REX American Resources Q2 profit increased 36% to $12.38m, despite a 30.1% revenue decrease and stock drop.

REX American Resources reported a 36% increase in Q2 profit to $12.38m ($0.70 per share) vs. $9.06m ($0.52 per share) in Q2 2023, despite a 30.1% decrease in revenue to $148.16m from $211.98m in the previous year. The company's stock dropped following the release of its Q2 2024 financial results. Its One Earth Energy carbon capture and sequestration project continues to progress with construction of a carbon capture and compression facility.

August 27, 2024
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