Mexco Energy reported a net income of $565,457 for the first half of fiscal 2026, with rising operating revenues impacted by oil price declines.
Quiver AI Summary
Mexco Energy Corporation reported a net income of $565,457, or $0.27 per diluted share, for the first six months ending September 30, 2025, with operating revenues rising 2% to $3,548,919 compared to the same period in the previous fiscal year. The increase in revenues was mainly driven by higher gas prices, increased oil and natural gas production, and a recent investment in a limited liability company, despite a 17% drop in average oil prices. For the second quarter of fiscal 2026, net income was $323,506, slightly up from $317,198 in the prior year. The company plans to participate in drilling 46 horizontal and 1 vertical well at a total cost of around $1.0 million and has spent approximately $450,000 on mineral interest acquisitions in several states. Mexco Energy, based in Midland, Texas, focuses on oil and gas property acquisition and development, mainly in the Permian Basin.
Potential Positives
- Mexco Energy Corporation reported a net income of $565,457, or $0.27 per diluted share, for the six months ending September 30, 2025, indicating profitability during this period.
- The company experienced a 2% increase in operating revenues to $3,548,919 in the first half of fiscal 2026, primarily driven by increases in gas prices and oil and natural gas production volumes.
- Net income for the second quarter of fiscal 2026 increased slightly to $323,506 from $317,198 in the same quarter of the previous year, showing stability and growth despite challenges in the oil market.
- The company plans to participate in the drilling and completion of 46 horizontal wells and 1 vertical well for the fiscal year, indicating ongoing investment and potential for future growth in production capacity.
Potential Negatives
- Net income for the six months ending September 30, 2025, was relatively low at $565,457, indicating potential profitability concerns.
- A 17% decline in average oil prices adversely impacted overall revenues, highlighting vulnerability to market fluctuations.
- The company's reliance on oil, which contributed 76% of operating revenues, poses a risk given the current volatility in oil and gas prices.
FAQ
What is Mexco Energy Corporation's net income for the first half of fiscal 2026?
Mexco Energy Corporation reported a net income of $565,457, or $0.27 per diluted share, for the six months ending September 30, 2025.
How much did operating revenues increase in the first half of fiscal 2026?
Operating revenues increased by 2% to $3,548,919 compared to the first six months of fiscal 2025.
What percentage of operating revenues was contributed by oil in fiscal 2026?
Oil contributed 76% of Mexco Energy Corporation's operating revenues for the first six months of fiscal 2026.
What are the estimated drilling costs for fiscal year ending March 31, 2026?
The estimated aggregate cost for drilling and completing 46 horizontal wells and 1 vertical well is approximately $1.0 million.
Which states is Mexco Energy Corporation investing in for mineral interests?
Mexco Energy Corporation is acquiring mineral interests in Colorado, Louisiana, New Mexico, Texas, and other locations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MXC Hedge Fund Activity
We have seen 7 institutional investors add shares of $MXC stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BEDDOW CAPITAL MANAGEMENT INC added 20,517 shares (+100.9%) to their portfolio in Q3 2025, for an estimated $187,941
- FRUTH INVESTMENT MANAGEMENT added 10,150 shares (+inf%) to their portfolio in Q3 2025, for an estimated $92,977
- ROYAL BANK OF CANADA added 2,970 shares (+25.4%) to their portfolio in Q2 2025, for an estimated $26,343
- MEIXLER INVESTMENT MANAGEMENT, LTD. added 550 shares (+2.9%) to their portfolio in Q3 2025, for an estimated $5,038
- DIMENSIONAL FUND ADVISORS LP added 407 shares (+1.1%) to their portfolio in Q3 2025, for an estimated $3,728
- ROBLE, BELKO & COMPANY, INC added 200 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,832
- UBS GROUP AG removed 123 shares (-15.5%) from their portfolio in Q2 2025, for an estimated $1,091
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIDLAND, TX, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $565,457, or $0.27 per diluted share, for the six months ending September 30, 2025.
Operating revenues in the first six months of fiscal 2026 were $3,548,919, an increase of 2% when compared to the first six months of fiscal 2025. This increase was primarily due to an increase in revenues from our most recent limited liability company investment, an increase in average gas prices, and an increase in oil and natural gas production volumes partially offset by a decrease in average oil prices. Oil contributed 76% of our operating revenues for the first six months of fiscal 2026.
Net income of $323,506, or $0.16 per diluted share, for the Company’s second quarter of fiscal 2026 compared with $317,198, or $0.15 per diluted share for the comparable quarter ending September 30, 2024. Operating revenues in the second quarter of fiscal 2026 were $1,734,743.
The President and Chief Financial Officer of the Company said, “Although oil production volumes increased during the six-month period, the 17% decline in average oil prices has adversely impacted overall revenues.”
The Company currently expects to participate in the drilling and completion of 46 horizontal wells and 1 vertical well at an estimated aggregate cost of approximately $1.0 million for the fiscal year ending March 31, 2026, of which approximately $300,000 has been expended to date. The Company is evaluating other prospects for participation during this fiscal year.
During fiscal 2026, the Company has expended to date, approximately $450,000 for royalty and mineral interest acquisitions in 63 producing wells with additional potential development located in Weld County, Colorado; Caddo Parish, Louisiana; Eddy County, New Mexico; and, Martin and Pecos Counties, Texas.
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.
