REX American Resources Corp

REX American Resources Corp(REX)资讯与事件

$41.990

+0.932 (+2.22%)收盘时

REX 资讯

REX 事件

5/28 07:40

REX Company Nears Completion of Ethanol Expansion, Budgeting $220-$230 Million

The company said, "REX is nearing completion of the expansion of ethanol production at the One Earth facility. The Company expects testing and commissioning to begin upon completion, with the facility becoming fully operational during fiscal 2026. The Company's carbon capture and sequestration project continues to await permitting for the Class VI injection well and associated carbon dioxide pipeline. REX remains actively engaged with the U.S. EPA and the Illinois Commerce Commission throughout both processes. Capital expenditures to-date related to the One Earth Energy carbon capture and sequestration project and related expansion of ethanol production capacity at the Gibson City location totaled $176.3M. The Company continues to budget a total of $220-$230M for these projects, subject to further refinement as the projects move forward, including impacts of inflation."

5/28 07:40

REX Reports Q1 Revenue of $156.5 Million

Reports Q1 revenue $156.5M vs. $158.3M last year. Reported consolidated ethanol sales volumes of 71.1M. "The first quarter of 2026 maintained REX's strong operational and financial momentum, delivering the best first quarter on a net income per share basis in the Company's history, while advancing our growth initiatives," said Zafar Rizvi, Chief Executive Officer of REX. "Our core ethanol business continued its exceptional record of sustained profitability and earnings strength during the first quarter, benefiting from supportive industry tailwinds and emerging opportunities related to the 45Z tax credit. We remain highly optimistic about the opportunities ahead and what the remainder of 2026 holds for REX American."

3/26 07:40

REX Company Nears Completion of Ethanol Production Expansion

The company said, "REX is nearing completion of the expansion of ethanol production at the One Earth facility. The Company expects testing and commissioning to begin upon completion, with the facility becoming fully operational during fiscal 2026. The Company's carbon capture and sequestration project continues to await permitting for the Class VI injection well and associated carbon dioxide pipeline. REX remains actively engaged with the U.S. EPA and the Illinois Commerce Commission throughout both processes. Capital expenditures to-date related to the One Earth Energy carbon capture and sequestration project and related expansion of ethanol production capacity at the Gibson City location totaled $166 million. The Company continues to budget a total of $220-$230M for these projects."

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