Record Q2 EPS of $1.06 and EPA Draft Permits for Carbon Capture Wells
REX sits 36% above its 52-week low of $30.02 on light trading volume (0.1× avg).
Summary
Record Q2 FY2026 EPS of $1.06, up from $0.22 a year ago, and draft EPA permits for its carbon capture project were reported.
Key Events · Earnings and Guidance · REX
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Record Q2 EPS of $1.06
Net income attributable to REX shareholders was $34.9 million, up from $7.1 million in Q2 2025, driven by $18.4 million in production tax credit income and improved crush margins.
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EPA Draft Permits Received
On August 17, 2026, the EPA issued draft permits for three Class VI injection wells for the One Earth carbon capture and sequestration project; public comment period is now open.
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Carbon Capture Capex at $191.2M
Cumulative capital expenditures on the One Earth carbon capture and ethanol expansion project reached $191.2 million, with the expansion expected to become operational during fiscal 2026.
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Strong Balance Sheet
As of July 31, 2026, REX held $379.5 million in cash, cash equivalents, and short-term investments with no bank debt.
Analysis · REX · Industrial Applications And Services
A record fiscal second quarter saw EPS of $1.06, nearly five times the prior-year figure, driven by $18.4 million in Section 45Z production tax credits and improved crush margins. Draft EPA permits for three Class VI injection wells were also received for the One Earth carbon capture project — a key regulatory milestone for a project that has already consumed $191.2 million in capital. With $379.5 million in cash and no bank debt, the balance sheet can fund the remaining expansion without dilution.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, REX was trading at $40.95 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $30.02 to $53.36. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.