REX American Resources Corporation (REX) Earnings Call Transcripts

REX American Resources Corporation's Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal 2026, REX American Resources reported a record net income of $18.5 million, or $0.56 per diluted share, marking the highest earnings per share in the company's history. Revenue growth was driven by a combination of increased ethanol sales volumes and the recognition of $7.5 million in production tax credits under Section 45D. Management maintained a positive outlook, emphasizing ongoing growth initiatives in carbon capture and ethanol production despite regulatory challenges, and indicated confidence in stable operating conditions moving forward.

Reported metrics

Guidance from management

Management expressed confidence in stable operating conditions and the ability to deliver profitable results in the upcoming quarters, while closely monitoring regulatory developments that could impact growth projects.

What management said

Thank you. Anyway, sorry, there's no questions, but I want to reiterate, we have great plants, great locations, and I feel the best employees in the business led by our CEO, Zafar Rizvi. Again, I think they're better than anyone else in the industry and our earnings prove it. And we've been public for over 40 years, and we had our greatest first quarter in earnings per share in our public history. Again, best people,...

What analysts pressed on

Analysts expressed concerns regarding potential regulatory headwinds related to carbon capture initiatives and the impact of fluctuating ethanol prices on future profitability. There was a focus on the sustainability of current profit margins amidst changing market conditions.

Main topics on the call

• Record Earnings Performance — REX reported a net income of $18.5 million or $0.56 per diluted share, which is a significant increase from $8.7 million or $0.26 per diluted share in Q1 2025. This performance marks the 'strongest first quarter earnings...
• Ethanol Sales Growth — Ethanol sales volumes reached 71.1 million gallons, slightly up from 70.9 million gallons in the prior year. The average selling price for ethanol decreased to $1.66 per gallon from $1.76, indicating a mixed pricing envi...
• Production Tax Credits Impact — The company recognized $7.5 million in production tax credits during the quarter, which contributed to gross profit improvements. Management noted, 'we now report that as operating income from our consolidated plants.'
• Capital Investments and Growth Projects — REX continues to invest in its growth initiatives, with total investments in carbon capture and ethanol expansion projects at approximately $176.3 million. The company remains on track for project completion by the end o...

Read the full REX American Resources Corporation transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 REX American Resources Corporation earnings call transcripts on record, spanning March 26, 2020 to May 28, 2026. Based on this history, REX American Resources Corporation reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

REX

Exchange

NYSE

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

28

First call

March 26, 2020

Most recent

May 28, 2026

Reporting cadence

quarterly