MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2025
Mexco Energy Corporation (NYSE American: MXC) reported strong financial results for fiscal 2025, with net income increasing 27% to $1.71 million ($0.81 per diluted share) and operating revenues rising 11% to $7.36 million. The company participated in drilling 35 horizontal wells at a cost of $1.1 million, with 29 wells located in the Delaware Basin.
The company maintains a strong financial position with $2.2 million in cash and no outstanding debt. Mexco's proved reserves were valued at approximately $23 million, though oil reserves decreased 15% to 675,000 barrels and natural gas reserves fell 4% to 4.36 billion cubic feet due to lower commodity prices. The company acquired interests in 840 gross wells across multiple states for approximately $2.0 million.
Mexco Energy Corporation (NYSE American: MXC) ha riportato risultati finanziari solidi per l'anno fiscale 2025, con un utile netto in aumento del 27% a 1,71 milioni di dollari (0,81 dollari per azione diluita) e ricavi operativi in crescita dell'11% a 7,36 milioni di dollari. L'azienda ha partecipato alla perforazione di 35 pozzi orizzontali con un costo di 1,1 milioni di dollari, di cui 29 pozzi situati nel Bacino del Delaware.
L'azienda mantiene una solida posizione finanziaria con 2,2 milioni di dollari in contanti e nessun debito in essere. Le riserve provate di Mexco sono state valutate intorno a 23 milioni di dollari, anche se le riserve di petrolio sono diminuite del 15% a 675.000 barili e quelle di gas naturale sono calate del 4% a 4,36 miliardi di piedi cubi a causa del calo dei prezzi delle materie prime. La società ha acquisito interessi in 840 pozzi lordi in diversi stati per circa 2,0 milioni di dollari.
Mexco Energy Corporation (NYSE American: MXC) reportó sólidos resultados financieros para el año fiscal 2025, con un ingreso neto que aumentó un 27% hasta 1,71 millones de dólares (0,81 dólares por acción diluida) y ingresos operativos que subieron un 11% hasta 7,36 millones de dólares. La empresa participó en la perforación de 35 pozos horizontales con un costo de 1,1 millones de dólares, de los cuales 29 pozos se encuentran en la Cuenca de Delaware.
La compañía mantiene una sólida posición financiera con 2,2 millones de dólares en efectivo y sin deuda pendiente. Las reservas probadas de Mexco fueron valoradas en aproximadamente 23 millones de dólares, aunque las reservas de petróleo disminuyeron un 15% hasta 675,000 barriles y las reservas de gas natural cayeron un 4% hasta 4,36 mil millones de pies cúbicos debido a la caída de los precios de las materias primas. La empresa adquirió intereses en 840 pozos brutos en varios estados por aproximadamente 2,0 millones de dólares.
Mexco Energy Corporation (NYSE American: MXC)는 2025 회계연도에 강력한 재무 실적을 보고했으며, 순이익이 27% 증가하여 171만 달러($0.81 희석 주당순이익)이고, 영업 수익은 11% 증가하여 736만 달러를 기록했습니다. 회사는 110만 달러의 비용으로 35개의 수평정 시추에 참여했으며, 이 중 29개는 델라웨어 분지에 위치해 있습니다.
회사는 220만 달러의 현금과 부채 없는 강력한 재무 상태를 유지하고 있습니다. Mexco의 입증된 매장량은 약 2300만 달러로 평가되었으나, 원유 매장량은 상품 가격 하락으로 인해 15% 감소한 67만 5천 배럴, 천연가스 매장량은 4% 감소한 43억 6천만 입방피트로 나타났습니다. 회사는 여러 주에서 약 200만 달러에 총 840개의 유정 지분을 인수했습니다.
Mexco Energy Corporation (NYSE American : MXC) a publié des résultats financiers solides pour l'exercice 2025, avec un revenu net en hausse de 27 % à 1,71 million de dollars (0,81 dollar par action diluée) et des revenus d'exploitation en hausse de 11 % à 7,36 millions de dollars. La société a participé au forage de 35 puits horizontaux pour un coût de 1,1 million de dollars, dont 29 puits situés dans le bassin du Delaware.
La société maintient une position financière solide avec 2,2 millions de dollars en liquidités et aucune dette en cours. Les réserves prouvées de Mexco ont été évaluées à environ 23 millions de dollars, bien que les réserves de pétrole aient diminué de 15 % à 675 000 barils et les réserves de gaz naturel aient chuté de 4 % à 4,36 milliards de pieds cubes en raison de la baisse des prix des matières premières. La société a acquis des intérêts dans 840 puits bruts dans plusieurs États pour environ 2,0 millions de dollars.
Mexco Energy Corporation (NYSE American: MXC) meldete starke Finanzergebnisse für das Geschäftsjahr 2025, mit einem Nettoeinkommen, das um 27 % auf 1,71 Millionen US-Dollar stieg (0,81 US-Dollar pro verwässerter Aktie) und operativen Einnahmen, die um 11 % auf 7,36 Millionen US-Dollar zunahmen. Das Unternehmen beteiligte sich an der Bohrung von 35 Horizontalbohrungen zu Kosten von 1,1 Millionen US-Dollar, wobei 29 Bohrungen im Delaware-Becken lagen.
Das Unternehmen hält eine starke Finanzposition mit 2,2 Millionen US-Dollar in bar und keiner ausstehenden Verschuldung. Die nachgewiesenen Reserven von Mexco wurden auf etwa 23 Millionen US-Dollar bewertet, obwohl die Ölreserven aufgrund niedrigerer Rohstoffpreise um 15 % auf 675.000 Barrel und die Erdgasreserven um 4 % auf 4,36 Milliarden Kubikfuß zurückgingen. Das Unternehmen erwarb Anteile an 840 Bruttoquellen in mehreren Bundesstaaten für etwa 2,0 Millionen US-Dollar.
- Net income increased 27% to $1.71 million
- Operating revenues grew 11% to $7.36 million
- Strong balance sheet with $2.2 million cash and no debt
- 31% of operating revenues came from royalties free of operational costs
- Acquired interests in 840 gross wells across multiple states
- Oil reserves decreased 15% to 675,000 barrels
- Natural gas reserves declined 4% to 4.36 billion cubic feet
- Low natural gas prices due to limited Permian Basin pipeline capacity
- Average realized natural gas price was only $1.70 per thousand cubic feet
Insights
Mexco Energy reports 27% net income growth with strong cash position despite challenging natural gas prices.
Mexco Energy Corporation (NYSE American: MXC) has delivered solid fiscal 2025 results with net income increasing 27% to
The company's production strategy shows resilience in a challenging price environment. While the average realized oil price was
Mexco's business model demonstrates effective diversification with
Looking at reserves, Mexco reported approximately
The company's forward strategy includes plans to participate in 27 new horizontal wells in fiscal 2026 with approximately
MIDLAND, TX, June 27, 2025 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2025. The Company reported net income of
Operating revenues for fiscal 2025 were
The Company participated in the drilling of 35 horizontal wells at a cost of approximately
In addition to the above working interests, there were 120 gross wells (.09 net wells) drilled by other operators on the Company’s royalty interests. Approximately
The Company currently expects to participate in the drilling of 27 and completion of 17 horizontal wells at an estimated aggregate cost of approximately
The Company’s estimated present value of proved reserves at March 31, 2025 was approximately
The President and Chief Financial Officer of the Company said, “We have approximately
Throughout the year, the Company acquired various royalty and mineral interests in 840 gross wells (2.31 net wells) primarily in Adams, Broomfield and Weld Counties, Colorado; DeSoto Parish, Louisiana; Eddy County, New Mexico; Karnes, Live Oak, Reagan, Reeves and Upton Counties, Texas; Laramie County, Wyoming; and, multiple counties in Nebraska, North and South Dakota, and Montana, for an aggregate purchase price of approximately
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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