Rex American Resources (REX)
NYSE:REX
Earnings Data
Report Date
May 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.51Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Mar 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasized multiple clear positives: record EPS and net income, a stronger Q4 gross profit, solid cash and zero bank debt, meaningful progress on the One Earth capacity expansion, and recognized 45Z tax credits (~$28M, ≈$0.10/gal) with upside if CCS permitting is achieved. Offsetting items include softer Q4 ethanol and dry distillers grains volumes, a notable rise in SG&A (especially Q4 incentive-driven), lower interest and other income, a modest decline in income before taxes, and permitting delays for CCS which constrain near-term incremental 45Z benefits. On balance, the positive operational performance, financial strength, and strategic catalysts (expansion + 45Z) materially outweigh the challenges and near-term uncertainties.Company Guidance
Record Ethanol Volume and All-Time High Sales
Consolidated ethanol sales volumes reached a record 290,000,000 gallons in FY2025 (vs. 289,700,000 in FY2024, a slight increase). This was driven by strong export demand and favorable industry conditions.
Significant Net Income and Record EPS
Net income attributable to REX shareholders rose to $83,000,000 in FY2025 from $58,200,000 in FY2024 (approximately +43%). Diluted EPS was an all-time high of $2.50 in FY2025 compared with $1.65 in FY2024 (approximately +51.5%). Q4 EPS improved to $1.32 from $0.31.
Strong Q4 Gross Profit Improvement
Gross profit in Q4 FY2025 was $28,900,000 versus $17,600,000 in Q4 FY2024 (approximately +64%), benefiting from improved ethanol pricing and reduced corn costs. Full-year gross profit was $93,700,000 versus $91,500,000 in FY2024 (≈+2.4%).
45Z Tax Credit Recognition and Per-Gallon Impact
REX recognized approximately $28,000,000 of 45Z tax credits in FY2025 (the company estimated about $0.10 per gallon on total gallons). Management expects 45Z benefits to continue through 2029 and to increase materially if carbon capture and sequestration (CCS) is permitted and operational.
Progress on Capacity Expansion (One Earth / Monarch)
One Earth Energy expansion is nearing completion and will increase annual capacity to 200,000,000 gallons. Testing and commissioning are expected upon completion with the facility targeted to be fully operational in fiscal 2026, positioning REX to capture additional market share and tax-credit benefits.
Corn Oil and Modified Distillers Grain Volume Growth
Corn oil sales volumes increased to ~97,000,000 pounds in FY2025 from 88,100,000 pounds in FY2024 (≈+10%); Q4 corn oil volumes rose ~7% year-over-year. Modified distillers grain volumes increased to 81,900 tons in FY2025 from ~70,000 tons in FY2024 (≈+17%).
Strong Balance Sheet and Cash Position
Total cash, cash equivalents, and short-term investments were $375,800,000 at fiscal year-end FY2025 versus $359,100,000 a year earlier (≈+4.6%). The company reported zero bank debt, providing strong financial flexibility for growth and capex.
Capital Deployment Progress and Budget Discipline
REX has invested approximately $166,000,000 to date in carbon capture and ethanol expansion projects and remains within the previously disclosed total budget range of $220,000,000 to $230,000,000.
Consistent Profitability and Market Tailwinds
REX has delivered 22 consecutive quarters of profitability. Management highlights continued strong export demand, favorable corn supplies (supporting manageable input costs), and a constructive policy environment (45Z and monitoring of E15 developments).
REX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
REX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 26, 2026 | $41.38 | $44.08 | +6.52% |
Dec 04, 2025 | $33.50 | $35.07 | +4.69% |
Aug 27, 2025 | $30.49 | $30.42 | -0.23% |
May 28, 2025 | $21.32 | $20.03 | -6.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rex American Resources (REX) report earnings?
Rex American Resources (REX) is schdueled to report earning on May 27, 2026, Before Open (Confirmed).
What is Rex American Resources (REX) earnings time?
Rex American Resources (REX) earnings time is at May 27, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is REX EPS forecast?
Currently, no data Available