Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 34

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 1
Chunk 34
---

operating data:

    Three Months Ended April 30, 

    2025  
    2024 

    Average selling price per gallon of ethanol (net of hedging) 
    $1.76  
    $1.60 

    Gallons of ethanol sold (in millions) 
     70.9  
     74.5 

    Average selling price per ton of dried distillers grains 
    $145.65  
    $187.64 

    Tons of dried distillers grains sold 
     153,010  
     163,533 

    Average selling price per pound of distillers corn oil 
    $0.46  
    $0.47 

    Pounds of distillers corn oil sold (in millions) 
     21.4  
     21.0 

    Average selling price per ton of modified distillers grains 
    $73.44  
    $82.52 

    Tons of modified distillers grains sold 
     22,094  
     14,510 

Net sales and revenue in the quarter ended
April 30, 2025 decreased 2% compared to the prior year first quarter.

Ethanol revenue increased 4% in the first
quarter of fiscal year 2025 compared to the first quarter of fiscal year 2024 as the selling price per gallon sold increased 10%
during the first quarter of fiscal year 2025 compared to the prior year comparable period, partially offset by a 5% decrease in
gallons of ethanol sold, impacted by lower production levels. The ethanol pricing increase was primarily driven by overall market
supply and demand.

Dried distillers grains revenue decreased
27% in the first quarter of fiscal year 2025 compared to the first quarter of fiscal year 2024 as the average price per ton sold
decreased 22%, coupled with a 6% decrease in tons sold. The decrease in the dried distillers grains selling price is consistent
with recent quarters and reflects an extended period of lower corn pricing as dried distillers grains prices often correlate with
corn pricing. The decrease in tons sold was partially offset by an increase in tons of modified distillers grains sold, but also
impacted by lower production levels. Our consolidated plants’ decisions to sell modified or dried distillers grains fluctuate