Mexco Energy Corporation Reports 5% Increase in Revenues and 17% Decrease in Net Income for Q1 Fiscal 2026
Mexco Energy Corporation (NYSE American: MXC) announced its financial results for the first quarter of fiscal 2026, ending June 30, 2025. The company reported a net income of $241,951, or $0.12 per diluted share. This marks a 17% decrease compared to the net income of $291,039, or $0.14 per diluted share, for the same period in 2024. Operating revenues for the first quarter of fiscal 2026 were $1.81 million, reflecting a 5% increase from $1.73 million in the first quarter of fiscal 2025. This increase was driven by a 16% rise in oil production volumes, a 25% increase in natural gas production volumes, a 62% increase in the average natural gas price, and a 49% rise in revenues from the company's investment in a limited liability company. These gains were partially offset by a 21% decrease in the average oil price. The company also shared its outlook for the fiscal year ending March 31, 2026, expecting to participate in the drilling of 35 and completion of 17 horizontal wells, with an estimated aggregate cost of approximately $1.2 million. To date, about $350,000 has been expended. Mexco Energy Corporation is evaluating additional prospects for participation during this fiscal year. The company, located in Midland, Texas, focuses on the acquisition, exploration, and development of oil and gas properties primarily in the Permian Basin.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mexco Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-023202), on August 12, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.