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REX American Resources (REX) investor relations material
REX American Resources Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary4 Dec, 2025
Executive summary
Q3 2025 net sales were $175.6 million, up slightly from $174.9 million in Q3 2024, with net income attributable to shareholders at $23.4 million ($0.71 per diluted share), down from $24.5 million ($0.69 per share) last year.
Gross profit for Q3 2025 was $36.1 million, compared to $39.7 million in Q3 2024, due to lower ethanol and distillers grain pricing.
Ethanol sales volumes reached 78.4 million gallons, up from 75.5 million gallons in Q3 2024.
Achieved 21 consecutive quarters of profitability.
The company operates one reportable segment: ethanol and by-products, with interests in several ethanol plants.
Financial highlights
SG&A expenses were $8.2 million in Q3 2025, down from $8.4 million in Q3 2024, mainly due to lower performance bonuses and stock compensation.
Interest and other income totaled $3.2 million, down from $4.6 million year-over-year.
Net cash provided by operating activities for the nine months was $64.0 million, up from $39.1 million year-over-year.
Working capital at quarter-end was $354.2 million with a current ratio of 7.2x.
Cash, cash equivalents, and short-term investments totaled $335.5 million as of October 31, 2025.
Outlook and guidance
Ethanol expansion at One Earth facility is progressing, targeting 200 million gallons per year by 2026.
Carbon capture and sequestration project at Gibson City is awaiting EPA permitting, with a final decision expected by June 2026.
Capital expenditures for expansion and sequestration projects are budgeted at $220–$230 million, with $25–$35 million to be spent during the remainder of fiscal 2025.
Management expects Q4 2025 net profit to exceed last year's and anticipates continued growth and improved performance in 2026.
U.S. ethanol exports projected to set a new record in 2025, with strong export momentum continuing.
What was the EPS impact of share count reduction?
How will 45Z credits be leveraged post-permit?
Why did affiliate income diverge from gross profit?
Clarify 45Z credit recognition timeline
What triggers 3rd party CCS contract negotiations?
Detail tariff impact on corn oil/DDG exports
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Next REX American Resources earnings date
Q4 202624 Mar, 2026
Next REX American Resources earnings date
Q4 202624 Mar, 2026
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Frequently asked questions
REX American Resources Corporation, produces and sells ethanol in the United States. The company primarily offers 100 percent pure high-octane fuel grade ethanol for blending with gasoline, as well as corn oil derived from distilling process for use in animal nutrition. It also offers other by-products and services that include denatured alcohol and ethanol gas. The company was formerly known as REX Ethanol LLC until July 1, 2010. REX American Resources Corporation was founded in 1980 and is headquartered in Dayton, Ohio.
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