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Mexco Energy Corporation Reports First Six Months Fiscal 2026 Financial Results
MXC
Earnings
New Projects/Investments
- Mexco Energy Corporation reported net income of $565,457, or $0.27 per diluted share, for the six months ending September 30, 2025.
- Operating revenues for the first six months of fiscal 2026 were $3,548,919, representing a 2% increase compared to the first six months of fiscal 2025. This increase was primarily due to higher revenues from a limited liability company investment, increased average gas prices, and higher oil and natural gas production volumes, partially offset by a 17% decline in average oil prices.
- For the second quarter of fiscal 2026, net income was $323,506, or $0.16 per diluted share, with operating revenues of $1,734,743.
- The company expects to participate in the drilling and completion of 47 wells (46 horizontal and 1 vertical) at an estimated aggregate cost of approximately $1.0 million for the fiscal year ending March 31, 2026, with approximately $300,000 expended to date. Additionally, approximately $450,000 has been expended for royalty and mineral interest acquisitions during fiscal 2026.
Nov 12, 2025, 9:53 PM
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