Earnings ·
REX reports $34.9M net income, or $1.06 per diluted share, for fiscal second quarter 2026
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.