10-Q · June 2, 2026
REX American Resources reported a revenue of $156.5 million for Q1 2026, slightly down from $158.3 million in Q1 2025, attributed to lower ethanol prices despite gains in other product segments such as distillers corn…
Earnings analysis · 10-Q
REX earnings analysis
Filed September 3, 2026 · Our reading of the company's report
The latest report
REX reported quarterly revenue of $168.493 million and diluted EPS of $1.06, described in the prior earnings disclosure as record second-quarter EPS. The filing provides limited operating, balance-sheet, and cash-flow…
Read full summary
REX reported quarterly revenue of $168.493 million and diluted EPS of $1.06, described in the prior earnings disclosure as record second-quarter EPS. The filing provides limited operating, balance-sheet, and cash-flow detail in the supplied extract and contains no numeric forward guidance. Commodity exposure remains material, with a 10% adverse ethanol-price move estimated to reduce pretax income by $59.307 million.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.06
What stood out
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Revenue and EPS were strong
Quarterly revenue was $168.493 million and diluted EPS was $1.06. The prior earnings disclosure characterized the result as record second-quarter EPS, although the 10-Q extract does not provide the comparative income-statement amounts needed to quantify year-over-year changes.
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Commodity-risk disclosure quantified
Management reported commodity-risk exposure for the 12 months following July 31, 2026, with a 10% adverse ethanol-price change estimated to reduce pretax income by $59.307 million.
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Share repurchases continued
The company repurchased 36,801 shares during June 2026 at an average price of $42.97 per share, with 2,320,385 shares remaining available under the authorization at July 31, 2026.
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Controls remained effective
The 10-Q states that disclosure controls and procedures were effective as of the end of the period, and that there were no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls.
What to watch
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Material commodity-price exposure
A 10% adverse change in corn prices was estimated to reduce pretax income by $42.713 million over the following 12 months; corresponding sensitivities were $10.032 million for distillers grains and $7.528 million for distillers corn oil.
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Ethanol-price sensitivity
The filing identifies a 10% adverse change in ethanol prices as a potential $59.307 million reduction in pretax income over the next 12 months, highlighting continued dependence on ethanol economics.
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No formal risk-factor update
The company disclosed no material changes to the risk factors in its January 31, 2026 Form 10-K. Separately, the filing estimates a $1.524 million pretax-income impact from a 10% adverse change in natural-gas prices.
Management's outlook
No numeric revenue or EPS guidance was provided in the filing; the 10-Q states that there were no material changes to the risk factors in the January 31, 2026 Form 10-K.
Earlier filings 4
10-K · March 30, 2026
REX American Resources Corporation reported solid performance in fiscal year 2025 with growth in net income driven by efficient operations and favorable market conditions for ethanol and by-products. The company is…
10-Q · December 4, 2025
REX American Resources Corporation reported a strong third quarter with notable improvements in revenue and profitability, driven by robust distillers corn oil sales despite facing pressures from ethanol prices. The…
10-Q · September 2, 2025
REX reported a Q2 FY2025 revenue decrease of 7.8% year-over-year, totaling $158.6 million, while diluted EPS improved to $0.43 from $0.35 last quarter. The company experienced heightened operational margins but…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.