secwatch.observer — SEC 8-K summary
======================================

Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0000930413-24-002468
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX American Q2 net income up 37% to $12.4M; EPS $0.70 vs $0.52
---------------------------------------------------------------

- Net income attributable to REX shareholders $12.4M vs $9.1M (up 37%); diluted EPS $0.70 vs $0.52.
- Revenue $148.2M vs $212.0M (down 30%) on lower pricing; gross profit up 7% to $19.8M.
- Ethanol sales volumes 65.1M gallons (down 6% YoY); cash & ST investments $346M, no debt.
- Carbon capture: EPA Class VI well permit draft by end-2024, final Q2 2025; IL pipeline moratorium; construction extended.
- Ethanol capacity expansion to 175M gal/yr by Q1 2025; total capex $165-$175M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041324002468/0000930413-24-002468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041324002468/c109915_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-24-002468

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer