REX
Owns majority and minority interests in ethanol plants and coproduct sales.
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Profile
Produces and sells ethanol, distillers grains, and distillers corn oil through a single ethanol-and-by-products segment. The business is concentrated in U.S. corn-ethanol plants, with majority ownership of One Earth and NuGen and minority interests in Big River Resources facilities.
Produces ethanol and coproducts through interests in One Earth Energy, NuGen Energy, and Big River Resources entities. One Earth and NuGen are majority-owned and consolidated, while the Big River positions are minority interests in additional Midwestern plants.
Revenue comes primarily from ethanol, with dried distillers grains, distillers corn oil, and modified distillers grains adding coproduct exposure. Operations are concentrated in the United States and tied to corn-based plant economics rather than the former consumer-electronics retail chain.
Management oversight runs through board participation and direct operating oversight at the consolidated ethanol companies. Results depend on ethanol supply and demand, corn, gasoline, and natural-gas costs, larger ethanol competitors, and execution around carbon-capture and clean-fuel tax-credit programs.
Company facts
Key statistics
Year to date +27.5% · Average volume (30d) 158.2K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 28, 2026Q1 FY26 | $0.14 | $0.56 | +290.2% | $167.2M | $156.5M | −6.4% | −3.11% |
| Mar 26, 2026Q4 FY25 | $0.15 | $1.32 | +810.3% | $162.0M | $158.0M | −2.5% | +8.28% |
| Dec 4, 2025Q3 FY25 | $0.27 | $0.71 | +167.9% | $169.0M | $175.6M | +3.9% | −3.96% |
| Aug 27, 2025Q2 FY25 | $0.19 | $0.22 | +15.8% | $165.0M | $158.6M | −3.9% | +5.39% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $158.2M | $158.3M | $158.6M | $175.6M | $158.0M | $164.0M | |
| Gross profit | $17.6M | $14.3M | $14.3M | $36.1M | $28.9M | $29.1M | |
| Operating income | $11.4M | $8.4M | $8.1M | $27.9M | $16.7M | $19.3M | |
| Net income | $11.1M | $8.7M | $7.1M | $23.4M | $43.7M | $18.5M | |
| Diluted EPS | $0.32 | $0.26 | $0.22 | $0.71 | $1.32 | $0.56 | |
| Gross margin | 11.1% | 9.1% | 9.0% | 20.6% | 18.3% | 17.7% | |
| Operating margin | 7.2% | 5.3% | 5.1% | 15.9% | 10.5% | 11.8% |
Fiscal years (4-quarter sums)FY21 $776.4M · FY22 $855.0M · FY23 $834.3M · FY24 $642.5M · FY25 $650.5M
Revenue by product · Q1 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $364.3M · Total debt $19.5M · Total assets $807.7M · Shareholders' equity $629.2M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 32.94M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.66M | 17.19% | 13F | Aug 7, 2026 |
| Stuart A. Rose · director, officer: Executive COB | 2.90M | 8.81% | Form 4 | Jun 22, 2026 |
| Dimensional Fund Advisors LP | 1.83M | 5.54% | 13F | Aug 11, 2026 |
| State Street Corp | 1.57M | 4.78% | 13F | Aug 7, 2026 |
| Renaissance Technologies LLC | 1.46M | 4.43% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 18, 2026 | Stuart A. Rose | director, officer: Executive COB | −15,186 | $43.64 |
| Jun 17, 2026 | Stuart A. Rose | director, officer: Executive COB | −69,335 | $43.77 |
| Jun 11, 2026 | Stuart A. Rose | director, officer: Executive COB | −766 | $44.14 |
| Jun 10, 2026 | Stuart A. Rose | director, officer: Executive COB | −1,129 | $44.52 |
| Jun 8, 2026 | Stuart A. Rose | director, officer: Executive COB | −13,584 | $45.23 |
Peers
- Green Plains
Closest ethanol and coproduct pure-play with 45Z exposure
- Valero Energy
Large-scale ethanol segment with Midwest plants and fuel-market reach
- The Andersons
Agriculture and renewables peer with four ethanol plants
- Alto
Renewable-fuels and ingredients producer with ethanol-market overlap
- Archer Daniels Midland
Global corn processor with ethanol-margin and feedstock overlap
- Gevo
Low-carbon ethanol and SAF platform with CCS-linked overlap
- Aemetis
California low-carbon ethanol peer with RNG adjacency
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| REX | $41.35 | +0.07% | $1.36B | 14.7 | — | 2.1 | −1.2% |
| Green Plains | $14.66 | +0.07% | $1.03B | 9.5 | 8.7 | 0.6 | −19.3% |
| Valero Energy | $352.97 | +0.19% | $101.45B | 14.6 | 8.3 | 0.8 | +48.8% |
| The Andersons | $64.33 | −0.33% | $2.20B | 12.5 | 10.7 | 0.2 | −1.2% |
| Alto | $4.02 | −1.47% | $315.4M | 6.1 | 15.2 | 0.3 | +12.5% |
| Archer Daniels Midland | $81.68 | +0.17% | $39.30B | 22.3 | 14.1 | 0.5 | +7.1% |
| Gevo | $1.68 | −0.30% | $406.5M | — | 47.8 | 2.3 | — |
| Aemetis | $1.84 | −1.34% | $130.9M | — | — | 0.6 | +20.0% |
| Median | 12.5 | 12.4 | 0.6 | +9.8% |