MEXCO ENERGY CORP reported fiscal 2026 results with revenue of $6.55M and net income of $1.31M, both down versus fiscal 2025 as oil volumes and prices weighed on sales despite higher gas production.
Financial Highlights
- Revenue: $6.55M for FY 2026, down from $7.12M in FY 2025 (8%).
- Net income: $1.31M for FY 2026, down from $1.71M in FY 2025 (24%).
- Diluted earnings per share: not provided in Part 2 Item 7/Item 8 and therefore omitted.
Business Highlights
- Revenue decline driven by lower oil prices and slight volume declines; natural gas sales partially offset the fall.
- Production mix shifted toward gas—gas volumes rose about 20% while oil volumes fell roughly 1.7%—increasing the relative contribution from natural gas.
- Operational activity included participation in 58 wells (57 horizontal, 1 vertical) plus numerous royalty wells, with significant activity in the Delaware Basin.
- Company expanded asset base via multiple royalty acquisitions across Texas, New Mexico, Colorado and Louisiana to add low‑cost, long‑lived production.
- Investment and JV momentum: a 2% LLC investment in the Utica/Marcellus returned 25% of capital and increased LLC income by 51% year‑over‑year.
Original SEC Filing:
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