REX (REX)
Owns majority and minority interests in ethanol plants and coproduct sales.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $379.5M · Total debt $17.8M · Total assets $856.5M · Shareholders' equity $673.6M
- Revenue
- $186.9M
- Operating income
- $37.7M
- Net income
- $34.9M
No dividends on record.
| Institutions | ≈ 80.66% | 26.76M shares | |
|---|---|---|---|
| 234 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 13.44% | 4.46M shares | |
| 10 holders · as of Jun 22, 2026 | |||
| Other | ≈ 5.90% | 1.96M shares | |
| remainder | |||
33.18M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.07% | 5.66M | as of Jun 30, 2026 |
Stuart A. RoseInsiderdirector, officer: Executive COB | 8.75% | 2.90M | filed Jun 22, 2026 |
Dimensional Fund Advisors LPInstitution | 5.50% | 1.83M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.74% | 1.57M | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 4.40% | 1.46M | as of Jun 30, 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 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| REX | $43.52 | −1.65% | $1.46B | 12.1 | — | 2.1 | +6.3% |
| Green Plains | $15.09 | +0.13% | $1.06B | 9.8 | 8.9 | 0.6 | −19.3% |
| Valero Energy | $380.29 | +0.84% | $108.59B | 15.6 | 7.7 | 0.8 | +48.8% |
| The Andersons | $67.13 | +0.28% | $2.28B | 12.9 | 11.2 | 0.2 | −1.2% |
| Alto | $3.75 | −1.72% | $296.0M | 5.7 | 14.0 | 0.3 | +12.5% |
| Archer Daniels Midland | $82.78 | +0.53% | $39.68B | 22.6 | 14.0 | 0.5 | +7.2% |
| Gevo | $1.48 | −5.13% | $379.7M | — | 29.1 | 2.1 | +7.1% |
| Aemetis | $1.99 | −6.15% | $148.8M | — | — | 0.6 | +20.0% |
| Median | 12.9 | 12.6 | 0.6 | +7.2% |