$41.6M⁶	$27.8M⁷	$38.5M³	$28.7M³	$28.6M³
Operating income	$36.0M⁴	$18.7M⁵	$18.3M⁶	$2.2M⁷	-$10.9M³	$2.9M³	-$3.1M³
Interest	$2.2M⁴	$2.0M⁵	$2.9M⁶	$4.1M⁷	$5.1M³	$2.5M³	$1.2M³
Income tax	$9.8M⁴	$10.5M⁵	-$6.2M⁶	-$646.0K⁷	-$3.6M³	-$4.0M³	-$2.4M³
Net income	$18.6M⁴	$19.4M⁵	$18.0M⁶	-$2.3M⁷	-$15.0M³	$31.2M³	$5.0M³
Earnings per share	$0.76⁴	$0.80⁵	$0.74⁶	-$0.10⁷	-$0.60³	$1.26³	$0.20³
Earnings per share (diluted)	$0.74⁴	$0.78⁵	$0.72⁶	-$0.10⁷	-$0.60³	$1.23³	$0.20³

Total assets⁹⁴⁵⁶⁷³$293.5M in 2021+14% since 2015

Total liabilities⁹⁴⁵⁶⁷³$93.6M in 2021−19% since 2015

Shareholders’ equity⁹⁴⁵⁶⁷³$200.0M in 2021+41% since 2015

Cash⁵⁶⁷³$30.5M in 2021+64% since 2015

Long-term debt⁹⁴⁵⁶⁷³$37.7M in 2021−48% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash	$18.6M⁵	$8.4M⁵	$3.0M⁵	$6.7M⁶	$6.1M⁷	$55.7M³	$30.5M³
Current assets	$66.1M⁹	$55.9M⁴	$56.5M⁵	$94.0M⁶	$84.1M⁷	$105.9M³	$88.8M³
Total assets	$257.8M⁹	$290.5M⁴	$327.3M⁵	$330.0M⁶	$301.8M⁷	$316.8M³	$293.5M³
Current liabilities	$22.7M⁹	$26.7M⁴	$31.5M⁵	$29.5M⁶	$28.6M⁷	$29.6M³	$26.0M³
Long-term debt	$73.2M⁹	$73.1M⁴	$91.0M⁵	$98.3M⁶	$79.1M⁷	$41.9M³	$37.7M³
Total liabilities	$115.4M⁹	$126.1M⁴	$142.3M⁵	$144.8M⁶	$130.4M⁷	$112.4M³	$93.6M³
Shareholders’ equity	$142.1M⁹	$164.1M⁴	$184.7M⁵	$184.9M⁶	$171.2M⁷	$204.1M³	$200.0M³
Shares outstanding	24.2M shares⁹	24.2M shares⁴	24.3M shares⁵	24.5M shares⁶	24.5M shares⁷	24.8M shares³	23.6M shares³

Cash from operations⁴⁵⁶⁷³$4.4M in 2021−89% since 2015

Capital spending⁴⁵⁶⁷³$14.2M in 2021−55% since 2015

Free cash flow⁴⁵⁶⁷³-$9.8M in 2021

Share buybacks³$11.5M in 2021

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash from operations	$39.6M⁴	$28.5M⁵	$30.8M⁶	$19.9M⁷	$25.1M³	$25.6M³	$4.4M³
Capital spending	$31.2M⁴	$38.5M⁵	$51.6M⁶	$25.3M⁷	$10.1M³	$13.4M³	$14.2M³
Free cash flow	$8.3M	-$10.0M	-$20.8M	-$5.4M	$15.0M	$12.2M	-$9.8M
Share buybacks					$0³	$0³	$11.5M³

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Leadership

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

Chief executive

President

Chief financial officer

2010201520202025

Chief executive officerPatrick D. Quarles Apr 2, 2019 to Jun 28, 2022¹⁰
Chief executive officerSimon H. Upfill-Brown Jan 5, 2016 to Nov 6, 2018¹¹
PresidentPatrick D. Quarles Apr 2, 2019 to Jun 28, 2022¹⁰
PresidentSimon H. Upfill-Brown Aug 25, 2015 to Nov 6, 2018¹²
PresidentPeter Matthews Loggenberg Oct 10, 2014 to Mar 1, 2018¹³
Chief financial officerSami Ahmad Sep 20, 2016 to Jun 28, 2022¹⁴
Chief financial officerConnie Cook May 24, 2011 to Mar 2, 2016¹⁵

Board members and other officers (26)

Chief Manufacturing OfficerRafael Pons May 21, 2021 to Jun 28, 2022¹⁶
SVP CommercialJoseph Michael Tanner Mar 12, 2019 to Mar 12, 2021¹⁷
Chief Manufacturing OfficerJohn Richard Townsend Apr 10, 2019 to Mar 1, 2021¹⁸
Principal Accounting OfficerChristopher A. Groves May 15, 2018 to Jun 28, 2022¹⁹
Chief Sustainability OfficerPeter Matthews Loggenberg Jun 18, 2018 to Jun 28, 2022²⁰
EVP CommercialMichael Jordan Humby Jul 19, 2018 to Jul 19, 2018²¹
Executive VIce PresidentSimon H. Upfill-Brown Sep 26, 2012 to May 14, 2015²²
VP of ManufacturingRonald R. Franklin Jan 5, 2011 to Mar 1, 2018²³
Secretary/TreasurerConnie Cook Jan 17, 2008 to Mar 1, 2018²⁴
Board memberAdam C. Peakes Apr 10, 2019 to Jun 28, 2022²⁵
Board memberJanet Skogan Roemer Apr 10, 2019 to Jun 28, 2022²⁶
Board memberPatrick D. Quarles Sep 5, 2018 to Jun 28, 2022²⁷
Board memberPamela R. Butcher Nov 21, 2016 to Jun 28, 2022²⁸
Board memberSimon H. Upfill-Brown Jan 9, 2015 to Nov 6, 2018²⁹
Board memberKaren A. Twitchell May 21, 2015 to Jun 28, 2022³⁰
Board memberGary Adams Nov 15, 2012 to Jun 28, 2022³¹
Board memberJohn Richard Townsend Mar 1, 2011 to May 16, 2018³²
Board memberJoseph P. Palm May 24, 2011 to May 17, 2019³³
Board memberAllen P. McKee Apr 30, 2009 to Feb 16, 2016³⁴
Board memberCharles Goehringer Jr. Jan 22, 2008 to May 24, 2011³⁵
Board memberOmair Mohammed Othman Al Feb 12, 2008 to Feb 1, 2010³⁶
Board memberRobert E. Kennedy Feb 13, 2008 to Feb 1, 2010³⁷
Board memberGhazi Sultan Jul 29, 2008 to May 24, 2011³⁸
Board memberMoneef Ibrahim Al Dec 30, 2008 to Feb 3, 2009³⁹
Board memberJack Crichton Jun 20, 2006 to Jun 20, 2006⁴⁰
General counselMichael W. Silberman Jun 3, 2020 to Jun 28, 2022⁴¹

Former names

ARABIAN AMERICAN DEVELOPMENT CONov 13, 2000 to May 20, 2014²
ARABIAN SHIELD DEVELOPMENT COAug 14, 1995 to May 11, 2000²

Timeline

Apr 2, 2019New chief executive Patrick D. Quarles becomes CEO¹⁰
Jan 5, 2016New chief executive Simon H. Upfill-Brown becomes CEO¹¹

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:

Jul 7, 202215-12G EDGAR
Jun 30, 20228-K EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 28, 20224 EDGAR
Jun 27, 2022S-8 POS EDGAR
Jun 27, 2022S-8 POS EDGAR
Jun 27, 2022S-8 POS EDGAR
Jun 27, 2022S-8 POS EDGAR
Jun 27, 20228-K EDGAR
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 three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 13 such filings since October 2021, the latest 10:

Jun 27, 2022SC 13D/A
Jun 6, 2022SC 13G
Jun 6, 2022SC 13D
Jun 1, 2022SC 13D/A
May 31, 2022SC 13D/A
Mar 14, 2022SC 13D/A
Feb 14, 2022SC 13G
Feb 7, 2022SC 13D/A
Feb 4, 2022SC 13G/A
Dec 10, 2021SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARTRECORA RESOURCES filings on SEC EDGAR
2
SEC EDGARTRECORA RESOURCES filings on SEC EDGAR
3
SEC EDGARTRECORA RESOURCES 10-K for fiscal 2021
4
SEC EDGARTRECORA RESOURCES 10-K for fiscal 2015
5
SEC EDGARTRECORA RESOURCES 10-K for fiscal 2016
6
SEC EDGARTRECORA RESOURCES 10-K for fiscal 2017
7
SEC EDGARTRECORA RESOURCES 10-K for fiscal 2018
8
SEC EDGARTRECORA RESOURCES 10-Q for fiscal 2022
9
SEC EDGARTRECORA RESOURCES 10-K for fiscal 2015
10
SEC EDGARPatrick D. Quarles, Chief executive officer
11
SEC EDGARSimon H. Upfill-Brown, Chief executive officer
12
SEC EDGARSimon H. Upfill-Brown, President
13
SEC EDGARPeter Matthews Loggenberg, President
14
SEC EDGARSami Ahmad, Chief financial officer
15
SEC EDGARConnie Cook, Chief financial officer
16
SEC EDGARRafael Pons, Chief Manufacturing Officer
17
SEC EDGARJoseph Michael Tanner, SVP Commercial
18
SEC EDGARJohn Richard Townsend, Chief Manufacturing Officer
19
SEC EDGARChristopher A. Groves, Principal Accounting Officer
20
SEC EDGARPeter Matthews Loggenberg, Chief Sustainability Officer
21
SEC EDGARMichael Jordan Humby, EVP Commercial
22
SEC EDGARSimon H. Upfill-Brown, Executive VIce President
23
SEC EDGARRonald R. Franklin, VP of Manufacturing
24
SEC EDGARConnie Cook, Secretary/Treasurer
25
SEC EDGARAdam C. Peakes, Board member
26
SEC EDGARJanet Skogan Roemer, Board member
27
SEC EDGARPatrick D. Quarles, Board member
28
SEC EDGARPamela R. Butcher, Board member
29
SEC EDGARSimon H. Upfill-Brown, Board member
30
SEC EDGARKaren A. Twitchell, Board member
31
SEC EDGARGary Adams, Board member
32
SEC EDGARJohn Richard Townsend, Board member
33
SEC EDGARJoseph P. Palm, Board member
34
SEC EDGARAllen P. McKee, Board member
35
SEC EDGARCharles Goehringer Jr., Board member
36
SEC EDGAROmair Mohammed Othman Al, Board member
37
SEC EDGARRobert E. Kennedy, Board member
38
SEC EDGARGhazi Sultan, Board member
39
SEC EDGARMoneef Ibrahim Al, Board member
40
SEC EDGARJack Crichton, Board member
41
SEC EDGARMichael W. Silberman, General counsel