Earnings Feed

REX

Energy & Utilities

Average ethanol selling price slightly decreased to $1.75 per gallon from $1.79 in the prior year.
Corn oil sales volumes increased by 14% with a 26% price increase, resulting in a 46% increase in sales dollars.
Dry distiller grain sales volumes rose to approximately 148,000 tons, but average selling price dropped to $143.63 per ton from $164.45.
Ethanol sales volumes increased to 70.6 million gallons in Q2 2025 from 65.1 million gallons in Q2 2024.
Gross profit declined to $14.3 million from $19.8 million in Q2 2024, mainly due to lower DDG prices and higher shipping costs.
Net income attributable to REX shareholders was $7.1 million or $0.43 per diluted share, down from $12.4 million or $0.70 per diluted share.
Selling, general, and administrative expenses slightly decreased to $6.2 million from $6.4 million.
Strong balance sheet maintained with cash, cash equivalents, and short-term investments totaling $310.5 million and no bank debt.

REX

Energy & Utilities

The passage of the Big Beautiful Bill Act significantly strengthened the economics of REX's carbon capture and sequestration project by preserving the 45Q and 45Z tax credits.
The extension of the 45Z tax credit through 2029 positions REX to maximize benefits from the program as they expand ethanol capacity to 175 and 200 million gallons.
Legislation also simplified 45Z requirements by removing mandates tied to climate-smart farming practices, potentially broadening eligibility.
The EPA estimates the Class VI injection well permit will be finalized in March 2026, moving up from April, which is crucial for project timelines.
REX has invested approximately $126.7 million in its carbon capture and ethanol expansion projects, within a revised budget of $220-$230 million.
The company actively communicates with the EPA and is optimistic about final permit approvals, which are key to project progress.