Earnings ·
REX American Resources Corporation reported fiscal second quarter 2026 net income attributable to shareholders of…
REXREX AMERICAN RESOURCES Corp
REX American Resources Corporation reported fiscal second quarter 2026 net income attributable to shareholders of $34.9 million, or $1.06 per diluted share, compared to $7.1 million, or $0.22 per share, in the prior year period. Revenue increased 6% to $168.5 million, driven by improved pricing and a $18.4 million benefit from production tax credits under Section 45Z. Gross profit surged to $53.3 million from $14.3 million, reflecting better crush margins and tax credit income. The company holds $379.5 million in cash and short-term investments with no bank debt. Additionally, the U.S. EPA issued draft permits for three Class VI injection wells supporting a carbon capture project at the One Earth facility. REX American Resources Corporation operates as an ethanol production company with interests in six facilities.