REX American Resources Reports Q2 Earnings, Highlights Ethanol Expansion and Carbon Capture Progress
REX American Resources reported its second-quarter earnings for fiscal year 2026 on September 2, 2026. The company achieved a record net income per share of $1.06 during the quarter, driven by strong operational performance and favorable market conditions. Executive Chairman Stuart A. Rose highlighted two key developments: ongoing ethanol production expansion at its 1 Earth facility in Gibson City, which is on schedule to be completed before year-end, and regulatory progress with a carbon capture project that received draft Class VI well permits from the US EPA. The company's balance sheet remains strong, with no bank debt and significant cash reserves. This financial position allows REX American Resources to fund its growth initiatives internally while evaluating capital allocation strategies for future use.
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