Mexco Energy Corporation Reports Financial Results for Third Quarter

Rhea-AI Summary

Mexco Energy Corporation (NYSE American: MXC) reported third-quarter fiscal 2026 net income of $50,245 ($0.02 per diluted share) and nine-month net income of $615,702 ($0.30 per diluted share). The quarter's net income decreased 89% versus the prior-year quarter, primarily due to lower oil prices.

Operating revenues were $1,383,887 in the quarter and $4,932,806 for the nine months, with oil representing 77% of nine-month revenues. The company expects to participate in the drilling and completion of 50 horizontal wells at an estimated aggregate cost of ≈$1.6 million for the fiscal year ending March 31, 2026, and has spent ~$0.9 million to date.

Positive

• Planned drilling: participation in 50 horizontal wells at an estimated aggregate cost of ~$1.6M for fiscal year ending Mar 31, 2026
• Capital deployed: ~$0.9M already expended on drilling program, demonstrating near-term activity
• Acquisitions: ~$650k spent for royalty and mineral interests across ~100 producing wells to support future development

Negative

• Net income -89% in Q3 fiscal 2026 versus prior-year quarter, driven primarily by lower oil prices
• Revenue concentration: oil accounted for 77% of operating revenues for the first nine months, exposing results to oil price volatility

Key Figures

Net income (9M): $615,702 EPS (9M): $0.30 per diluted share Q3 net income: $50,245 +5 more

8 metrics

Net income (9M) $615,702 Nine months ended Dec 31, 2025

EPS (9M) $0.30 per diluted share Nine months ended Dec 31, 2025

Q3 net income $50,245 Q3 fiscal 2026; down 89% vs prior-year quarter

Q3 EPS $0.02 per diluted share Q3 fiscal 2026

Q3 operating revenues $1,383,887 Third quarter fiscal 2026

9M operating revenues $4,932,806 Nine months ended Dec 31, 2025; 8% decrease vs prior year

Planned well spend $1.6 million Estimated aggregate cost to participate in 50 horizontal wells FY ending Mar 31, 2026

Royalty acquisitions $650,000 Spent to date on royalty and mineral interests in ~100 producing wells

Market Reality Check

Price: $11.35 Vol: Volume 4,599 is below the...

low vol

$11.35 Last Close

Volume Volume 4,599 is below the 20-day average of 17,481 (relative volume 0.26). low

Technical Price $11.35 is trading above the 200-day MA $8.80 ahead of this earnings release.

Peers on Argus

MXC is up 7.74% while key peers show mixed moves (e.g., BATL -4.29%, EONR -7.48%...

2 Up

MXC is up 7.74% while key peers show mixed moves (e.g., BATL -4.29%, EONR -7.48%, USEG -3.77%). Momentum scan flags EONR and TPET as gainers intraday, but overall patterns do not indicate a coordinated sector move.

Previous Earnings Reports

5 past events · Latest: Nov 12 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 12	Six-month earnings	Positive	+5.1%	Six-month net income and revenues grew versus prior year despite oil pressure.
Aug 12	Q1 earnings	Neutral	-2.7%	Q1 net income declined while revenues rose on higher production and gas prices.
Jun 27	Fiscal 2025 results	Positive	-2.7%	Fiscal 2025 net income and revenues increased, with expanded drilling activity.
Feb 07	Q3 earnings	Positive	-3.0%	Q3 2025 net income and revenues rose on higher production volumes.
Nov 07	Six-month earnings	Positive	+2.1%	First six months of fiscal 2025 showed higher income and revenues versus 2024.

Pattern Detected

Earnings headlines often show strong fundamentals, yet price reactions have been mixed, with several positive reports followed by negative next-day moves.

Recent Company History

Over the past few earnings cycles, Mexco has reported generally solid profitability and revenue growth, highlighted by fiscal 2025 net income of $1.71 million and operating revenues of $7.36 million. Subsequent quarters, including the six months ended Sept 30, 2025, maintained profitability but faced pressure from weaker oil prices. Earlier third-quarter 2025 results showed higher Q3 net income of $469,133. The current nine‑month 2026 update, with lower net income and revenues, contrasts with that prior momentum and underscores increased commodity headwinds.

Historical Comparison

earnings

-0.2 %

Average Historical Move

Historical Analysis

Past earnings headlines for MXC saw an average move of about -0.23%. The current +7.74% reaction stands out versus that typical pattern.

Typical Pattern

Earnings history shows strong fiscal 2025 growth followed by fiscal 2026 quarters pressured by weaker oil prices, shifting from expansion to navigating commodity headwinds.

Market Pulse Summary

This announcement details a sharp Q3 earnings slowdown, with net income of $50,245 versus a much str...

Analysis

This announcement details a sharp Q3 earnings slowdown, with net income of $50,245 versus a much stronger prior-year quarter, and nine‑month operating revenues of $4.93 million, down 8%. Management attributes the pressure mainly to lower oil prices, while oil still represents 77% of operating revenues, underscoring commodity dependence. At the same time, the company continues investing about $1.6 million in 50 horizontal wells and $650,000 in royalty interests, making future production and price trends key metrics to monitor.

Key Terms

safe harbor, forward-looking statements

2 terms

safe harbor regulatory

"In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act"

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

forward-looking statements regulatory

"disclaims any intention or obligation to 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. Not financial advice.

MIDLAND, TX, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $615,702, or $0.30 per diluted share, for the nine months ending December 31, 2025.

For the third quarter of fiscal 2026, the Company reported net income of $50,245, or $0.02 per diluted share, a decrease of 89% when compared to $469,133, or $0.22 per diluted share, for the prior year quarter. This decrease is primarily due to the decline in oil prices. Operating revenues in the third quarter of fiscal 2026 were $1,383,887.

For the nine months ended December 31, 2025, operating revenues were $4,932,806, a decrease of 8% when compared to the first nine months of fiscal 2025. This decrease was primarily due to a decrease in average oil prices and production volumes partially offset by an increase in average natural gas prices and production volumes as well as an increase in income from the Company’s most recent limited liability company investment. Oil contributed to 77% of our operating revenues for the first nine months of fiscal 2026.

The Company currently expects to participate in the drilling and completion of fifty horizontal wells at an estimated aggregate cost of approximately $1.6 million for the fiscal year ending March 31, 2026, of which $.9 million has been expended to date.

The Company has also expended approximately $650,000 to date for royalty and mineral interest acquisitions in approximately 100 producing wells generally with additional potential development located in seven counties in four states.

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, at Mexco Energy Corporation, (432) 682-1119.

FAQ

What did Mexco Energy (MXC) report for third-quarter fiscal 2026 net income?

Mexco reported Q3 fiscal 2026 net income of $50,245 ($0.02 per diluted share). According to the company, this represented an 89% decline versus the prior-year quarter, primarily attributed to a decline in oil prices impacting revenue and margins.

How much revenue did MXC generate for the nine months ended December 31, 2025?

Mexco reported operating revenues of $4,932,806 for the nine months ended Dec 31, 2025. According to the company, revenues fell due to lower average oil prices and production volumes despite higher natural gas prices and volumes.

What is Mexco's 2026 drilling plan and estimated cost for MXC shareholders?

Mexco expects to participate in drilling and completion of 50 horizontal wells at an estimated aggregate cost of about $1.6 million for the fiscal year ending Mar 31, 2026. According to the company, ~$0.9 million has been expended to date.

How much has Mexco spent on royalty and mineral acquisitions for MXC?

The company has expended approximately $650,000 to acquire royalty and mineral interests across about 100 producing wells. According to the company, these acquisitions target additional development potential in seven counties across four states.

How exposed is MXC to oil price movements after the Q3 2026 results?

Oil contributed 77% of operating revenues for the first nine months of fiscal 2026, indicating significant exposure to oil price swings. According to the company, lower oil prices were the primary driver of the recent quarterly net income decline.