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REX American Resources Corporation - REX STOCK NEWS

Welcome to our dedicated page for REX American Resources Corporation news (Ticker: REX), a resource for investors and traders seeking the latest updates and insights on REX American Resources Corporation stock.

REX American Resources Corp (symbol: REX) operates as a distinguished holding company with a primary focus on investments in alternative energy and ethanol production. The company has established itself in the renewable energy sector through its two key operating segments: Ethanol and By-Products.

REX's core offerings include ethanol, a widely used renewable fuel, and various by-products such as dried distillers grains (DDGS), modified distillers grains (MDGS), and non-food grade corn oil. These by-products are essential for animal feed and other industrial applications, contributing to sustainable agricultural practices.

The company's commitment to alternative energy is reflected in its strategic investments and partnerships, aimed at expanding its production capabilities and improving operational efficiencies. REX has been actively involved in acquiring and managing ethanol production facilities, which allows it to maintain a strong presence in the renewable energy market.

Recent achievements include advancements in production technology, strategic expansion into new markets, and efforts to reduce the environmental footprint of its operations. These initiatives highlight REX's dedication to innovation and sustainability.

Financially, REX American Resources Corp. remains robust, with consistent revenue streams generated from its diversified product lines. The company's sound financial health is supported by its prudent investment strategies and efficient management practices.

Investors are particularly interested in REX due to its stability and growth potential in the renewable energy sector. As the demand for sustainable energy solutions continues to rise, REX is well-positioned to capitalize on these trends.

For the latest updates and detailed information about REX American Resources Corp., including performance metrics and recent developments, visit our news section.

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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.

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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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REX American Resources reported strong financial results for Q4 and Full Fiscal Year '23, with net income per share of $1.16 and $3.47, respectively. The company achieved the second-highest net income per share in its history. Despite a decrease in net sales and revenue, gross profit increased by over 100% for both periods. REX also saw growth in consolidated ethanol sales volumes. The One Earth Energy carbon capture facility construction is underway, with expected completion in Q2 '24.
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REX American Resources Corporation (REX) will release Q4 and full fiscal year 2023 results on March 28, 2024, followed by a conference call and webcast. Interested parties can access the call and webcast on the REX website. A replay will be available for 30 days post-call.
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REX American Resources Corporation (NYSE: REX) reported Q3 '23 net sales and revenue of $221.1 million, reflecting a 10.4% increase in ethanol quantities sold. Gross profit increased 323.7% to $39.3 million, leading to a net income of $26.1 million, with a record $1.49 per share. The company's CEO highlighted the efficiency of operations and commitment to carbon sequestration initiatives.
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REX American Resources Corporation (REX) will report its fiscal 2023 third quarter financial results on November 30, with a conference call and webcast to review the results. Interested parties can access the call by dialing 212/231-2938 or by visiting the Investors section on the REX website at www.rexamerican.com.
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REX American Resources Corporation reports Q2 '23 financial results with net sales and revenue of $212.0 million, a 11.6% decrease compared to Q2 '22. Gross profit increased by 30.1% to $18.4 million. Income before income taxes and non-controlling interests increased by 64.3% to $16.1 million. Net income attributable to REX shareholders was $9.1 million, a decrease from Q2 '22. CEO highlights focus on operational efficiency and carbon capture projects.
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REX American Resources reports Q2 '23 net income per share of $0.52. Net sales and revenue decline due to reduced ethanol quantities and lower prices. Gross profit increases 30.1% due to lower corn and natural gas pricing. Income before taxes and non-controlling interests increases 64.3% excluding COVID-19 relief grants. Net income attributable to REX shareholders decreases. CEO highlights focus on operational efficiency and carbon capture projects. Balance sheet shows cash and cash equivalents of $284.4 million. No specific positive or negative business takes identified.
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REX American Resources Corporation to report Q2 2023 financial results on August 30
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FAQ

What does REX American Resources Corp do?

REX American Resources Corp is a holding company focused on investments in alternative energy and ethanol production.

What are the main products of REX?

REX produces ethanol and by-products such as dried distillers grains, modified distillers grains, and non-food grade corn oil.

What are the company's operating segments?

REX operates through two main segments: Ethanol and By-Products.

How does REX contribute to sustainability?

REX contributes to sustainability by producing renewable energy and by-products that support sustainable agricultural practices.

What recent achievements has REX made?

Recent achievements include advancements in production technology, market expansion, and efforts to reduce their environmental impact.

Why should investors be interested in REX?

Investors are interested in REX due to its stability, growth potential, and strong presence in the renewable energy market.

What is the financial condition of REX?

REX maintains a robust financial health with consistent revenue streams from its diversified products and sound investment strategies.

Where can I find the latest news about REX?

You can find the latest news and updates about REX on their official website and news sections.

What are dried distillers grains?

Dried distillers grains are a by-product of ethanol production used primarily as animal feed.

Is REX involved in any partnerships?

Yes, REX engages in strategic partnerships to expand its production capabilities and enhance operational efficiencies.

REX American Resources Corporation

NYSE:REX

REX Rankings

REX Stock Data

815.85M
17.50M
13.57%
83.37%
5.14%
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United States of America
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