Every 10-Q that REX American Resources Corp. (REX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow REX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full REX filings page.
REX American Resources Corporation (REX) reported sharply improved results for the quarter ended July 31, 2026, driven by strong crush margins and new U.S. clean fuel production tax credits. Net sales were $168.5 million, up from $158.6 million, and net income attributable to common shareholders rose to $34.9 million from $7.1 million, or $1.06 per diluted share versus $0.22.
For the first six months, net sales reached $325.0 million and net income attributable to common shareholders increased to $53.4 million from $15.8 million, helped by $26.0 million of Section 45Z production tax credit income recorded in gross profit. REX early adopted ASU 2025‑10, treating these credits under an income model and recognizing a $26.0 million production tax credit asset classified as Level 3. Despite higher SG&A from bonuses and equity awards, operating cash flow was $38.0 million and the balance sheet remained highly liquid with $91.3 million in cash and $288.2 million in U.S. Treasury bills as of July 31, 2026. REX continues to invest heavily in its One Earth carbon sequestration project and plant expansion to enhance eligibility for Section 45Z and potential Section 45Q tax credits.
REX American Resources reported stronger results for the quarter ended April 30, 2026. Net sales were $156.5 million, roughly flat year over year, but net income attributable to common shareholders rose to $18.5 million from $8.7 million as gross profit doubled to $29.1 million.
A key driver was $7.5 million of Section 45Z clean fuel production tax credit income, boosting margins and lowering the effective tax rate to 17.0%. The company ended the quarter with $117.7 million in cash and $246.6 million in U.S. Treasury bill investments, while continuing to invest heavily—$11.6 million this quarter—toward a planned $220–$230 million expansion and carbon sequestration program at its One Earth ethanol plant, funded from existing cash.
REX American Resources (REX) remained solidly profitable in its fiscal third quarter ended October 31, 2025, but margins tightened versus last year. Net sales were essentially flat at $175.6M, while net income attributable to common shareholders slipped to $23.4M from $24.5M. Earnings per diluted share were $0.71, up slightly from $0.69 as the company reduced its share count.
For the first nine months of fiscal 2025, revenue rose to $492.5M from $484.3M, but net income attributable to common shareholders declined to $39.2M from $47.1M, reflecting lower gross profit. Ethanol volumes grew modestly, dried distillers grains prices weakened, and distillers corn oil realized significantly higher pricing and volumes.
The balance sheet stayed strong, with cash and cash equivalents increasing to $272.0M from $196.3M and total equity rising to $656.2M. REX continued investing heavily in its One Earth Energy carbon sequestration and plant expansion projects, funding capital expenditures internally while also repurchasing $32.9M of stock and ending the period with about 32.9 million shares outstanding.
REX American Resources Corporation reported operating and segment results for the quarter ended July 31, 2025. The ethanol and by-products segment generated gross profit of $27,557 and $56,149 for the comparable interim periods shown, and produced/sold approximately 70.6 million and 65.1 million gallons of ethanol in the recent and prior three-month periods (subtotal 141.5 million gallons for the six-month comparison). Average selling prices and volumes for by-products are disclosed (dried distillers grains, distillers corn oil and modified distillers grains). The company disclosed inventory write-down activity, derivative and forward purchase contract positions for corn and ethanol, and lease expense of approximately $500,000 in the three- and six-month periods related to a lease that commenced in fiscal 2025. A 100% stock dividend payable September 15, 2025 was announced. The filing also discloses unrecognized tax benefits that would reduce the provision for income taxes by approximately $18.8 million if realized, and accrued penalties and interest of approximately $111,000.