Overview

* REX fiscal Q2 revenue rises to $158.6 mln, driven by higher sales volumes

* Net income per share declines to $0.43 from $0.70 in Q2 '24

* Company announces 2-for-1 stock split, doubling outstanding shares

Outlook

* Company expects ethanol expansion project completion in 2026

* Company sees benefits from 45Z and 45Q tax creditsin the One Big Beautiful Bill Act

* REX confident in market forces supporting ethanol business

Result Drivers

* HIGHER SALES VOLUMES - Revenue increase driven by higher ethanol sales volumes, despite lower ethanol and dried distiller grain pricing, according to the company

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $158.56

Revenue mln

Q2 EPS $0.43

Q2 Net $9.33

Income mln

Analyst Coverage

* The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)