REX American Q1 revenue falls on lower ethanol pricing

REX American Resources Corporation

REX American Resources Corporation

REX

0.00


Overview

  • U.S. ethanol producer's fiscal Q1 revenue declined slightly on lower ethanol pricing

  • Net income per share more than doubled to $0.56, a company first-quarter record

  • Production tax credit income and lower corn costs offset lower ethanol pricing


Outlook

  • REX expects One Earth Energy ethanol expansion to become fully operational during fiscal 2026

  • Company continues to budget $220-$230 mln for expansion and carbon capture projects

  • REX says industry tailwinds and 45Z tax credit opportunities support outlook for remainder of 2026


Result Drivers

  • PRODUCTION TAX CREDIT - Co said $7.5 mln in production tax credit income boosted gross profit and offset lower ethanol pricing

  • LOWER CORN COSTS - Co said reduced corn costs helped offset impact of lower ethanol pricing on results

  • LOWER ETHANOL PRICING - Co said revenue declined mainly due to lower ethanol pricing


Company press release: ID:nBw2qylk1a


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$156.50 mln

Q1 EPS

$0.56

Q1 Net Income

$21.68 mln


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