Mexco Energy Corporation Reports Financial Results for Third Quarter
Mexco Energy Corporation reported a significant decrease in net income for the third quarter of fiscal 2026, dropping to $50,245 from $469,133 in the prior year, primarily due to declining oil prices. Despite this, year-to-date operating revenues saw a smaller decrease, supported by increased natural gas prices and production, and new investments. The company plans to continue investing in horizontal wells and royalty/mineral interest acquisitions.
FEB 11·TradingView▼
MEXCO ENERGY CORP SEC 10-Q Report
MEXCO ENERGY CORP has released its Form 10-Q report for Q4 2025, detailing a significant decrease in total operating revenues and net income due to lower oil production volumes and prices. Despite these challenges, the company plans to drill fifty horizontal wells and one vertical well in fiscal 2026, primarily in the Delaware Basin, as part of its long-term strategy to acquire and develop oil and gas properties with high production potential.
DEC 12·Stock Titan▲
MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2023
Mexco Energy Corporation (NYSE American: MXC) reported significant financial growth for fiscal year 2023, with net income increasing by 63% to $4.66 million and operating revenues rising by 45% to $9.56 million. This growth was driven by increased production and higher oil equivalent prices, alongside strategic investments in drilling and acquisitions. The company also reported strong financial health with a 49% profit margin, 32% return on equity, and $3.27 million cash on hand with no outstanding debt.
