REX American Resources REX Q2 2026 earnings

“During the second quarter of 2026 REX achieved several important milestones that further support and advance our long-term growth strategy. We continued to benefit from the Section 45Z tax credit program in the second quarter, which contributed $18.4 million directly to gross profit. Excluding the impact from 45Z tax credits, our quarterly gross profit from our core operations increased 144% over the same period in the prior year. In addition, we received notice from the U.S. EPA that our One Earth carbon capture and sequestration project had been issued draft permits on August 17th for three Class VI injection wells. We are pleased to have reached this important regulatory milestone and look forward to advancing the project in coordination with the EPA and Illinois regulators. The second quarter marked REX's 24th consecutive profitable quarter and represented a record second quarter on an earnings-per-share basis for the company. REX's long-term prospects remain strong, supported by the continued dedication, hard work, and execution of our team across all of our operations.”