REX American Resources Corporation

Good morning and welcome to the RECS American Resources second quarter fiscal 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 the formal presentation. I would now like to turn the call over to Mr. Doug Bruggeman, Chief Financial Officer of RECS American. Please go ahead, sir.

Good morning, and thank you for joining RECS American Resources Q2 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 within the meaning of the Private Security 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.

Good morning, and thank you all for being here. The second quarter of fiscal 2026 was another strong period for Rex American Resources. We posted the highest second quarter net income per share in our company's history at $1.06 per share. Results like these reflect the discipline of our operating teams, the strength of our commercial execution, and the benefits of the policy and market tailwinds that have been building for some time. Two developments, one during and one subsequent to the quarter stand out, is real markers of progress against our long-term growth agenda. First, our ethanol production expansion at the One Earth facility remains on schedule, and we continue to expect the added capacity to come online before the end of 2026. Second, and Zafar will cover this in much more detail, we reported more 45Z credits, and we reached an important Regulatory Milestone on our carbon capture and sequestration project in August, with the project receiving draft class six well permits from the US EPA. Our balance sheet remains a genuine source of strength. We closed the quarter with no bank debt and substantial cash in short-term investments, which gives us the flexibility to fund our growth initiatives internally while we continue to evaluate the best uses of our capital going forward. I want to thank our employees across every facility for the consistency and care they bring to this business each day, shows up directly in these results. I will now turn things over to our Chief Executive Officer, Zafar Rizvi, to walk through our operational progress in more detail.