ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT's Holding History (CIK: 0001329375)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 35,000 Value ($000) $10,966 Avg Close $316.84 Range $254.80 - $398.80

Q3 2025

Shares 31,000 Value ($000) $8,372 Avg Close $228.35 Range $195.93 - $278.13

Q2 2025

Shares 8,000 Value ($000) $1,764 Avg Close $179.22 Range $110.29 - $245.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	35,000	$10,966	$316.84	$254.80 - $398.80
Q3 2025	31,000	$8,372	$228.35	$195.93 - $278.13
Q2 2025	8,000	$1,764	$179.22	$110.29 - $245.38