REX American Posts Record Q2 EPS of $1.06, Up 382% YoY on Tax Credits
REX sits 40% above its 52-week low of $30.02.
Summary
REX American Resources reported record fiscal Q2 2026 EPS of $1.06, up from $0.22 a year ago, driven by $18.4 million in Section 45Z production tax credits and improved crush margins. Gross profit surged to $53.3 million from $14.3 million, and net income attributable to shareholders reached $34.9 million versus $7.1 million. The company also received draft EPA permits for three Class VI injection wells at its One Earth carbon capture project on August 17, a key regulatory step. With $379.5 million in cash and no bank debt, REX has ample liquidity to fund its $191.2 million carbon capture expansion. The conference call at 11:00 a.m. ET today will provide management's outlook on the tax credit program and project timeline.
At the time of this announcement, REX was trading at $41.99 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $30.02 to $53.36. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.