Watch for final EPA approval on Class VI injection well permits and completion of the One Earth ethanol production expansion, both of which are catalysts for further margin improvement and potential revenue growth. The strong cash position supports ongoing capex without debt.
Price Chart
Executive Summary
REX American Resources reported a record fiscal Q2 2026 with diluted EPS of $1.06 vs $0.22 a year ago, on revenue of $168.5M (+6.2% YoY). Gross profit surged to $53.3M from $14.3M, driven by improved crush margins and $18.4M in 45Z production tax credits. Additionally, the company received draft EPA permits for three Class VI injection wells for its carbon capture project, a major regulatory milestone. The balance sheet remains debt-free with $379.5M in cash and short-term investments.
Key Financial Metrics
Key Facts
- Record Q2 diluted EPS $1.06 vs $0.22 prior year, a 382% increase
- Net sales and revenue $168.5M vs $158.6M prior year (+6.2%)
- Gross profit $53.3M vs $14.3M prior year (+272%), including $18.4M production tax credits
- Net income to REX shareholders $34.9M vs $7.1M prior year
- Cash and short-term investments $379.5M, no bank debt
- Received draft EPA permits for three Class VI injection wells on August 17, 2026
- One Earth ethanol expansion on track to become operational during fiscal 2026
- 24th consecutive profitable quarter
Financial Impact
Record quarterly net income of $34.9M and EPS of $1.06, significantly above prior year's $7.1M and $0.22. Production tax credits contributed $18.4M to gross profit.
Risk Factors
- Dependence on the 45Z production tax credit program, which may change with policy shifts
- Regulatory and permitting delays for the carbon capture and sequestration project
- Ethanol pricing and corn cost volatility could compress margins
- Execution risk on the One Earth expansion and CCS project
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000930413-26-002809 |
| Document: c117594_8k-ixbrl.htm | 0000930413-26-002809 |
| Document: 0000930413-26-002809-index-headers.html | 0000930413-26-002809 |
| Document: 0000930413-26-002809-index.html | 0000930413-26-002809 |
| Document: 0000930413-26-002809.txt | 0000930413-26-002809 |
| 8-K Data (Synthetic) | 0000930413-26-002809 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | 8-K | $42.80 $41.62 | ▼ −2.76% | ▼ −3.80% | $43.37 (+1.33%) |
Jul 1, 2026 13w ago | 8-K | $45.50 $44.98 | ▼ −1.14% | ▼ −1.01% | $43.37 (−4.68%) |
Jun 12, 2026 16w ago | 8-K | $43.94 $42.97 | ▼ −2.21% | ▼ −3.97% | $43.37 (−1.30%) |
Jun 11, 2026 16w ago | Institutional Cluster | $43.00 $43.94 | ▲ +2.19% | ▲ +1.65% | $43.37 (+0.86%) |
Jun 10, 2026 16w ago | Insider Cluster | $43.83 $43.00 | ▼ −1.89% | ▼ −3.59% | $43.37 (−1.05%) |
Jun 3, 2026 17w ago | 8-K | $46.28 $46.00 | ▼ −0.60% | ▼ −1.00% | $43.37 (−6.29%) |
May 28, 2026 18w ago | 8-K | $48.26 $46.76 | ▼ −3.11% | ▼ −3.35% | $43.37 (−10.13%) |
Apr 15, 2026 24w ago | DEFA14A | $43.11 $43.57 | ▲ +1.07% | ▲ +0.81% | $43.37 (+0.60%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access