Mexco Energy Corporation Reports Financial Results for First Quarter
Mexco Energy Corporation (NYSE American: MXC) reported its Q1 fiscal 2026 financial results with net income of $241,951 ($0.12 per diluted share), down 17% from $291,039 ($0.14 per diluted share) in Q1 fiscal 2025. Operating revenues increased 5% to $1,814,176, driven by significant production volume increases and higher natural gas prices.
The company saw a 16% increase in oil production and a 25% increase in natural gas production. Natural gas prices surged 62%, though oil prices declined 21%. Mexco plans to participate in 35 new horizontal wells with estimated costs of $1.2 million for fiscal 2026, with $350,000 already spent.
Mexco Energy Corporation (NYSE American: MXC) ha comunicato i risultati finanziari del primo trimestre dell'esercizio fiscale 2026 con un utile netto di $241,951 ($0.12 per azione diluita), in calo del 17% rispetto a $291,039 ($0.14 per azione diluita) nel primo trimestre dell'esercizio fiscale 2025. I ricavi operativi sono aumentati del 5% a $1,814,176, trainati da un significativo aumento dei volumi di produzione e da prezzi più elevati del gas naturale.
L'azienda ha registrato un incremento del 16% nella produzione di petrolio e un incremento del 25% nella produzione di gas naturale. I prezzi del gas naturale sono saliti del 62%, mentre i prezzi del petrolio sono diminuiti del 21%. Mexco prevede di partecipare a 35 nuovi pozzi orizzontali con costi stimati di $1.2 million per l'esercizio fiscale 2026, di cui $350,000 sono già stati spesi.
Mexco Energy Corporation (NYSE American: MXC) informó sus resultados financieros del primer trimestre del ejercicio fiscal 2026 con una utilidad neta de $241,951 ($0.12 por acción diluida), una disminución del 17% desde $291,039 ($0.14 por acción diluida) en el primer trimestre del ejercicio fiscal 2025. Los ingresos operativos aumentaron un 5% hasta $1,814,176, impulsados por significativos incrementos en los volúmenes de producción y por precios más altos del gas natural.
La compañía registró un aumento del 16% en la producción de petróleo y un aumento del 25% en la producción de gas natural. Los precios del gas natural se dispararon un 62%, aunque los precios del petróleo cayeron un 21%. Mexco planea participar en 35 nuevos pozos horizontales con costos estimados de $1.2 million para el ejercicio fiscal 2026, habiendo gastado ya $350,000.
Mexco Energy Corporation (NYSE American: MXC)은(는) 2026 회계연도 1분기 실적을 발표했으며, 순이익은 $241,951 ($0.12 희석 주당)으로 2025 회계연도 1분기의 $291,039 ($0.14 희석 주당) 대비 17% 감소했습니다. 영업수익은 생산량 증가와 천연가스 가격 상승에 힘입어 5% 증가하여 $1,814,176을 기록했습니다.
회사는 원유 생산이 16% 증가하고 천연가스 생산이 25% 증가했습니다. 천연가스 가격은 62% 급등한 반면 원유 가격은 21% 하락했습니다. Mexco는 2026 회계연도에 참여할 35개의 신규 수평 시추공을 계획하고 있으며, 추정 비용은 $1.2 million이고 이미 $350,000를 지출했습니다.
Mexco Energy Corporation (NYSE American: MXC) a publié ses résultats du premier trimestre de l'exercice 2026, affichant un bénéfice net de $241,951 ($0.12 par action diluée), en baisse de 17% par rapport à $291,039 ($0.14 par action diluée) au T1 de l'exercice 2025. Les revenus d'exploitation ont augmenté de 5% pour atteindre $1,814,176, tirés par de fortes hausses des volumes de production et des prix plus élevés du gaz naturel.
La société a enregistré une hausse de 16% de la production pétrolière et une hausse de 25% de la production de gaz naturel. Les prix du gaz naturel ont grimpé de 62%, tandis que les prix du pétrole ont diminué de 21%. Mexco prévoit de participer à 35 nouveaux puits horizontaux avec un coût estimé de $1.2 million pour l'exercice 2026, dont $350,000 ont déjà été dépensés.
Mexco Energy Corporation (NYSE American: MXC) meldete seine Finanzergebnisse für das erste Quartal des Geschäftsjahres 2026 mit einem Nettogewinn von $241,951 ($0.12 je verwässerter Aktie), ein Rückgang von 17% gegenüber $291,039 ($0.14 je verwässerter Aktie) im ersten Quartal des Geschäftsjahres 2025. Die Betriebserträge stiegen um 5% auf $1,814,176, gestützt durch deutliche Zuwächse bei den Produktionsmengen und höhere Erdgaspreise.
Das Unternehmen verzeichnete einen 16%igen Anstieg der Ölproduktion und einen 25%igen Anstieg der Erdgasproduktion. Die Erdgaspreise sprangen um 62%, während die Ölpreise um 21% zurückgingen. Mexco plant, sich an 35 neuen Horizontalbohrungen zu beteiligen, mit geschätzten Kosten von $1.2 million für das Geschäftsjahr 2026, von denen bereits $350,000 ausgegeben wurden.
- None.
- Net income decreased 17% year-over-year to $241,951
- Oil prices decreased 21% compared to previous year
- Significant capital expenditure of $1.2 million planned for well drilling
Insights
MXC reports mixed Q1 results with 21% production growth but 17% earnings decline due to lower oil prices, affecting its predominantly oil-weighted portfolio.
Mexco Energy (MXC) delivered mixed financial results for Q1 FY2026, with net income declining 17% to
The company achieved impressive operational metrics with production volumes increasing
Natural gas provided some cushion with prices surging
For capital allocation, Mexco has earmarked approximately
MIDLAND, TX, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of
Operating revenues in the first quarter of fiscal 2026 were
The Company currently expects to participate in the drilling of 35 and completion of 17 horizontal wells at an estimated aggregate cost of approximately
The president of the Company, Tammy McComic, said, “In the first quarter of fiscal 2026, volumes of the Company’s average production of oil and gas increased
Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties primarily in the Permian Basin. For more information on Mexco Energy Corporation, go to www.mexcoenergy.com.
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Mexco Energy Corporation cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may impact the Company's actual results of operations. These risks include, but are not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, uncertainties about estimates of reserves, competition, government regulation, and mechanical and other inherent risks associated with oil and gas production. A discussion of these and other factors, including risks and uncertainties, is set forth in the Company's Form 10-K for the fiscal year ended March 31, 2025. Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.
For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer of Mexco Energy Corporation, (432) 682-1119.
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