REX American Resources Q4 profit surges, helped by ethanol pricing

Reuters03-26 19:43
<a href="https://laohu8.com/S/REX">REX American Resources</a> Q4 profit surges, helped by ethanol pricing

Overview

  • U.S. ethanol producer's Q4 net income and EPS rose sharply on improved pricing, 45Z tax credits

  • Q4 revenue was flat yr/yr, reflecting steady ethanol sales volumes

  • Company repurchased 1.65 mln shares for $32.9 mln in fiscal 2025

Outlook

  • Company expects One Earth Energy expansion to be fully operational during fiscal 2026

  • REX says carbon capture project awaits permitting, with no timeline for completion

Result Drivers

  • ETHANOL PRICING - Improved ethanol pricing boosted gross profit in Q4, per company

  • CORN COSTS - Lower corn costs contributed to higher gross profit in Q4, according to company

  • 45Z TAX CREDITS - Company recognized $28.1 mln in 45Z tax credits as a reduction to income tax expense in Q4

Company press release: ID:nBw9WT3qwa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$157.96 mln

Q4 EPS

$1.32

Q4 Net Income

$47.61 mln

Analyst Coverage

  • The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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