REX American Resources' Q2 profit surges on tax credits, higher margins

REX American Resources

02/09/2026 12:40

Overview
U.S. ethanol producer's fiscal Q2 revenue rose yr/yr on improved pricing
Fiscal Q2 net income and EPS surged, aided by production tax credits and better margins
Company received draft EPA permits for carbon capture project at One Earth facility

Outlook
Company expects One Earth ethanol expansion to become operational during fiscal 2026
Company received EPA draft permits for carbon capture project, advancing regulatory process

Result Drivers
IMPROVED PRICING - Co said higher selling prices for ethanol and co-products contributed to increased revenue and gross profit
PRODUCTION TAX CREDITS - Section 45Z tax credit program contributed $18.4 mln directly to gross profit in Q2
CRUSH MARGINS - Co said improved crush margins boosted gross profit excluding tax credits

Company press release: ID:nBwc7SZrna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$168.49 mln
 
Q2 EPS
 
$1.06
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)