财务数据和关键指标变化 - 本季度销售额大幅增长97%，主要因产量提高，去年一季度NuGen工厂因疫情等因素闲置 [7] - 乙醇和副产品业务本季度毛利润1950万美元，去年同期毛亏损820万美元，毛利润率受销量和售价增加影响，但被玉米价格上涨部分抵消 [8] - 精炼煤业务2021财年一季度毛亏损170万美元，去年同期为110万美元，亏损被税收优惠抵消，2021年和2020年一季度分别获得220万美元和95.9万美元税收优惠 [10] - 销售、一般及行政费用（SG&A）从去年的460万美元增至本季度的1000万美元，主要因乙醇合同运输成本增加 [11] - 本季度非合并股权投资收益57万美元，去年同期亏损47.7万美元，反映乙醇行业状况改善 [11] - 利息和其他收入从去年的66.9万美元降至约4.3万美元，主要因利率降低 [12] - 本季度税收准备金2.9万美元，去年同期税收优惠530万美元，税率波动主要因精炼煤产量、税收抵免与收入水平变化 [12] - 本季度归属于REX股东的净利润780万美元，去年同期净亏损760万美元 [13] 各条业务线数据和关键指标变化 乙醇业务 - 本季度乙醇销量7000万加仑，去年同期4830万加仑，平均售价显著提高 [7] - 一季度乙醇和副产品业务毛利润1950万美元，去年同期毛亏损820万美元 [8] - 2021年第一季度乙醇和干酒糟及其可溶物（DDG）出口量下降，DDG出口约260万吨，2020年为273万吨；乙醇出口3.993亿加仑，2020年为4.854亿加仑 [25] 精炼煤业务 - 2021财年一季度毛亏损170万美元，去年同期为110万美元，亏损因产量增加 [10] - 本季度至今精炼煤产量远超去年同期，主要因经济重启、公用事业需求增加和天然气价格上涨 [15] 各个市场数据和关键指标变化 - 据EIA报告，上周乙醇产量比去年同期增长55.7%，但2021年总产量仍比2019年疫情前同期低3.64% [19] - EIA报告显示乙醇库存变化不大，处于2016年以来最低水平，今日报告显示产量和库存均下降，同时汽油需求增加 [20] - 5月12日USDA报告显示，2021年玉米期末库存为12.75亿蒲式耳，令人失望；预计2022年玉米库存将增至15.07亿蒲式耳，产量预计增长6%至约150亿蒲式耳，预计单产为每英亩179.5蒲式耳，出口预计为24.5亿蒲式耳 [24] 公司战略和发展方向和行业竞争 - 公司在寻找乙醇业务机会，要求项目有好的规划、位置和价格，但目前暂无合适项目 [16] - 公司关注替代能源领域机会，目前暂无进展 [17] - 公司获授权在股价下跌时回购股票 [17] - 公司正推进碳捕获项目，与伊利诺伊大学合作钻探碳封存测试井，目标是实现净零排放 [26][29] - 本季度公司表现优于国内多数乙醇公司，好的工厂运营良好，差的工厂难以实现高利润 [32][33] 管理层对经营环境和未来前景的评论 - 2021年经营环境开始改善，产量持续增加，第一季度盈利，第二季度至今仍保持盈利 [14][19][30] - 近期压榨利润率因玉米现金价格、中国玉米采购增加、DDG价格下跌等因素面临压力，但预计随着汽油消费增加和新冠疫苗接种率提高，情况将改善 [21][22] - 公司希望EPA拒绝所有小型炼油厂豁免请求 [23] - 公司认为碳捕获项目虽处于初步阶段，但有潜力成为大业务，且能获得税收抵免，对公司和全球都很重要 [52][53] 其他重要信息 - 公司发现代理材料中关于经纪人未投票和股东弃权对修订公司章程以允许发行优先股提案影响的内容被错误删除，今晨已向SEC提交补充材料，并将通知所有股东 [5][6] 问答环节所有提问和回答 问题1: 请介绍碳捕获项目的初始论点、吸引力及驱动因素 - 公司位于Mount Simon，此前2D地震测试发现该地不仅能生产CO2，还能进行碳封存，并将其他地方的CO2引入管道，目标是覆盖伊利诺伊州多数乙醇设施 [40] - 公司有土地、已完成勘测，正在建设设施，有资金确保实现目标，且该地区ADM已成功开展相关项目 [41][42] - 碳捕获是严肃复杂业务，找到能让CO2留在地下的合法地点很难，公司已确定靠近工厂的区域并努力推进项目，认为自己在该领域领先 [44][45][46] 问题2: 如何看待股息与股票回购 - 股息由董事会决定，个人认为公司规模小，只能选择股息或股票回购，股票回购可在股价下跌时提供支撑、减少股数并增加每股收益，公司多年来采用此方式回馈股东，预计董事会将继续该计划 [48][49] 问题3: 如何看待替代能源潜在机会 - 公司主要关注乙醇业务，但因位置、工厂或价格问题暂无合适项目 [51] - 对于其他能源，公司认为与乙醇业务相关的机会最佳，其中碳捕获是最好的机会，该业务虽成本高，但能获得税收抵免，公司有经验将其货币化，且有望成为大业务，目前公司正专注于此 [52][53]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JANUARY 31, 2021 COMMISSION FILE NO. 001-09097 REX AMERICAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 31-1095548 (I.R.S. Employer Identification No.) 7720 Paragon Road, Dayton, Ohio (Address of principal executiv ...

REX American Resources Corporation (NYSE:REX) Q4 2020 Earnings Conference Call March 25, 2021 11:00 AM ET Company Participants Doug Bruggeman - Chief Financial Officer Stuart Rose - Executive Chairman Zafar Rizvi - Chief Executive Officer Conference Call Participants Jordan Levy - Truist Securities Chris Sakai - Singular Research Operator Greetings, and welcome to the REX American Resources’ Fiscal 2020 Fourth Quarter Conference Call. During the presentation, all participants will be in a listen-only mode. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) Delaware 31-1095548 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 7720 Paragon Road, Dayton, Ohio 45459 (Address of principal executive offices) (Zip Code) (937) 276-3931 (Registrant's telephone number, including area code) | Securities registered pursuant to Section 12(b) of the Act: | | | | --- | --- | --- | | Title of each class | Trading Symbol(s) | Name o ...

REX American Resources Corporation (NYSE:REX) Q3 2020 Earnings Conference Call December 3, 2020 11:00 AM ET Company Participants Douglas Bruggeman - Chief Financial Officer Stuart Rose - Executive Chairman Zafar Rizvi - President and Chief Executive Officer Conference Call Participants Jordan Levy - Truist Securities Christopher Sakai - Singular Research Operator Good day. And welcome to the REX American Resources Fiscal 2020 Third Quarter Conference Call. During the presentation, all participants will be i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-09097 REX AMERICAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) | Delaware | ...

REX American Resources Corporation (NYSE:REX) Q2 2020 Results Earnings Conference Call August 26, 2020 11:00 AM ET Company Participants Doug Bruggeman - CFO Stuart Rose - Executive Chairman Zafar Rizvi - CEO Conference Call Participants Jordan Levy - Truist Securities Chris Sakai - Singular Research Operator Welcome to the REX American Resources Fiscal 2020 Second Quarter Conference Call. During the presentation all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2020 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-09097 REX AMERICAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware 31- ...

REX American Resources Corporation (NYSE:REX) Q1 2020 Earnings Conference Call May 28, 2020 11:00 AM ET Company Participants Doug Bruggeman - CFO Stuart Rose - Executive Chairman Zafar Rizvi - CEO Conference Call Participants Operator Greetings and welcome to the REX American Resources Fiscal 2020 First Quarter Conference Call. [Operator Instructions] I would now like to turn the conference over to Doug Bruggeman, Chief Financial Officer. Please go ahead. Doug Bruggeman Good morning, and thank you for joini ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JANUARY 31, 2020 COMMISSION FILE NO. 001-09097 REX AMERICAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 31-1095548 (I.R.S. Employer Identification No.) 7720 Paragon Road, Dayton, Ohio (Address of principal executiv ...