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REX

REX American Resources Corporation

REX

REX American Resources Corporation • NYSE
$32.99 ▼ -0.03% (-0.01)
Market Cap $1.09 B
52w High $33.97
52w Low $16.73
Dividend Yield 0%
P/E 22.29
Volume 67.58K
Outstanding Shares 33.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $158.563M ▲ $6.201M ▲ $7.111M ▼ 4.485% ▼ $0.215 ▼ $8.118M ▼
Q1-2025 $158.34M ▲ $5.944M ▼ $8.678M ▼ 5.481% ▼ $0.255 ▼ $13.417M ▼
Q4-2024 $158.228M ▼ $6.171M ▼ $11.098M ▼ 7.014% ▼ $0.315 ▼ $16.491M ▼
Q3-2024 $174.877M ▲ $8.426M ▲ $24.5M ▲ 14.01% ▲ $0.695 ▲ $31.255M ▲
Q2-2024 $148.155M $6.44M $12.378M 8.355% $0.355 $19.418M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $310.452M ▼ $700.596M ▲ $69.606M ▼ $545.766M ▲
Q1-2025 $315.892M ▼ $693.84M ▼ $74.204M ▼ $536.382M ▼
Q4-2024 $359.075M ▼ $720.008M ▲ $76.406M ▲ $560.337M ▼
Q3-2024 $365.075M ▲ $715.662M ▲ $69.062M ▲ $564.491M ▲
Q2-2024 $345.982M $680.009M $63.823M $539.633M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $9.328M ▼ $16.284M ▲ $65.724M ▲ $-959K ▲ $81.049M ▲ $-5.74M ▲
Q1-2025 $10.672M ▼ $-3.476M ▼ $1.809M ▲ $-34.675M ▼ $-36.342M ▲ $-10.376M ▼
Q4-2024 $14.103M ▼ $25.086M ▼ $-110.49M ▼ $-16.59M ▼ $-101.994M ▼ $9.196M ▼
Q3-2024 $32.185M ▲ $33.398M ▲ $3.858M ▼ $-47K ▼ $37.209M ▲ $18.189M ▲
Q2-2024 $15.007M $7.971M $21.877M $-8K $29.84M $-7.416M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Other Member
Other Member
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully from the pandemic period but has eased off from its peak, which is typical for a business tied to volatile commodity prices like ethanol. Despite this, profitability has held up reasonably well, with solid operating and net income in each of the past few years. Earnings per share have bounced around but remain comfortably positive, showing that the company can stay profitable through different parts of the cycle. Overall, it looks like a disciplined, margin‑focused operator in a choppy pricing environment rather than a pure growth story.

Balance Sheet

Balance Sheet The balance sheet appears to be a clear strength. Assets and shareholder equity have steadily increased, suggesting the business is building value over time. Cash levels are healthy relative to the overall size of the company, and debt is very low, which gives REX flexibility and resilience if industry conditions weaken or if projects run over budget. This conservative financial posture supports its ability to self‑fund much of its strategy without relying heavily on lenders.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, though it fluctuates year to year with the underlying commodity environment. Historically, the company has generated more cash than it spends on its assets, but in the most recent year it stepped up investment, leading to slightly negative free cash flow. That points to a transition phase: REX is deliberately putting more money into long‑term projects, rather than just maximizing short‑term cash generation. Its cash cushion and low debt help make this investment push more manageable.

Competitive Edge

Competitive Edge REX operates in a commodity industry where it is hard to stand out, but it has carved out some advantages. Its plants are located in key corn‑growing regions, which helps on both cost and logistics. Management appears focused on efficiency and profitability rather than volume for its own sake, which shows up in the steady margins and strong balance sheet. The big differentiator, however, is its early and aggressive move into carbon capture and lower‑carbon ethanol, which could set it apart from peers if customers and regulators increasingly favor low‑carbon fuels.

Innovation and R&D

Innovation and R&D The company’s main innovation focus is on integrating carbon capture and sequestration into its ethanol plants. At its Illinois facility, REX is building the capability to capture and store emissions underground, and in South Dakota it is partnering in a broader carbon pipeline project. These efforts aim to turn standard ethanol into a lower‑carbon, potentially premium product that can tap into tax credits and higher‑value markets. The upside is meaningful, but success depends on permitting, project execution, partner performance, and the evolution of low‑carbon fuel policies.

Summary

REX looks like a financially conservative ethanol producer that is using its strong balance sheet to pursue a more ambitious, low‑carbon strategy. The core business is profitable but exposed to commodity swings, while the carbon capture investments introduce both new opportunity and new execution risk. If the company delivers on its projects and policy incentives remain supportive, REX could shift from being just another commodity producer to a differentiated supplier of low‑carbon fuels. The key watchpoints are project timelines, regulatory approvals, and the company’s ability to turn its low‑carbon capabilities into durable pricing and margin advantages.

NEWS

November 20, 2025 · 7:30 AM UTC

REX American Resources to Report Fiscal Q3 2025 Results and Host a Conference Call and Webcast on December 4, 2025

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October 29, 2025 · 11:00 AM UTC

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of REX American Resources Corporation (NYSE: REX)

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October 21, 2025 · 8:00 AM UTC

T-REX Single-Stock ETF Suite Expands to Include 2X Leveraged Exposure to SharpLink Gaming

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September 26, 2025 · 8:00 AM UTC

REX Shares Launches Three New T-REX Single-Stock ETFs on BMNR, CRWV, and CRCL

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September 25, 2025 · 8:00 AM UTC

REX-Osprey™ Launches First Ethereum Staking ETF in the US

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