Recent Earnings

REX American Resources Corporation

REX

2025 Q2

Energy & Utilities

1mo

Impact of Recent Legislation on REX's Carbon Capture Economics

The passage of the Big Beautiful Bill Act significantly strengthened the economics of REX's carbon capture and sequestration project by preserving the 45Q and 45Z tax credits.
The extension of the 45Z tax credit through 2029 positions REX to maximize benefits from the program as they expand ethanol capacity to 175 and 200 million gallons.
Legislation also simplified 45Z requirements by removing mandates tied to climate-smart farming practices, potentially broadening eligibility.
The EPA estimates the Class VI injection well permit will be finalized in March 2026, moving up from April, which is crucial for project timelines.
REX has invested approximately $126.7 million in its carbon capture and ethanol expansion projects, within a revised budget of $220-$230 million.
The company actively communicates with the EPA and is optimistic about final permit approvals, which are key to project progress.

FuelCell Energy, Inc.

FCEL

2025 Q3

Energy & Utilities

US Policy and Regulatory Tailwinds Supporting Growth

The reinstatement of the ITC provides full eligibility for fuel cell projects, supporting domestic deployment and project economics.
The 45Q carbon capture incentive reinforces the role of carbon capture in US energy transition strategies.
FuelCell Energy sees natural gas as a backbone fuel, with its carbonate platform capable of delivering clean power from both natural gas and hydrogen.
The company believes supportive policies globally and domestically position it well to capitalize on emerging opportunities.

REX American Resources Corporation

REX

2025 Q2

Energy & Utilities

1mo

Increase in Ethanol Sales Volume

70.6 million gallons in Q2 2025

Ethanol sales volumes increased from 65.1 million gallons in Q2 2024 to 70.6 million gallons in Q2 2025.

FuelCell Energy, Inc.

FCEL

2025 Q3

Energy & Utilities

97% Revenue Growth Year-Over-Year

97%

$46.7 million in Q3 2025 vs. $23.7 million in Q3 2024

Total revenues nearly doubled driven by module deliveries to GGE and Ameresco contracts, reflecting strong commercial traction.

FuelCell Energy, Inc.

FCEL

2025 Q3

Energy & Utilities

Financial Performance Summary

Adjusted EBITDA loss narrowed to $16.4 million from $20.1 million year-over-year.
Adjusted net loss per share improved to $0.95 from $1.74, excluding noncash impairments and restructuring costs.
Backlog grew 4% to $1.24 billion, including $24 million product backlog and $7.7 million service backlog from CGN agreement.
Loss from operations widened to $95.4 million in Q3 2025 from $33.6 million in Q3 2024, driven by $64.5 million noncash impairment and $4.1 million restructuring expenses.
Net loss attributable to common stockholders was $92.5 million, or $3.78 per share, compared to $33.5 million, or $1.99 per share, in the prior year quarter.
Product revenues surged to $26 million from $0.3 million, driven by module deliveries to GGE and Ameresco contracts.
Service agreement revenues increased to $3.1 million from $1.4 million, mainly from GGE long-term service agreement.
Total revenues increased 97% year-over-year to $46.7 million in Q3 2025 from $23.7 million in Q3 2024.

REX American Resources Corporation

REX

2025 Q2

Energy & Utilities

1mo

Financial Performance Summary

Average ethanol selling price slightly decreased to $1.75 per gallon from $1.79 in the prior year.
Corn oil sales volumes increased by 14% with a 26% price increase, resulting in a 46% increase in sales dollars.
Dry distiller grain sales volumes rose to approximately 148,000 tons, but average selling price dropped to $143.63 per ton from $164.45.
Ethanol sales volumes increased to 70.6 million gallons in Q2 2025 from 65.1 million gallons in Q2 2024.
Gross profit declined to $14.3 million from $19.8 million in Q2 2024, mainly due to lower DDG prices and higher shipping costs.
Net income attributable to REX shareholders was $7.1 million or $0.43 per diluted share, down from $12.4 million or $0.70 per diluted share.
Selling, general, and administrative expenses slightly decreased to $6.2 million from $6.4 million.
Strong balance sheet maintained with cash, cash equivalents, and short-term investments totaling $310.5 million and no bank debt.

You're all caught up—nice work!

Hold on, more insights are coming

REX American Resources Corporation

REX

2025 Q2

Energy & Utilities

1mo

Impact of Recent Legislation on REX's Carbon Capture Economics

The passage of the Big Beautiful Bill Act significantly strengthened the economics of REX's carbon capture and sequestration project by preserving the 45Q and 45Z tax credits.
The extension of the 45Z tax credit through 2029 positions REX to maximize benefits from the program as they expand ethanol capacity to 175 and 200 million gallons.
Legislation also simplified 45Z requirements by removing mandates tied to climate-smart farming practices, potentially broadening eligibility.
The EPA estimates the Class VI injection well permit will be finalized in March 2026, moving up from April, which is crucial for project timelines.
REX has invested approximately $126.7 million in its carbon capture and ethanol expansion projects, within a revised budget of $220-$230 million.
The company actively communicates with the EPA and is optimistic about final permit approvals, which are key to project progress.

FuelCell Energy, Inc.

FCEL

2025 Q3

Energy & Utilities

US Policy and Regulatory Tailwinds Supporting Growth

The reinstatement of the ITC provides full eligibility for fuel cell projects, supporting domestic deployment and project economics.
The 45Q carbon capture incentive reinforces the role of carbon capture in US energy transition strategies.
FuelCell Energy sees natural gas as a backbone fuel, with its carbonate platform capable of delivering clean power from both natural gas and hydrogen.
The company believes supportive policies globally and domestically position it well to capitalize on emerging opportunities.

REX American Resources Corporation

REX

2025 Q2

Energy & Utilities

1mo

Increase in Ethanol Sales Volume

70.6 million gallons in Q2 2025

Ethanol sales volumes increased from 65.1 million gallons in Q2 2024 to 70.6 million gallons in Q2 2025.

FuelCell Energy, Inc.

FCEL

2025 Q3

Energy & Utilities

97% Revenue Growth Year-Over-Year

97%

$46.7 million in Q3 2025 vs. $23.7 million in Q3 2024

Total revenues nearly doubled driven by module deliveries to GGE and Ameresco contracts, reflecting strong commercial traction.

FuelCell Energy, Inc.

FCEL

2025 Q3

Energy & Utilities

Financial Performance Summary

Adjusted EBITDA loss narrowed to $16.4 million from $20.1 million year-over-year.
Adjusted net loss per share improved to $0.95 from $1.74, excluding noncash impairments and restructuring costs.
Backlog grew 4% to $1.24 billion, including $24 million product backlog and $7.7 million service backlog from CGN agreement.
Loss from operations widened to $95.4 million in Q3 2025 from $33.6 million in Q3 2024, driven by $64.5 million noncash impairment and $4.1 million restructuring expenses.
Net loss attributable to common stockholders was $92.5 million, or $3.78 per share, compared to $33.5 million, or $1.99 per share, in the prior year quarter.
Product revenues surged to $26 million from $0.3 million, driven by module deliveries to GGE and Ameresco contracts.
Service agreement revenues increased to $3.1 million from $1.4 million, mainly from GGE long-term service agreement.
Total revenues increased 97% year-over-year to $46.7 million in Q3 2025 from $23.7 million in Q3 2024.

REX American Resources Corporation

REX

2025 Q2

Energy & Utilities

1mo

Financial Performance Summary

Average ethanol selling price slightly decreased to $1.75 per gallon from $1.79 in the prior year.
Corn oil sales volumes increased by 14% with a 26% price increase, resulting in a 46% increase in sales dollars.
Dry distiller grain sales volumes rose to approximately 148,000 tons, but average selling price dropped to $143.63 per ton from $164.45.
Ethanol sales volumes increased to 70.6 million gallons in Q2 2025 from 65.1 million gallons in Q2 2024.
Gross profit declined to $14.3 million from $19.8 million in Q2 2024, mainly due to lower DDG prices and higher shipping costs.
Net income attributable to REX shareholders was $7.1 million or $0.43 per diluted share, down from $12.4 million or $0.70 per diluted share.
Selling, general, and administrative expenses slightly decreased to $6.2 million from $6.4 million.
Strong balance sheet maintained with cash, cash equivalents, and short-term investments totaling $310.5 million and no bank debt.

You're all caught up—nice work!

Hold on, more insights are coming

Earnings Feed

Impact of Recent Legislation on REX's Carbon Capture Economics

US Policy and Regulatory Tailwinds Supporting Growth

Increase in Ethanol Sales Volume

97% Revenue Growth Year-Over-Year

Financial Performance Summary

Financial Performance Summary

Impact of Recent Legislation on REX's Carbon Capture Economics

US Policy and Regulatory Tailwinds Supporting Growth

Increase in Ethanol Sales Volume

97% Revenue Growth Year-Over-Year

Financial Performance Summary

Financial Performance Summary