REX American Resources profit rises to $34.9 million
- REX American Resources reported fiscal second-quarter 2026 net income of $34.9 million, up from $7.1 million a year earlier.
- Revenue increased to $168.5 million, while gross profit rose to $53.3 million from $14.3 million.
- The company benefited from improved crush margins and $18.4 million in production tax credit income.
REX American Resources Corporation (NYSE:REX) reported fiscal second-quarter 2026 net sales and revenue of $168.5 million, with net income attributable to shareholders rising to $34.9 million.
Revenue increased from $158.6 million in the prior-year quarter, primarily due to improved pricing, while gross profit expanded to $53.3 million from $14.3 million as the company benefited from stronger crush margins and production tax credits.
REX American Resources reported $18.4 million in production tax credit income net of estimated monetization expenses, $3.2 million in interest and other income, and income before income taxes and noncontrolling interests of $48.1 million compared with $12.1 million in the prior-year period.
REX American Resources reported diluted earnings per share of $1.06 for fiscal second-quarter 2026 compared with $0.22 a year earlier.
REX American Resources operates ethanol production facilities and participates in the renewable fuels industry, producing ethanol and related products.
The company reported net income attributable to REX shareholders of $34.9 million for fiscal second-quarter 2026 based on 33.09 million diluted weighted average shares outstanding, compared with $7.1 million based on 33.01 million shares in the prior-year quarter.
