REX American Resources: National Retailer of Ethanol and Natural Gas

REX American Resources is one of the largest companies in the United States that are engaged in the production and marketing of various natural gas, distillers grain and ethanol. As a multi-million venture, it has several interests in energy entities across the country.

This Dayton, Ohio-based company was once engaged in retailing and started out its venture as Rex Stores Corporation. As the business evolved, it eventually dropped its retailing interests to focus on energy. It was created in 1980 and made its business move in 2009 to start thriving in the energy sectors. A year later, the business adopted its current name to reflect its business interests. There are still remaining real estate assets that the company is still in the process of monetizing until now. It has completely transitioned into the alternative energy industry on June 10, 2010.

REX American Resources remain to be a publicly traded business on the New York Stock Exchange. Its common stocks are marketed under the ticker symbol REX. Having interests in 7 energy entities in the United States, the business is able to ship more than 262.2 million gallons of ethanol on a yearly basis. The company has gained substantial interests of these companies and continues to strengthen its hold by purchasing more stocks. The largest of its interest is in NuGen Energy, LLC where REX has about 99% interest. This company is also the largest ethanol producing venture with more than 113.8 million barrels of ethanol being shipped annually.

As of July 2014, the company still has cash and cash equivalents of more than $152.2 million. It continues to serve as the parent business of three subsidiaries: Kelly & Cohen Appliances, Inc., Stereo Town, Inc. and Rex Radio and Television, Inc. Its increasing enterprise value is estimated to be at $412.31 million, with a market capitalization of roughly $418 million.