Mexco Energy FY26 net income drops 24% to $1.31 million; revenue falls 8% to $6.56 million

Mexco Energy Corporation

Mexco Energy Corporation

MXC

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  • Mexco Energy posts fiscal 2026 net income of USD 1.31 million, down 24%, with diluted EPS of USD 0.64.
  • Operating revenues fall 8% to USD 6.56 million on lower realized oil prices and reduced oil volumes, partly offset by stronger gas pricing and volumes.
  • Average realized oil price slips to USD 64.25 per barrel; natural gas averages USD 1.86 per thousand cubic feet.
  • Participated in 58 wells for about USD 1.25 million; about 49% of operating revenues came from royalties, free of operating costs.
  • Targets 33 horizontal wells plus completion of 20 drilled in fiscal 2026, with estimated aggregate cost of about USD 1.8 million; cash stands near USD 1.4 million with no bank-line borrowings.


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