Company: REX
Filing Date: 2025-12-04
Form Type: 10-Q
Source: 0000930413-25-003566
Chunk: 39

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-12-04
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 $0.44  
    $0.54  
    $0.44 

    Pounds of distillers corn oil sold (in millions) 
     27.4  
     23.4  
     71.9  
     64.6 

    Average selling price per ton of modified distillers grains 
    $57.03  
    $63.00  
    $65.16  
    $68.81 

    Tons of modified distillers grains sold 
     20,691  
     18,392  
     62,206  
     50,555 

Net sales and revenue in the quarter ended
October 31, 2025 increased an insignificant amount compared to the prior year third quarter. Net sales and revenue in the first
nine months ended October 31, 2025 increased approximately 2% compared to the first nine months of 2024.

Ethanol revenue decreased 2% in the third
quarter of fiscal year 2025 compared to the third quarter of fiscal year 2024 as the selling price per gallon decreased 5%, offset
partially by a 4% increase in the number of gallons sold during the quarter. Ethanol revenue increased 3% in the first nine months
of fiscal year 2025 compared to the first nine months of fiscal year 2024 due to a 2% increase in gallons sold during first nine
months of 2025 compared to the prior year comparable period with prices remaining consistent year-over-year. Ethanol pricing is
affected by many factors, including overall market supply and demand, as well as corn and gasoline pricing.

33

Dried distillers grains revenue decreased
11% in the third quarter of fiscal year 2025 compared to the third quarter of fiscal year 2024 as there was a 6% decrease in tons
sold, coupled with a 5% decrease in the average price per ton sold. Dried distillers grains revenue decreased 15% in the first
nine months of fiscal year 2025 compared to the first nine months of fiscal year 2024 as the average price per ton sold decreased
14%, coupled with a 1% 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.