MXC
Mexco Energy Corporation10.05
+0.15+1.52%
Dec 16, 1:02:20 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
20.56MP/E (TTM)
12.72Basic EPS (TTM)
0.79Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Annual meeting results
Mexco Energy Corporation's stockholders overwhelmingly elected six directors—Michael J. Banschbach, Kenneth L. Clayton, Thomas R. Craddick, Thomas H. Decker, Christopher M. Schroeder, and Nicholas C. Taylor—to the board at the September 9, 2025, annual meeting, with each receiving over 1.6 million votes for and minimal opposition. They ratified Weaver and Tidwell, L.L.P. as the independent auditor for the fiscal year ending March 31, 2026, by a 1,631,528 to 645 margin. The advisory vote approved executive compensation, garnering 1,602,588 yes votes. Continuity intact.
10-Q
Q1 FY2026 results
Mexco Energy posted solid Q1 FY2026 results, with total operating revenues climbing 5% year-over-year to $1.8M, fueled by 16% higher oil volumes and 25% more gas output despite softer oil prices at $63.42 per barrel versus $79.87 last year; gas prices doubled to $2.11 per mcf, lifting sales 102%. Operating income dipped 12% to $332K amid 25% steeper depletion from rising production, yet net income held at $242K or $0.12 per diluted share on 2.07M shares, matching basic earnings with minor anti-dilution from options. Cash from operations surged 26% to $1.4M, funding $373K in property adds and a $205K dividend while boosting cash to $2.5M; the $2.5M credit facility remains untapped with $1.5M available through March 2026. In May 2025, Mexco snagged royalty interests in two Pecos County wells for $40K, adding future development upside. Volatility in oil and gas prices lingers as a key risk.
8-K
Q1 net income dips 17%
Mexco Energy Corporation reported first-quarter fiscal 2026 net income of $241,951, down 17% from $291,039 a year earlier, despite a 5% revenue rise to $1,814,176 fueled by 16% higher oil volumes and 25% more natural gas output. Oil prices fell 21%, yet production per BOE climbed 21% overall, with oil comprising 80% of sales. The company plans to drill 35 horizontal wells and complete 17 this fiscal year at a $1.2 million cost. Volatility in oil and gas prices poses risks.
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