REX American Resources Q4 profit surges, helped by ethanol pricing

Rex American Resources

26/03/2026 11:43

Overview

U.S. ethanol producer's Q4 net income and EPS rose sharply on improved pricing, 45Z tax credits

Q4 revenue was flat yr/yr, reflecting steady ethanol sales volumes

Company repurchased 1.65 mln shares for $32.9 mln in fiscal 2025

Outlook

Company expects One Earth Energy expansion to be fully operational during fiscal 2026

REX says carbon capture project awaits permitting, with no timeline for completion

Result Drivers

ETHANOL PRICING - Improved ethanol pricing boosted gross profit in Q4, per company

CORN COSTS - Lower corn costs contributed to higher gross profit in Q4, according to company

45Z TAX CREDITS - Company recognized $28.1 mln in 45Z tax credits as a reduction to income tax expense in Q4

Company press release: ID:nBw9WT3qwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$157.96 mln
Q4 EPS
$1.32
Q4 Net Income
$47.61 mln


Analyst Coverage

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

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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.)