Welcome to our dedicated page for Rex American Res news (Ticker: REX), a resource for investors and traders seeking the latest updates and insights on Rex American Res stock.
REX American Resources Corp (REX) delivers essential updates on its ethanol production operations and alternative energy investments through this centralized news hub. Investors and industry observers will find timely reports on financial performance, operational milestones, and strategic initiatives within the renewable energy sector.
This resource provides comprehensive tracking of REX's core activities including ethanol production capacity, by-product innovations like dried distillers grains, and sustainability efforts. Users can access verified press releases covering earnings announcements, partnership developments, and market expansion updates.
Key content areas include quarterly financial disclosures, plant efficiency improvements, and corn oil production metrics. The curated news flow enables stakeholders to monitor REX's position in competitive ethanol markets and its responses to agricultural commodity trends.
Bookmark this page for direct access to REX's official communications and third-party analyses of its renewable energy strategies. Regular updates ensure informed decision-making about this key player in industrial by-product valorization and alternative fuel production.
REX American Resources (NYSE: REX) reported its fiscal year 2024 financial results, with net sales of $642.5 million, down from $833.4 million in 2023, primarily due to reduced ethanol and co-products pricing. Full-year gross profit reached $91.5 million with a 14% margin, compared to $98.2 million and 12% margin in 2023.
The company achieved net income of $58.2 million ($3.30 per diluted share) in FY2024, versus $60.9 million ($3.47 per share) in FY2023. Q4 2024 saw net income of $11.1 million ($0.63 per share), down from $20.6 million ($1.16 per share) in Q4 2023.
The Board authorized an additional 1.5 million share buyback program. The company's One Earth facility expansion and carbon capture project has seen $115.6 million in capital expenditures, with total budget now estimated at $220-$230 million. Project completion is expected to extend beyond mid-2025, with carbon capture permitting anticipated in October 2025.
REX American Resources (NYSE: REX), a leading ethanol production company, has scheduled its fiscal fourth quarter and full fiscal year 2024 financial results announcement for March 26, 2025, before market opening. The company will host a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results.
Investors can access the conference call by dialing (877) 269-7751 (US) or (201) 389-0908 (international). A live webcast will be available in the Investors section of REX's website. A 30-day replay will be accessible using (844) 512-2921 (US) or (412) 317-6671 (international) with passcode 13751633.
REX American Resources reported strong fiscal Q3 2024 results with net income of $24.5 million ($1.38 per share), marking the second-best quarterly performance in company history. Net sales decreased to $174.9 million from $221.1 million year-over-year due to reduced ethanol and co-products pricing. Gross profit slightly increased to $39.7 million from $39.3 million. The company reported consolidated ethanol sales volumes of 75.5 million gallons, up 3% year-over-year.
The One Earth Energy facility expansion project remains on track for completion by mid-2025, which will increase production capacity from 150 to 175 million gallons annually. The company maintains a strong balance sheet with $365.1 million in cash and no bank debt.
REX American Resources (NYSE: REX), a leading ethanol production company, has announced it will release its fiscal third quarter 2024 operational and financial results on Tuesday, December 3, 2024 before market open. The company will host a conference call and webcast at 11:00 a.m. ET the same day to discuss the results. Investors can access the call via phone or through a live webcast on the company's website, with a 30-day replay available afterward.
REX American Resources (NYSE: REX) reported strong fiscal Q2 2024 results, with net income attributable to REX shareholders increasing by 37% to $12.4 million. The company achieved $0.70 earnings per share, up from $0.52 in Q2 2023. Despite a 6% decrease in ethanol sales volumes, REX saw a 7% increase in gross profit to $19.8 million. The company maintains a robust balance sheet with $346 million in cash and no bank debt. REX is progressing with its One Earth Energy carbon capture project and ethanol production expansion, with total capital expenditures of $90.8 million to date, remaining on track for a $165-$175 million budget.
REX American Resources (NYSE: REX) has announced its participation in two upcoming investor events. The company will take part in the NYSE's Virtual Energy & Utilities Day on September 10, 2024, and Janney Montgomery Scott's 2nd Annual Clean Energy Investment Symposium in New Orleans, LA on December 4-5, 2024.
These events provide REX with opportunities to engage with investors and showcase its position in the energy and utilities sector. Interested parties can access REX's latest presentation through the Events & Presentations section of the company's investor relations website at www.investors.rexamerican.com.
REX American Resources (NYSE: REX), a leading ethanol production company, has announced its plans to report fiscal Q2 2024 operational and financial results on Tuesday, August 27, 2024 before the market opens. The company will host a conference call and webcast at 11:00 a.m. ET on the same day to review the results.
Interested parties can access the conference call by dialing (877) 269-7751 (US) or (201) 389-0908 (international). A live webcast will also be available in the Investors section of the REX website at www.rexamerican.com. For those unable to attend, a replay will be accessible for 30 days after the call by dialing (844) 512-2921 (US) or (412) 317-6671 (international) with passcode 13748164.
REX American Resources reported net income per share of $0.58 for fiscal Q1 2024, marking their second-best Q1 in history.
Gross profit surged by over 42% to $14.5 million, driven by lower corn and natural gas prices.
Net sales and revenue decreased by 24% to $161.2 million due to reduced ethanol pricing.
Ethanol sales volumes increased by 4% to 74.5 million gallons.
REX advanced their One Earth Energy carbon capture project, securing agreements for 100% of the required rights of way and the subsurface area for injection wells.
Completion of the construction phase is scheduled for July 2024.
Capital expenditures for the project amounted to $78.1 million, with a budget of $165-$175 million.
REX ended the quarter with $351.8 million in cash and no debt.
REX American Resources (REX) will report its Q1 2024 results on May 22, 2024, and host a conference call and webcast to review the results. Interested parties can access the call via phone or webcast.
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