Rex American Resources (REX)
NYSE:REX
Want to see REX full AI Analyst Report?
Earnings Data
Report Date
Sep 02, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.22Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and financial picture: record first-quarter EPS and sharply higher net income and gross profit driven in part by recognized 45Z production tax credits, stable ethanol volumes, stronger co-product pricing, no bank debt and active, on-schedule growth projects. Offsetting concerns include a decline in ethanol selling price, a substantial increase in SG&A expenses, ongoing permitting and regulatory uncertainty related to carbon capture, and a reduction in interest income and cash due to project spending. On balance, the highlights (notably material earnings improvement and project progress) outweigh the lowlights.Company Guidance
Record Net Income and EPS
Net income attributable to REX shareholders was $18.5 million in Q1 FY26, or $0.56 per diluted share, up from $8.7 million or $0.26 per diluted share in Q1 FY25 — net income increased ~112.6% and EPS increased ~115.4% year-over-year. Management called this the most profitable first quarter on a net income per share basis in company history.
Gross Profit and Pre-Tax Earnings Strength
Gross profit improved to $29.1 million from $14.3 million in Q1 FY25 (an increase of ~103.5%). Income before taxes and noncontrolling interest rose to $26.1 million from $13.6 million (up ~91.9%).
45Z Production Tax Credits Contributing to Results
The company recognized $7.5 million of Section 45Z production tax credit income in Q1 FY26 (recognized as operating income from consolidated plants). Management is booking the credit at $0.10 per gallon while monitoring regulations.
Stable Volumes with Slight Ethanol Volume Growth
Ethanol sales volumes were 71.1 million gallons in Q1 FY26 versus 70.9 million gallons in Q1 FY25, a modest increase of ~0.28%, indicating stable production and shipment volumes quarter-over-year.
Higher Co-Product Pricing
Dry distillers grains average selling price rose to $155.86/ton from $145.65/ton (up ~7.0%). Corn oil average selling price increased to $0.54/lb from $0.46/lb (up ~17.4%), supporting co-product revenue.
Strong Balance Sheet and Liquidity
Cash, cash equivalents and short-term investments totaled $364.3 million at quarter end. The company reported no bank debt and stated it continues to fund growth projects from this strong balance sheet.
Strategic Growth Projects Advancing on Schedule
Ethanol capacity expansion at Gibson City is on schedule for completion by the end of 2026. Total invested in the carbon capture and ethanol expansion projects was approximately $176 million, and management reported the projects remain within the combined budget range of $220–$230 million (subject to inflation/market adjustments).
Export Market Tailwinds
Management cited industry data (Renewable Fuel Association) showing ethanol exports increased by ~20% through March year-over-year, indicating strong export demand supporting future sales.
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 |
|---|---|---|---|
May 28, 2026 | $49.18 | $48.26 | -1.87% |
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% |
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 Sep 02, 2026, Before Open (Confirmed).
What is Rex American Resources (REX) earnings time?
Rex American Resources (REX) earnings time is at Sep 02, 2026, Before Open (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?
Currently, no data Available