Mexco Energy Corporation Reports Financial Results for First Six Months

Rhea-AI Summary

Mexco Energy (MXC) reported a 67% increase in net income for the six months ended September 30, 2026. Net income reached $945,152, or $0.45 per diluted share, versus $565,457, or $0.27 per diluted share, a year earlier. Operating revenues rose 21% to $4,102,157 from $3,386,580. A 43% increase in average oil price was partially offset by a 23% decrease in average natural gas price and a 7% decline in oil production.

For the fiscal year ending March 31, 2027, the company expects to participate in drilling 55 horizontal wells and completing 20 horizontal wells, at an estimated aggregate cost of approximately $1.8 million. Approximately $900,000 has been spent to date. Mexco invested approximately $3.2 million in acquiring oil and gas royalty interests during the first six months of fiscal 2027 and continues evaluating additional drilling prospects for the remainder of the fiscal year.

7 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointApproximately $3.2 million invested in acquiring oil and gas royalty interests during fiscal 2027's first six months. 16% of market cap
• Moderate pointNet income rose 67% to $945,152 for the six months ended September 30, 2026, versus $565,457.
• Moderate pointOperating revenues rose 21% to $4,102,157 in fiscal 2027's first six months, versus $3,386,580.
• Minor pointDiluted earnings per share increased to $0.45 from $0.27 for the comparable six-month period.
• Minor pointAverage oil price increased 43%, primarily driving the six-month revenue increase.

2 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.Mexco expects participation in drilling 55 horizontal wells and completing 20 horizontal wells in fiscal 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.Additional drilling prospects remain under evaluation for participation during the remainder of the fiscal year.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 well participation has an estimated cost of approximately $1.8 million; approximately $900,000 has been spent. 9.1% of market cap
• Minor pointAverage natural gas price decreased 23%, partially offsetting the benefit of higher oil prices.
• Minor pointOil production decreased 7%, partially offsetting the benefit of higher oil prices.

Key Figures

Net income: $945,152 Diluted EPS: $0.45 per diluted share Net income year-over-year change: 67% increase +5 more

Net income

$945,152

Six months ended September 30, 2026

Diluted EPS

$0.45 per diluted share

Six months ended September 30, 2026

Net income year-over-year change

67% increase

Six months ended September 30, 2026

Operating revenue

$4,102,157; up 21%

First six months of fiscal 2027 versus fiscal 2026

Drilling and completion program

55 horizontal wells; 20 horizontal well completions

Currently expected during the fiscal year ending March 31, 2027

Estimated program cost

Approximately $1.8 million

Drilling and completion program for the fiscal year ending March 31, 2027

Program spending to date

Approximately $900,000

Expended to date on the fiscal 2027 drilling and completion program

Royalty-interest investment

Approximately $3.2 million

Invested during the first six months of fiscal 2027

Previous Earnings Reports

2 past events · Latest: Aug 12

Same Type 2 events

1. Aug 12

   Q1 earnings

   24h Move

   -3.3%

   First-quarter net income and revenue rose; the fiscal-year drilling and completion plan was 53 wells.

2. Nov 12

   Six-month earnings

   24h Move

   -3.8%

   Six-month results establish the year-ago net-income comparator for the current earnings report.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

diluted share, horizontal wells, forward-looking statements

3 terms

diluted share financial

"net income of $945,152, or $0.45 per diluted share"

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

horizontal wells technical

"participate in the drilling of 55 horizontal wells"

Horizontal wells are oil or gas boreholes drilled down and then steered to run sideways through a reservoir, exposing a long stretch of rock to the well instead of a single vertical point. For investors they matter because the wider contact with the resource usually increases production and lowers the cost per unit produced, much like slicing through a loaf covers more area than tiny pokes, so companies can generate more revenue with fewer surface locations.

forward-looking statements regulatory

"revise any forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIDLAND, TX, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $945,152, or $0.45 per diluted share, for the six months ended September 30, 2026. This compares to net income of $565,457, or $0.27 per diluted share, for the six months ended September 30, 2025, a 67% increase.

Operating revenues in the first six months of fiscal 2027 were $4,102,157, an increase of 21% from $3,386,580 for the first six months of fiscal 2026. This increase was primarily attributable to a 43% increase in average oil price partially offset by a 23% decrease in average natural gas price and a 7% decrease in oil production.

The Company currently expects to participate in the drilling of 55 horizontal wells and the completion of 20 horizontal wells at an estimated aggregate cost of approximately $1.8 million during the fiscal year ending March 31, 2027, of which approximately $900,000 has been expended to date. The Company continues to evaluate additional drilling prospects for participation during the remainder of the fiscal year.

The president of the Company, Tammy McComic, said, "During the first six months of fiscal year 2027, we invested approximately $3.2 million in our ongoing investment strategy of acquiring oil and gas royalty interests."

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, 2026. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Mexco Energy earn in the six months ended September 30, 2026?

Mexco Energy earned $945,152, or $0.45 per diluted share, up 67% from net income of $565,457, or $0.27 per diluted share, in the six months ended September 30, 2025.

What are Mexco Energy's drilling and completion plans for fiscal 2027?

Mexco expects to participate in drilling 55 horizontal wells and completing 20 horizontal wells during the fiscal year ending March 31, 2027. The estimated aggregate cost is approximately $1.8 million, of which approximately $900,000 has been spent to date.