REX American Resources Corporation reported record financial results for its fiscal second quarter ended July 31, 2026, according to an 8-K filing dated September 2, 2026. The company reported net income attributable to common shareholders of $34.9 million for the quarter, a significant increase from $7.1 million in the same period of the prior year.
Diluted earnings per share (EPS) reached $1.06 for Q2 2026, compared to $0.22 in Q2 2025. This increase was driven by improved pricing and the benefits of the Section 45Z production tax credit program, which contributed $18.4 million in net income for the quarter. The company reported gross profit of $53.3 million for the period, up from $14.3 million in Q2 2025.
On the balance sheet as of July 31, 2026, REX held $379.5 million in cash, cash equivalents, and short-term investments, with no bank debt outstanding. The company also announced that its carbon capture and sequestration project at the One Earth Energy facility received draft permits from the U.S. Environmental Protection Agency (EPA) on August 17, 2026, for three Class VI injection wells.
