Continued Share Buybacks
During the first quarter, REX repurchased approximately 822,000 shares for a total consideration of $32.7 million, representing approximately 6.8% of outstanding shares since December 2024.
19th Consecutive Profitable Quarter
REX has achieved its nineteenth consecutive profitable quarter, with net income attributable to shareholders at $8.7 million or $0.51 per diluted share.
Positive Developments in Regulatory Environment
Senate Bill 1723 in Illinois, which could have impacted carbon sequestration projects, is seen as positive for REX's ethanol location since their sites are outside the affected area.
Strong Ethanol Export Growth
U.S. ethanol exports through March 2025 were nearly 19% higher than during the same period in 2024.