Record Q2 FY2026 EPS of $1.06 for REX American Resources, Fueled by $18.4M in Clean Fuel Tax Credits
REX sits 41% above its 52-week low of $30.02 on light trading volume (0.4× avg).
Summary
Record Q2 FY2026 EPS of $1.06, up from $0.22, was driven by $18.4 million in clean fuel tax credits. The 10-Q confirms strong liquidity and progress on carbon sequestration permitting.
Key Events · Earnings and Guidance · REX
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Record Q2 EPS of $1.06
Net income attributable to REX common shareholders reached $34.9 million for Q2 FY2026, up from $7.1 million a year ago, with EPS of $1.06 versus $0.22.
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$18.4M in Clean Fuel Tax Credits
Production tax credit income of $18.4 million was recognized in Q2 FY2026 under Section 45Z, including $5.4 million of incremental credits from the revised 45ZCF-GREET model removing indirect land-use change.
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Carbon Sequestration Permit Progress
The EPA issued a draft Class VI injection well permit on August 17, 2026, with public comment open through September 23, 2026. REX has spent $59.1 million on the project to date.
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Strong Liquidity Position
Cash and short-term investments totaled $379.5 million at July 31, 2026, with working capital of $391.5 million and a current ratio of 6.9x.
Analysis · REX · Industrial Applications And Services
Record fiscal Q2 2026 results were driven by $18.4 million in Section 45Z clean fuel production tax credits, lifting EPS to $1.06 from $0.22 a year ago. Gross profit more than tripled to $53.3 million, reflecting new IRA/OBBBA tax credit recognition and improved byproduct pricing. With $379.5 million in cash and short-term investments, the company has ample runway for its $59.1 million carbon sequestration project and $132.1 million plant expansion at One Earth. A key regulatory milestone was reached on August 17, 2026, when the EPA issued a draft Class VI injection well permit, opening a public comment period through September 23, 2026.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 29.6% of the 1759 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.20%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, REX was trading at $42.18 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $30.02 to $53.36. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.