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Rex American (REX) AI Stock Analysis
Rex American
(NYSE:REX)
The overall score reflects a combination of high‑quality financials and very positive recent earnings momentum, supported by a conservative balance sheet, strong cash generation, and favorable ethanol and co‑product economics, all available at a reasonable earnings multiple. The upbeat earnings call and strategic growth projects in ethanol capacity and carbon capture further strengthen the outlook, while corporate incentive and RSU changes are broadly supportive of retention and alignment. Offsetting these strengths are the inherently cyclical nature of ethanol and co‑product pricing and volumes, past volatility in revenue and cash flows, regulatory and permitting uncertainty around Illinois pipeline and carbon capture approvals, and a soft near‑term technical picture with the stock trading below key moving averages and showing mildly negative momentum, which keeps the score below the highest tier.
Rex American Key Performance Indicators (KPIs)
Average Selling Price Per Gallon of EthanolIndicates the revenue generated per gallon of ethanol sold, highlighting pricing power and market demand for ethanol products.
Ethanol pricing has undergone a meaningful normalization from its 2021–22 highs, with the sharpest reset occurring in early 2024. Since then, prices have stabilized within a narrower range, suggesting the market may have found a floor, though the latest dip highlights continued commodity sensitivity. For Rex American, steadier pricing improves earnings visibility, but the business remains exposed to feedstock costs, fuel demand, and policy-driven volatility.
The FlyRex American (REX) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.28B
- Dividend Yield
- ―
- Average Volume (3M)
- 218.15K
- Price to Earnings (P/E)
- 10.6
- Beta (1Y)
- 0.42
- Revenue Growth
- 5.65%
- EPS Growth
- 145.98%
- Country
- US
- Employees
- 132
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Chemicals
Rex American Business Overview & Revenue Model
Company Description
REX American Resources Corporation, along with its various subsidiaries, manufactures and distributes ethanol across the United States. The company's product portfolio extends to include corn, distillers grains, industrial-grade corn oil, gasoline, a...
How the Company Makes Money
REX makes money primarily through its equity interests in ethanol production plants, earning its share of the operating results generated by those facilities. The core revenue driver is the sale of ethanol produced by these plants, which is typically...
Rex American Earnings Call Summary
The call was strongly positive, supported by record second-quarter earnings per share, substantial year-over-year growth in gross profit and net income, a 24th consecutive profitable quarter, strong cash and no bank debt, and continued progress on the ethanol expansion and carbon capture projects. The main challenges were higher SG&A expenses, uncertainty around the Illinois pipeline approval timeline, remaining carbon capture permits, and the possibility of some RIN impact. These lowlights were limited relative to the breadth of the reported operational and financial achievements.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
REX expects the added ethanol capacity at 1 Earth to come online before the end of 26 and remains on track to complete construction by the end of 2026; production is approximately 150 million gallons, with the next step 175 million and, after applying for a permit for 200 million, the company expects hopefully, early next year or middle of that to be close to 200 million gallons producing. At this early stage of the third quarter, REX expects to remain profitable and anticipates that third quarter result will be better than the same period last year. Ethanol export was almost 13% increase this year for 6 months, and the company expects that it will continue to increase; California is expected to have almost 695 million gallons consumption of E15.
Rex American Financial Statement Overview
Summary
Financial performance is strong overall: revenue around $685 million is growing again, margins have improved sharply to robust levels, leverage is extremely low with only about $18 million of debt against over $670 million of equity, and operating cash flow of roughly $143 million comfortably exceeds net income with positive, recovering free cash flow. However, revenue and cash flows have been volatile over recent years, returns on equity were weaker in the past, and key KPIs show normalized but still cyclical ethanol and co‑product pricing with range‑bound volumes, so earnings quality is high but exposed to commodity and policy cycles.
Income Statement
84Very PositiveBalance Sheet
92Very PositiveCash Flow
78Positive| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 684.53M | 650.49M | 642.49M | 833.38M | 855.00M | 774.80M |
| Gross Profit | 147.42M | 93.71M | 91.48M | 98.22M | 48.60M | 97.56M |
| EBITDA | 153.87M | 105.34M | 114.59M | 121.52M | 70.78M | 99.43M |
| Net Income | 120.56M | 82.95M | 58.17M | 60.94M | 27.70M | 52.36M |
Balance Sheet | ||||||
| Total Assets | 856.48M | 797.73M | 720.01M | 664.80M | 579.58M | 550.36M |
| Cash, Cash Equivalents and Short-Term Investments | 379.51M | 375.78M | 359.07M | 378.66M | 282.68M | 255.72M |
| Total Debt | 17.82M | 21.27M | 21.11M | 12.85M | 13.56M | 10.99M |
| Total Liabilities | 84.86M | 95.73M | 76.41M | 77.20M | 68.58M | 62.80M |
| Stockholders Equity | 673.62M | 610.71M | 560.34M | 513.92M | 447.98M | 430.79M |
Cash Flow | ||||||
| Free Cash Flow | 68.55M | 49.39M | -7.13M | 90.31M | 39.22M | 86.58M |
| Operating Cash Flow | 143.04M | 117.83M | 64.19M | 127.97M | 54.80M | 91.71M |
| Investing Cash Flow | -286.72M | -87.69M | -72.86M | 28.40M | -198.51M | 5.29M |
| Financing Cash Flow | -5.96M | -37.66M | -18.47M | -4.32M | -17.01M | -11.10M |
Rex American Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For REX, the sentiment is Negative. The current price of 39.19 is below the 20-day moving average (MA) of 40.98, below the 50-day MA of 41.92, and below the 200-day MA of 42.53, indicating a bearish trend. The MACD of -1.09 indicates Positive momentum. The RSI at 34.33 is Neutral, neither overbought nor oversold. The STOCH value of 22.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for REX.
Rex American Risk Analysis
Rex American disclosed 37 risk factors in its most recent earnings report. Rex American reported the most risks in the "Legal & Regulatory" category.
Latest Risks Added
0 New RisksRex American Peers Comparison
Overall Rating
- REX80Outperform
SSL73Outperform
LXU68Neutral
GPRE63Neutral
HUN48.7Neutral
BAK41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| REX | 80Outperform | $1.30B | 10.61 | 19.44% | ― | 5.65% | 145.98% |
| SSL | 73Outperform | $11.15B | 14.52 | 7.73% | ― | 17.90% | 95.98% |
| LXU | 68Neutral | $829.47M | 17.54 | 8.51% | ― | 13.02% | ― |
| GPRE | 63Neutral | $988.34M | 7.70 | 15.54% | ― | -21.51% | ― |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HUN | 49Neutral | $1.69B | -10.42 | -6.28% | 3.52% | 0.65% | 45.36% |
| BAK | 41Neutral | $465.38M | -0.48 | 46.16% | ― | -1.40% | 2.39% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| REX | Rex American Resources | 38.72 | 6.97 | 21.95% | |
| BAK | Braskem Sa | 1.17 | -1.24 | -51.45% | |
| GPRE | Green Plains Inc. | 13.79 | 3.77 | 37.62% | |
| HUN | Huntsman | 9.95 | 2.29 | 29.98% | |
| LXU | Lsb Industries, Inc. | 11.05 | 2.89 | 35.42% | |
| SSL | Sasol Ltd | 15.81 | 9.61 | 155.00% |
Rex American Corporate Events
Rex American Approves New Executive Employment Agreements
PositiveIn December 2025, REX American Resources engaged compensation consultant Pearl Meyer to review pay for its named executive officers and directors, culminating in Board approval on May 28, 2026, of new employment agreements effective February 1, 2026,...
Rex American Adopts New Restricted Stock Unit Plan
PositiveOn June 10, 2026, REX American Resources Corporation’s Compensation Committee approved a new form of Restricted Stock Unit Award Agreement to be used under its 2026 Incentive Plan for granting restricted stock units to eligible participants. Th...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 06, 2026