REX American Resources (REX) reported its highest ever second quarter net income per share of $1.06. The company also announced a significant milestone for its carbon capture and sequestration project, having received draft Class 6 well permits from the US EPA on August 17. The ethanol production expansion at its 1 Earth facility remains on schedule to come online by the end of 2026. REX recognized $18.4 million in 45Z production tax credits during the quarter, bringing the year-to-date total to $26 million. The company closed the quarter with no bank debt and substantial cash reserves, with combined investments in ethanol expansion and carbon capture projects totaling $191 million through Q2.