REX American Resources Corporation reported a record‑high earnings per share of $2.50 for fiscal 2025, up from $1.65 in 2024. Total revenue for the year was $650.5 million, a 1.2% increase over the $642.5 million reported in 2024, while gross profit margin held steady at 14%. The company’s ethanol sales volume reached 290.0 million gallons, the highest level in its history, driven by strong export demand and favorable industry conditions.
In the fourth quarter, REX posted an EPS of $1.32, a substantial beat over the consensus estimate of $0.15 and a sharp rise from the $0.31 EPS recorded in Q4 2024. Revenue for the quarter was $158.0 million, slightly below the analyst estimate of $162 million and essentially flat against the $158.2 million reported a year earlier. The earnings beat was largely attributable to approximately $28.1 million in 45Z tax credits, improved ethanol pricing, and lower corn costs, which together lifted gross profit to $28.9 million from $17.6 million in the prior year.
The company’s gross profit margin remained at 14% for the full year, reflecting a balance between higher ethanol and corn oil prices and better crush margins. The 45Z tax credits not only boosted Q4 earnings but also underscored the value of the company’s low‑carbon ethanol strategy. However, the revenue miss in Q4 highlights a modest headwind, as the company’s top line did not meet analyst expectations despite flat year‑over‑year growth.
REX is advancing its One Earth expansion, with the new ethanol production facility expected to become fully operational in fiscal 2026. The carbon capture and sequestration project at One Earth is complete but still awaiting permitting for the Class VI injection well and associated pipeline. The company’s balance sheet remains strong, with $375.8 million in cash, cash equivalents, and short‑term investments and no bank debt, providing flexibility for future growth initiatives.
"REX American delivered record earnings per share in fiscal 2025. We strengthened our record of profitable operations, advanced our ethanol production expansion, and continued working closely with government officials to drive progress on our carbon capture initiative," said CEO Zafar Rizvi. "At the same time, we remain fully focused on our core operations and revenue‑generating activities, while pursuing qualifications for the 45Z tax credit program to enhance profitability. The REX team continues to execute at a high level, positioning the company…" "Fiscal 2025 was an exceptional year for REX American Resources Corporation, highlighted by outstanding operational performance and meaningful progress on our strategic growth initiatives. We demonstrated not only the resilience and scalability of our business model, but also the strength and capability of our team. Our ethanol sales volume reached record levels in 2025, driven by strong export demand and favorable industry conditions." "Stuart Rose, Executive Chairman, added: ‘Fiscal 2025 was an exceptional year for REX American Resources Corporation, highlighted by outstanding operational performance and meaningful progress on our strategic growth initiatives…’
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.