REX American Resources Q2 profit soars 336% to $40.6M on new 45Z tax credits

Filed September 3, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 2, 2025 · ~1 min read

Key Changes

• high

  Net income jumped 391.4% to $34.9M, driven by $18.4M in new Section 45Z clean fuel production tax credits recognized for the first time.

  MD&A: 45Z tax credit income verify on EDGAR →
• high

  The company reached an agreement in principle to resolve a long-running IRS audit, cutting unrecognized tax benefits from $19.0M to $0.4M.

  Notes: Federal tax examination verify on EDGAR →
• high

  Operating cash flow nearly tripled to $38.0M for the first six months, reflecting the tax credit benefit and improved Big River equity income.

  MD&A: Cash flow from operations verify on EDGAR →