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Close of Nov 06, 2026 · end-of-day data
REX 8-K filings, explained
Every material Form 8-K REX American Resources has filed with the SEC since November 30, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
REX American Resources reported fiscal second-quarter 2026 results for the three months ended July 31, 2026. Net sales and revenue rose to $168.5 million from $158.6 million, and net income attributable to REX shareholders rose to $34.9 million from $7.1 million, helped by $18.4 million of production tax credit income. The results show higher earnings per share for shareholders, with the company also noting progress on its One Earth carbon capture project.
Diluted net income per share attributable to REX common shareholders was $1.06, compared with $0.22 in the second quarter of 2025, on 33,090,000 diluted weighted average shares.
Net sales and revenue were $168.5 million, compared with $158.6 million, primarily reflecting improved pricing.
Gross profit was $53.3 million, compared with $14.3 million, including $18.4 million of production tax credit income.
As of July 31, 2026, REX had $379.5 million of cash, cash equivalents and short-term investments and no bank debt; the EPA issued draft permits for three Class VI injection wells on August 17, 2026.
REX American Resources disclosed new employment agreements with Executive Chairman Stuart A. Rose, CEO Zafar A. Rizvi, and CFO Douglas L. Bruggeman, executed June 29, 2026 and effective February 1, 2026. The agreements raise maximum annual bonuses and maximum severance-related bonuses for all three executives, which increases potential compensation costs for shareholders.
Rizvi's annual maximum bonus rises from $5,000,000 to $12,000,000; his maximum termination bonus rises from $6,000,000 to $12,000,000.
Rose's annual maximum bonus rises from $2,500,000 to $4,000,000; his maximum termination bonus rises from $3,000,000 to $5,000,000.
Bruggeman's annual maximum bonus rises from $2,500,000 to $4,000,000; his maximum termination bonus rises from $3,000,000 to $5,000,000.
Base salaries are $225,000 for Rose, $275,000 for Rizvi and $300,000 for Bruggeman; the agreements supersede prior agreements.
REX American Resources' Compensation Committee approved a form of Restricted Stock Unit Award Agreement under its 2026 Incentive Plan on June 10, 2026. The form is filed as Exhibit 10(a) to the 8-K, and the filing contains no financial results, dollar amounts, or changes to executive positions.
Compensation Committee approved the RSU Award Agreement form on June 10, 2026
Agreement is used for awards of restricted stock units under the REX American Resources Corporation 2026 Incentive Plan
Form filed as Exhibit 10(a); the filing does not state award sizes or recipients
At its May 28, 2026 annual meeting, REX American Resources shareholders approved the 2026 Incentive Plan and an amendment raising authorized common stock from 45,000,000 to 90,000,000 shares, effective June 1, 2026. Shareholders also elected all nine directors, approved executive compensation on an advisory basis, and ratified RSM US LLP as the independent auditor. The filing does not state any plan to issue the additional shares.
Authorized common stock increased from 45,000,000 to 90,000,000 shares; amendment filed with Delaware on June 1, 2026
2026 Incentive Plan approved May 28, 2026, with 27,270,159 votes for and 421,250 against
Advisory say-on-pay vote: 26,834,576 for and 854,974 against
All nine directors elected to one-year terms; Restated Certificate of Incorporation effective June 2, 2026
REX American reported fiscal first quarter 2026 results for the three months ended April 30, 2026, with net income attributable to REX shareholders of $18.5 million, up from $8.7 million a year earlier. Net sales and revenue slipped to $156.5 million from $158.3 million on lower ethanol pricing, but gross profit more than doubled, helped by $7.5 million of production tax credit income. The company also changed how it accounts for Section 45Z tax credits, with prior periods retrospectively adjusted.
Diluted net income per share attributable to REX common shareholders was $0.56, compared with $0.26 in Q1 2025, on 33,116,000 diluted weighted average shares.
Net sales and revenue were $156.5 million versus $158.3 million, while gross profit rose to $29.1 million from $14.3 million.
Cash, cash equivalents and short-term investments totaled $364.3 million as of April 30, 2026, with no bank debt.
The One Earth expansion is nearing completion, the carbon capture project still awaits Class VI well permitting, and the company budgets $220-$230 million for these projects.
REX American Resources reported results for the full fiscal year and fourth quarter ended January 31, 2026. Full-year net sales rose to $650.5 million from $642.5 million and net income attributable to REX shareholders rose to $83.0 million from $58.2 million, with diluted EPS of $2.50 versus $1.65. Fourth-quarter profit was also helped by approximately $28.1 million in 45Z tax credits recognized as a reduction to income tax expense.
Full fiscal 2025 net income attributable to REX shareholders was $83.0 million, up from $58.2 million; diluted EPS was $2.50 versus $1.65.
Q4 2025 net income attributable to REX shareholders was $43.7 million, up from $11.1 million; EPS was $1.32 versus $0.31.
Approximately $28.1 million in 45Z tax credits in Q4 2025 was recorded as a reduction to income tax expense.
As of January 31, 2026, REX had $375.8 million in cash, cash equivalents and short-term investments and no bank debt; the One Earth carbon capture project still awaits permitting.
REX American Resources reported fiscal third-quarter 2025 results for the period ended October 31, 2025. Net sales and revenue rose slightly to $175.6 million and diluted EPS rose to $0.71 from $0.69, helped by fewer diluted shares, but gross profit fell to $36.1 million, net income attributable to REX shareholders declined to $23.4 million, and the company attributed the gross profit decline mainly to lower ethanol and distillers grain pricing. The company reported $335.5 million in cash and short-term investments and no bank debt, and said the One Earth expansion remains on track for 2026 completion.
Net sales and revenue of $175.6 million vs. $174.9 million in Q3 2024; gross profit of $36.1 million vs. $39.7 million
Net income attributable to REX shareholders of $23.4 million vs. $24.5 million; diluted EPS of $0.71 vs. $0.69 on 33,002,000 vs. 35,445,000 diluted shares
As of October 31, 2025, $335.5 million in cash, cash equivalents and short-term investments and no bank debt
One Earth carbon capture sequestration permit decision expected June 2026; combined project budget $220-$230 million, with $155.8 million capital expenditures to date
REX American Resources reported fiscal second-quarter 2025 net sales and revenue of $158.6 million, up from $148.2 million a year earlier, but net income attributable to REX shareholders fell to $7.1 million from $12.4 million and diluted earnings per share fell to $0.43 from $0.70. The board also declared a 2-for-1 stock split, payable September 15, 2025 to holders of record on September 8, 2025, which would roughly double the outstanding share count to 33,057,574 shares.
Net sales and revenue rose to $158.6 million from $148.2 million, which the company attributes mainly to higher volumes despite lower ethanol and distillers grain prices.
Gross profit fell to $14.3 million from $19.8 million, and diluted EPS fell to $0.43 from $0.70.
The 2-for-1 stock split is a 100% stock dividend payable September 15, 2025 to shareholders of record on September 8, 2025.
Cash, cash equivalents and short-term investments totaled $310.5 million at July 31, 2025, with no bank debt.
REX American Resources reported fiscal first quarter 2025 results for the three months ended April 30, 2025. Net sales and revenue, net income attributable to REX shareholders, and diluted earnings per share all declined from the year-earlier quarter, while the company repurchased 822,256 shares for about $32.7 million.
Net sales and revenue were $158.3 million, down from $161.2 million in Q1 2024, which the company attributed mainly to lower volumes and lower sales prices for distiller grains.
Net income attributable to REX shareholders was $8.7 million, versus $10.2 million a year earlier; diluted EPS was $0.51, versus $0.58.
Gross profit was $14.3 million, compared with $14.5 million in Q1 2024.
As of April 30, 2025, REX had $315.9 million of cash, cash equivalents and short-term investments and no bank debt; 1,181,963 shares remained under the board repurchase authorization.
REX American Resources reported lower fourth-quarter and full fiscal 2024 sales and profit than a year earlier, as lower ethanol and co-product prices reduced revenue. Diluted EPS was $0.63 in the quarter versus $1.16, and $3.30 for the full year versus $3.47. The company also said its One Earth ethanol expansion will finish later than the mid-2025 target and now has a budget of $220-$230 million.
Q4 net sales and revenue were $158.2 million versus $187.6 million; Q4 gross profit was $17.6 million versus $30.4 million.
Full fiscal 2024 net sales and revenue were $642.5 million versus $833.4 million; diluted EPS was $3.30 versus $3.47.
One Earth ethanol expansion is budgeted at $220-$230 million, with completion now expected after the middle of 2025.
On March 25, 2025, the board authorized up to 1.5 million additional shares for repurchase; the company reported $359.1 million in cash and short-term investments and no bank debt as of January 31, 2025.
REX American Resources reported fiscal third-quarter 2024 results for the three months ended October 31, 2024. Net income attributable to REX shareholders fell to $24.5 million from $26.1 million, and diluted earnings per share fell to $1.38 from $1.49, while net sales and revenue dropped to $174.9 million from $221.1 million, which the company attributed to lower ethanol and co-product pricing. Gross profit rose slightly to $39.7 million, and the company said it had $365.1 million in cash, cash equivalents and short-term investments with no bank debt.
Net sales and revenue were $174.9 million, down from $221.1 million a year earlier, mainly on reduced ethanol and co-product pricing.
Diluted EPS was $1.38 versus $1.49, and net income attributable to REX shareholders was $24.5 million versus $26.1 million.
Gross profit was $39.7 million, up from $39.3 million, reflecting lower corn and natural gas prices.
As of October 31, 2024, the company had $365.1 million in cash, cash equivalents and short-term investments and no bank debt.
REX American Resources reported fiscal second-quarter 2024 results for the three months ended July 31, 2024. Diluted earnings per share rose to $0.70 from $0.52 a year earlier, but net sales and revenue fell to $148.2 million from $212.0 million, mainly due to lower ethanol and co-product pricing. The company also said construction of its One Earth Energy carbon capture facility will run past its previously expected end-of-July completion timeframe.
Net income attributable to REX shareholders was $12.4 million, compared with $9.1 million a year earlier.
Net sales and revenue were $148.2 million, down from $212.0 million, and gross profit rose to $19.8 million from $18.4 million.
The company had $346.0 million of cash, cash equivalents and short-term investments and no bank debt as of July 31, 2024.
EPA projects a draft permit for the carbon capture project by the end of 2024, with a final permit decision in the second quarter of 2025.
REX American reported fiscal first quarter 2024 results for the three months ended April 30, 2024. Net sales and revenue fell to $161.2 million from $212.7 million, but net income attributable to REX common shareholders rose to $10.2 million, or $0.58 per diluted share, from $5.2 million, or $0.30 per share, a year earlier. The company also said it has secured rights of way for 100% of its planned carbon pipeline and expects construction of its carbon capture and compression facility to finish in July 2024.
Net sales and revenue were $161.2 million, down from $212.7 million a year earlier, which the company attributed mainly to reduced ethanol and co-product pricing.
Gross profit rose to $14.5 million from $10.2 million, reflecting lower corn and natural gas prices and higher production levels.
Diluted EPS attributable to REX common shareholders was $0.58, compared with $0.30 a year earlier.
As of April 30, 2024, REX had $351.8 million of cash, cash equivalents and short-term investments and no bank debt; capital expenditures on its carbon capture and ethanol expansion projects totaled $78.1 million through the quarter.
REX American Resources reported results for the three months ended January 31, 2024, and fiscal 2023. Net sales and revenue fell to $187.6 million in the quarter, while diluted net income per share more than doubled to $1.16 from $0.47, helped by lower corn and natural gas prices and higher production. For shareholders, profit rose sharply even as revenue declined, and the company reported $378.7 million in cash and short-term investments with no bank debt.
Q4 net sales and revenue were $187.6 million, compared with $200.2 million a year earlier.
Q4 diluted net income per share attributable to REX common shareholders was $1.16, compared with $0.47; net income attributable to REX shareholders was $20.6 million, compared with $8.2 million.
Fiscal 2023 diluted net income per share was $3.47, compared with $1.57, the second highest in company history.
As of January 31, 2024, REX had $378.7 million in cash and short-term investments and no bank debt; One Earth Energy carbon capture compression facility is expected to be completed in Q2 2024.
REX American Resources reported results for the fiscal 2023 third quarter ended October 31, 2023. Net income attributable to REX common shareholders rose to $26.1 million from $3.2 million a year earlier, and earnings per share were $1.49 versus $0.18, which the company described as an all-time quarterly record. For shareholders, the gain came mainly from lower corn and natural gas costs, with net sales and revenue nearly flat at $221.1 million.
Net income attributable to REX common shareholders was $26.1 million, compared with $3.2 million in Q3 2022.
Basic and diluted net income per share was $1.49, compared with $0.18 a year earlier, described as an all-time quarterly record.
Net sales and revenue were $221.1 million, compared with $220.3 million, as ethanol gallons sold rose to 73.2 million from 66.3 million.
Cash and short-term investments were $332.0 million at October 31, 2023, up from $280.9 million at January 31, 2023.
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