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REX Advances Carbon Capture with EPA Draft Class VI Permits; Q2 Earnings Solid

Sep 2, 2026, 7:34 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong Q2 profitability, tax-credit benefits, substantial cash balance, and EPA permit progress reduce execution risk and support upside amid growth projects.

AI summary

What happened, with direct paths to the underlying reporting

REX posted Q2 2026 net income of $34.9M ($1.06 per diluted share) on $168.5M revenue, up from $7.1M and $158.6M. Gross profit rose to $53.3M, aided by higher crush margins and 45Z tax credits ($18.4M). The EPA issued draft permits for three Class VI wells as One Earth advances toward 2026 production.

Q2 '26 net income attributable to REX: $34.9M vs $7.1M.
Q2 '26 gross profit: $53.3M vs $14.3M.
Q2 '26 revenue: $168.5M vs $158.6M.
EPA draft permits for three Class VI wells received Aug 17, 2026.
One Earth expansion on track; capex to date $191.2M; 2026 operation.

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