Mexco Energy H1 FY2027 earnings rise 67% to $945K

Available on EDGAR 11/12/2026 - 05:29 PM EST Accepted by SEC EDGAR 11/12/2026 - 05:28 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Mexco Energy Corporation (MXC) reported net income of $945,152, or $0.45 per diluted share, for the six months ended September 30, 2026, compared with $565,457, or $0.27 per diluted share, for the six months ended September 30, 2025; the company stated net income increased 67%. Operating revenues for the first six months of fiscal 2027 were $4,102,157, up 21% from $3,386,580 in the same period of fiscal 2026. The revenue increase was primarily attributable to a 43% increase in average oil price, partly offset by a 23% decrease in average natural gas price and a 7% decrease in oil production.

Mexco currently expects to participate in drilling 55 horizontal wells and completing 20 horizontal wells during the fiscal year ending March 31, 2027, at an estimated aggregate cost of approximately $1.8 million; approximately $900,000 has been expended to date. Tammy McComic, the company’s president, said Mexco invested approximately $3.2 million in acquiring oil and gas royalty interests during the first six months of fiscal 2027. Mexco also continues to evaluate additional drilling prospects for the rest of the fiscal year.

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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.

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Positive

• Moderate pointSix-month net income increased 67% to $945,152.
• Moderate pointSix-month operating revenue increased 21% to $4,102,157.

Negative

• None.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net income: $945,152 Diluted earnings per share: $0.45 per diluted share Operating revenues: $4,102,157 +5 more

8 metrics

Net income $945,152 Six months ended September 30, 2026; compared with $565,457 for the six months ended September 30, 2025; company-reported increase of 67%.

Diluted earnings per share $0.45 per diluted share Six months ended September 30, 2026; compared with $0.27 per diluted share for the six months ended September 30, 2025.

Operating revenues $4,102,157 First six months of fiscal 2027; up 21% from $3,386,580 in the first six months of fiscal 2026.

Horizontal wells expected to be drilled 55 wells Mexco currently expects to participate during the fiscal year ending March 31, 2027.

Horizontal wells expected to be completed 20 wells Mexco currently expects to participate during the fiscal year ending March 31, 2027.

Estimated aggregate drilling and completion cost Approximately $1.8 million Fiscal year ending March 31, 2027.

Expenditures to date Approximately $900,000 Against the estimated aggregate cost for the expected fiscal-year drilling and completion activity.

Investment in acquiring oil and gas royalty interests Approximately $3.2 million First six months of fiscal 2027.

Key Terms

diluted share, horizontal wells, royalty interests, reserves, +1 more

5 terms

diluted share financial

"$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

"drilling 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.

royalty interests financial

"acquiring oil and gas royalty interests"

A royalty interest is a legal right to receive a share of revenue generated by a natural resource, property, or intellectual asset—like getting a slice of every sale or barrel produced—without owning or running the business that creates it. For investors it can act like a toll road: it provides potential steady cash flow and upside when production or sales rise, while leaving operational costs and many day-to-day risks with the operator; payments still vary with output, prices, and legal or regulatory changes.

reserves technical

"the need to develop and replace reserves"

Reserves are assets a company holds back for future use—either as money set aside to cover expected costs, losses or debts, or as countable natural resources (like oil or minerals) that can be extracted and sold later. Think of reserves like a household emergency fund or a pantry: they provide a safety cushion and potential future income, so investors watch them to judge a company’s stability and long‑term value.

forward-looking statements regulatory

"statements in this press release which are forward-looking"

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.

Earnings Snapshot

Net income: $945,152 · Guidance included

Six months ended September 30, 2026

Net income $945,152 Up 67% from $565,457 for the six months ended September 30, 2025

Diluted earnings per share $0.45 per diluted share Compared with $0.27 per diluted share for the six months ended September 30, 2025

Operating revenues $4,102,157 Up 21% from $3,386,580 in the first six months of fiscal 2026

Guidance

Mexco currently expects to participate in drilling 55 horizontal wells and completing 20 horizontal wells at an estimated aggregate cost of approximately $1.8 million during the fiscal year ending March 31, 2027; approximately $900,000 has been expended to date.

FAQ

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

How much net income did MXC report for the six months ended September 30, 2026?

MXC reported net income of $945,152, or $0.45 per diluted share. For the six months ended September 30, 2025, net income was $565,457, or $0.27 per diluted share; the company stated net income increased 67%.

What were MXC’s revenues for the first six months of fiscal 2027, and what drove the change?

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

What drilling activity does MXC expect during the fiscal year ending March 31, 2027?

MXC currently 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 expended to date.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934.

Date of Report: November 12, 2026

(Date of earliest event reported)

Mexco Energy Corporation

(Exact name of registrant as specified in its charter)

CO		1-31785		84-0627918
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification Number)

415 W. Wall Street, Suite 475 Midland, TX		79701
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 432-682-1119

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.13e-4(c))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.50 per share		MXC		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On November 12, 2026, Mexco Energy Corporation (the “Registrant”) issued a news release to announce its financial results for the six months ended September 30, 2026.

Item 8.01 Other Events

On November 12, 2026, Mexco Energy Corporation issued a news release to announce further development of properties.

Copy of the news release is filed as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

	Exhibit
	Number		Document
	99.1		News release dated November 12, 2026.
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MEXCO ENERGY CORPORATION
Dated: November 12, 2026	By:	/s/ Tammy McComic
		Tammy McComic
		President and Chief Financial Officer

Exhibit 99.1

November 12, 2026

FOR IMMEDIATE RELEASE

Mexco Energy Corporation Reports Financial Results for First Six Months

MIDLAND, TX – 11/12/2026 – 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.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 7.7 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB