REX American Resources Corporation

Good morning and welcome to the REX American Resources first quarter 2026 conference call. As a reminder, today's call is being recorded and at this time all participants are in a listen-only mode. A brief question and answer session will follow a formal presentation. I would now like to turn the call over to Mr. Doug Brugman, Chief Financial Officer of REX American. Please go ahead.

Good morning and thank you for joining REX American Resources first quarter 2026 conference call. With me on our call today are Stuart Rose, RECS Executive Chairman, and Zafar Rizvi, RECS Chief Executive Officer. We'll get to our presentation and comments momentarily, as well as your questions, but first I will review the safe harbor disclosure. In addition to historical facts or statements of current conditions, today's conference call contains forward-looking statements that involve risk and uncertainties been the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the company's current expectations and beliefs, but are not guarantees of future performance. As such, actual results may vary materially from expectations. The risk and uncertainties associated with the forward-looking statements are described in today's news announcement and in the company's filings with the Securities and Exchange Commission. including the company's reports on Form 10-K and 10-Q. REX American Resources assumes no obligation to publicly update or revise any forward-looking statements. I'd now like to turn the call over to our Executive Chairman, Stuart Rose.

Stuart Rose Good morning and thank you to everyone for joining us today. First quarter of 2026 continued to showcase REX's operational excellence and strategic discipline. Our team has once again demonstrated the ability to deliver outstanding results while advancing our key growth initiatives. As proof of this, the first quarter of 2026 was the most profitable first quarter on a net income per share basis in our company's history. This consistent approach provides us with the flexibility to pursue value-creating opportunities while maintaining a thoughtful approach to capital allocation. Both of our major growth projects, the carbon capture and sequestration initiative and the ethanol production capacity expansion in a one-nerd energy facility continue to advance. We remain focused on executing what is within our control while adapting to external factors as they evolve. Shareholder value creation remains a top priority Rex is particularly keen to take advantage of market tailwinds driven by both domestic policy and international export markets and to maximize our profit potential. We believe that our team is incredibly well positioned and prepared to do this. I now turn the call over to our CEO, Zafar Rizvi, to provide updates on our ongoing projects.