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Rex American Resources (REX)
NYSE:REX
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.58Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: 4.94%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for REX American Resources. While there were positive aspects such as increased ethanol sales, progress on the carbon capture project, and a strong cash position, there were significant challenges including decreased gross profit, net income, and increased project costs and timelines. The sentiment is balanced with both positive and negative elements highlighted.Company Guidance
During the fourth quarter and full fiscal year 2024 earnings conference call, REX American Resources Corporation shared several key metrics and strategic updates. The company reported ethanol sales of 289.7 million gallons for fiscal year 2024, a slight increase from 285.9 million gallons in the previous year, with fourth-quarter sales reaching 74.7 million gallons. The average selling price for ethanol was $1.71 per gallon for the year and $1.64 for the fourth quarter. REX's carbon capture and sequestration project in Gibson City, Illinois, saw substantial completion of its capture and compression facilities, with $115.6 million invested so far, and a budget adjustment to $222-$230 million for ongoing projects. The company repurchased approximately 373,000 shares in Q4 and an additional 281,709 shares in Q1 2025, reflecting a strong commitment to delivering shareholder value. REX ended fiscal 2024 with $359.1 million in cash and investments, and no bank debt, despite a decrease from the previous year's $378.7 million, largely due to capital expenditures and share repurchases. The call highlighted REX's focus on strategic growth, regulatory developments, and maintaining operational efficiency.Ethanol Sales Growth
Ethanol sales in fiscal year 2024 increased to 289.7 million gallons from 285.9 million gallons in 2023. Fourth quarter sales increased to 74.7 million gallons from 72.1 million gallons in the previous year.
Progress on Carbon Capture Project
Substantial completion of the capture and compression portions of the carbon capture facility in Gibson City, Illinois, with anticipation of moving forward in the sequestration phase upon receiving necessary permits.
Share Repurchase Program
During the fiscal fourth quarter of 2024, REX repurchased approximately 373,000 shares, and an additional 282,000 shares in the first quarter of 2025. The Board authorized an additional 1.5 million shares for repurchase.
Strong Cash Position
REX ended the fiscal year with $359.1 million in cash, cash equivalents, and short-term investments, despite the reduction due to capital expenditures and share repurchases.
Interest and Other Income Increase
Interest and other income grew by approximately 22% in 2024, totaling $19.2 million compared with $15.7 million in 2023.
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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
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REX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $36.61 | $38.61 | +5.46% |
| Dec 03, 2024 | $43.45 | $41.95 | -3.45% |
| Aug 27, 2024 | $47.50 | $44.85 | -5.58% |
| May 22, 2024 | $56.18 | $57.94 | +3.13% |
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.
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FAQ
When does Rex American Resources (REX) report earnings?
Rex American Resources (REX) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Rex American Resources (REX) earnings time?
Rex American Resources (REX) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REX EPS forecast?
REX EPS forecast for the fiscal quarter 2025 (Q1) is 0.34.
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