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Mexco Energy Corporation reported weaker results for fiscal 2026, with net income of $1,305,722, or $0.64 per diluted share, down 24% from fiscal 2025. Operating revenues were $6,561,324, an 8% decrease, driven mainly by lower realized oil prices and reduced oil production, partly offset by stronger natural gas prices, higher gas volumes, and more income from a limited liability company investment.
The company invested about $1.25 million to participate in 57 horizontal and one vertical well, plus $150,000 to complete 17 horizontal wells drilled in fiscal 2025, and saw 177 gross wells drilled on its royalty interests. It plans to spend roughly $1.8 million on 33 new horizontal wells and completing 20 existing wells in fiscal 2027. Proved reserves at March 31, 2026, had an estimated present value of about $21 million, with oil reserves down 2% to 659 thousand barrels and natural gas reserves up 7% to 4.67 billion cubic feet.
Oil accounted for around 46% of total proved reserves and 81% of oil and gas sales. Management highlighted approximately $1.4 million of cash on hand and no outstanding bank line of credit borrowings, and noted about $800,000 of royalty and mineral interest acquisitions funded from cash.
Mexco Energy Corporation reports fiscal year 2026 results driven by U.S. oil and gas production, primarily in the Permian Basin. Oil and gas revenue was approximately $6.55 million, down from $7.12 million, as lower oil prices offset higher natural gas volumes and pricing.
Net income was $1.31 million versus $1.71 million, reflecting softer commodity pricing partially offset by lower production costs. Production totaled 195,765 BOE, with oil providing 81% of sales and the Permian Basin contributing three-quarters of discounted future net cash flows.
At March 31, 2026, proved reserves were 1.437 million BOE with a PV-10 value of $21.13 million, and the standardized measure was $18.67 million. Mexco generated $3.78 million of operating cash flow, funded drilling and mineral acquisitions, maintained a small non-operator workforce, and continued paying a $0.10 per-share annual dividend while running an active share repurchase authorization.
Mexco Energy Corporation announced that its board of directors declared a regular annual cash dividend of $0.10 per common share. The dividend will be paid on June 30, 2026 to stockholders of record at the close of business on June 15, 2026. The company explains that future dividends will be determined at the board’s discretion based on factors such as liquidity, capital needs, operating results and cash reserves, and it cannot assure that dividends will be authorized or declared in the future.
MEXCO ENERGY CORP director Thomas H. Decker reported selling 5,000 shares of MXC common stock in open-market transactions. On March 5, 2026, he sold 2,500 shares at $13.45 per share and another 2,500 shares at $14.70 per share.
After these sales, Decker directly held 18,400 MXC common shares. An additional 10,173 shares were reported as indirectly owned, held by his spouse.
Mexco Energy Corporation reported net income of $615,702, or $0.30 per diluted share, for the nine months ended December 31, 2025, on operating revenues of $4,932,806, an 8% decrease from the prior year period. Third-quarter net income fell sharply to $50,245, or $0.02 per diluted share, down 89% from $469,133, or $0.22 per diluted share, mainly because of lower oil prices.
Oil provided 77% of operating revenues for the first nine months of fiscal 2026, underscoring the company’s exposure to oil price movements. Mexco expects to participate in drilling and completing fifty horizontal wells for the fiscal year ending March 31, 2026 at an estimated aggregate cost of about $1.6 million, of which $0.9 million has already been spent. The company has also invested roughly $650,000 in royalty and mineral interest acquisitions in about 100 producing wells across seven counties in four states to support future production.
Mexco Energy Corporation reported weaker results for the quarter and nine months ended December 31, 2025, as lower oil prices and volumes reduced profitability. Quarterly operating revenue fell to $1.38 million and net income dropped to $50,245, compared with $469,133 a year earlier.
For the nine-month period, operating revenue declined to $4.93 million and net income decreased to $615,702 from $1.08 million, driven mainly by lower oil revenue and higher depletion expense. Despite this, Mexco generated $2.93 million in operating cash flow, ended with $2.27 million in cash and no debt outstanding on its $1.5 million credit facility, while continuing to invest in new wells and royalty interests.
Mexco Energy Corporation reported that it issued a news release on November 12, 2025 to present its financial results for the six months ended September 30, 2025. The company also announced in the same release that it is pursuing further development of its oil and gas properties. The news release is included as Exhibit 99.1, giving more detail on both the recent financial performance and the progress of these property development efforts.
Mexco Energy (MXC) reported Q2 results for the quarter ended September 30, 2025. Total operating revenues were $1,734,743, with operating income of $362,696 and net income of $323,506, or diluted EPS of $0.16. Oil revenue declined as prices fell, while gas revenue rose on higher volumes and better pricing. Production costs decreased 11% and DD&A increased 13%.
For the first six months, revenues were $3,548,919 and net income was $565,457, or diluted EPS of $0.27. Operating cash flow reached $2,067,549, funding $676,601 of additions to oil and gas properties and a $204,600 dividend. Cash was $2,746,692 with no borrowings outstanding; WTNB reaffirmed a $1,500,000 borrowing base. The company continued small royalty acquisitions (e.g., $40,000 in May; $60,000 and $26,000 in August) and outlined about $1,000,000 of planned participations in 46 horizontal and one vertical well for fiscal 2026. Shares outstanding were 2,046,000 as of November 12, 2025.
Mexco Energy Corporation reported voting results from its 2025 Annual Meeting of Stockholders held on September 9, 2025. Stockholders were asked to elect six directors, ratify the selection of Weaver and Tidwell, L.L.P. as independent registered public accounting firm for the fiscal year ending March 31, 2026, and approve a non-binding advisory resolution on executive compensation.
Each director nominee received over 1.61 million votes for, with relatively few votes withheld and 27,755 broker non-votes reported for each nominee. The auditor ratification received 1,631,528 votes for, 645 against, and 25,192 abstentions. The advisory vote on executive compensation received 1,602,588 votes for, 819 against, 26,203 abstentions, and 27,755 broker non-votes.