Quarterly ResultMay 28, 2026, 09:12 AM
REX American Resources Q1 EPS $0.56, Best First Quarter in History
AI Summary
REX American Resources reported its best fiscal first quarter in company history, with diluted net income per share attributable to common shareholders increasing to $0.56 in Q1 2026 from $0.26 in Q1 2025. Net income attributable to REX shareholders rose to $18.5 million from $8.7 million year-over-year. Gross profit more than doubled to $29.1 million, driven by $7.5 million in production tax credit income and lower corn costs, despite a slight decrease in net sales and revenue to $156.5 million due to lower ethanol pricing. The company is also nearing completion of its One Earth Energy ethanol production expansion and continues to advance its carbon capture project.
Key Highlights
- Diluted net income per share was $0.56 in Q1 2026, up from $0.26 in Q1 2025.
- Net income attributable to REX common shareholders increased to $18.5 million in Q1 2026 from $8.7 million in Q1 2025.
- Gross profit for Q1 2026 was $29.1 million, significantly up from $14.3 million in Q1 2025.
- Net sales and revenue for Q1 2026 were $156.5 million, compared to $158.3 million in Q1 2025.
- Production tax credit income contributed $7.5 million in Q1 2026.
- Consolidated ethanol sales volumes were 71.1 million gallons for Q1 2026.
- Cash, cash equivalents, and short-term investments totaled $364.3 million as of April 30, 2026.
- Capital expenditures for the One Earth Energy expansion and carbon capture project totaled $176.3 million to date.
Price Impact
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