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), 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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