MEXCO ENERGY CORPORATION ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
Financial Performance: Mexico Energy Corporation reported its financial results for the third quarter, highlighting key metrics and performance indicators.
Revenue and Profit Trends: The report detailed trends in revenue and profit, showcasing growth or decline compared to previous quarters.
Operational Highlights: Significant operational achievements and challenges faced during the quarter were outlined, providing insight into the company's performance.
Future Outlook: The report included projections and expectations for the upcoming quarters, indicating strategic plans and market conditions.
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MEXCO ENERGY CORPORATION ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
Financial Performance: Mexico Energy Corporation reported its financial results for the third quarter, highlighting key metrics and performance indicators.
Revenue and Profit Trends: The report detailed trends in revenue and profit, showcasing growth or decline compared to previous quarters.
Operational Highlights: Significant operational achievements and challenges faced during the quarter were outlined, providing insight into the company's performance.
Future Outlook: The report included projections and expectations for the upcoming quarters, indicating strategic plans and market conditions.
Mexco Energy Corporation Announces Financial Performance for the First Half of the Year
Financial Performance: Mexco Energy Corporation reported a net income of $565,457 for the first six months of fiscal 2026, with operating revenues increasing by 2% compared to the previous year, primarily due to higher gas prices and production volumes, despite a decline in average oil prices.
Quarterly Results: In the second quarter of fiscal 2026, the company achieved a net income of $323,506, slightly up from $317,198 in the same quarter of the previous year, with operating revenues of $1,734,743.
Future Investments: The company plans to participate in the drilling of 46 horizontal wells and 1 vertical well at an estimated cost of $1.0 million for the fiscal year ending March 31, 2026, with $300,000 already spent.
Acquisitions and Risks: Mexco has invested approximately $450,000 in royalty and mineral interest acquisitions across several states, while also cautioning about various risks that could affect future operations, including price volatility and exploration uncertainties.
Mexco Energy Posts 5 Percent Gain in Q1
Revenue and Income Performance: Mexco Energy reported a 5% increase in revenue to $1.81 million for Q1 FY2026, driven by a 21% rise in oil and gas production; however, net income fell by 17% to $241,951 due to a significant drop in realized oil prices.
Operational Focus and Future Plans: The company is concentrating on reserve replacement and plans to participate in 35 new horizontal wells this fiscal year, while also managing its financial structure and maintaining a debt-free status amidst ongoing commodity price challenges.
Mexco Energy Corporation Reports Financial Results for First Quarter
Financial Performance: Mexco Energy Corporation reported a net income of $241,951 for Q1 of fiscal 2026, a 17% decrease from the previous year, despite a 5% increase in operating revenues due to higher production volumes and natural gas prices.
Future Plans: The company plans to drill 35 horizontal wells at an estimated cost of $1.2 million for the fiscal year ending March 31, 2026, while also facing risks related to oil and gas price volatility and production uncertainties.
Mexco Energy Corporation Reports 27% Increase in Net Income for Fiscal Year 2025
Financial Performance: Mexco Energy Corporation reported a net income of $1.71 million for fiscal 2025, an increase of 27% from the previous year, with operating revenues rising by 11% to $7.36 million due to higher production despite lower oil prices.
Operational Highlights: The company participated in drilling 35 horizontal wells and plans to continue this trend in fiscal 2026, while also acquiring various royalty and mineral interests across multiple states, maintaining a strong cash position of $2.2 million with no debt.
Mexco Energy Corporation Declares Dividend on Common Shares
Dividend Announcement: Mexco Energy Corporation has declared a regular annual cash dividend of $0.10 per common share, payable on June 16, 2025, to stockholders of record by June 2, 2025.
Company Overview: Mexco Energy is an independent oil and gas company based in Midland, Texas, focused on the acquisition, exploration, and development of properties primarily in the Permian Basin.
MEXCO ENERGY CORPORATION ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
Financial Performance: Mexico Energy Corporation reported its financial results for the third quarter, highlighting key metrics and performance indicators.
Revenue and Profit Trends: The report detailed trends in revenue and profit, showcasing growth or decline compared to previous quarters.
Operational Highlights: Significant operational achievements and challenges faced during the quarter were outlined, providing insight into the company's performance.
Future Outlook: The report included projections and expectations for the upcoming quarters, indicating strategic plans and market conditions.
Mexco Energy Corporation Announces Financial Performance for the First Half of the Year
Financial Performance: Mexco Energy Corporation reported a net income of $565,457 for the first six months of fiscal 2026, with operating revenues increasing by 2% compared to the previous year, primarily due to higher gas prices and production volumes, despite a decline in average oil prices.
Quarterly Results: In the second quarter of fiscal 2026, the company achieved a net income of $323,506, slightly up from $317,198 in the same quarter of the previous year, with operating revenues of $1,734,743.
Future Investments: The company plans to participate in the drilling of 46 horizontal wells and 1 vertical well at an estimated cost of $1.0 million for the fiscal year ending March 31, 2026, with $300,000 already spent.
Acquisitions and Risks: Mexco has invested approximately $450,000 in royalty and mineral interest acquisitions across several states, while also cautioning about various risks that could affect future operations, including price volatility and exploration uncertainties.
Mexco Energy Posts 5 Percent Gain in Q1
Revenue and Income Performance: Mexco Energy reported a 5% increase in revenue to $1.81 million for Q1 FY2026, driven by a 21% rise in oil and gas production; however, net income fell by 17% to $241,951 due to a significant drop in realized oil prices.
Operational Focus and Future Plans: The company is concentrating on reserve replacement and plans to participate in 35 new horizontal wells this fiscal year, while also managing its financial structure and maintaining a debt-free status amidst ongoing commodity price challenges.
Mexco Energy Corporation Reports Financial Results for First Quarter
Financial Performance: Mexco Energy Corporation reported a net income of $241,951 for Q1 of fiscal 2026, a 17% decrease from the previous year, despite a 5% increase in operating revenues due to higher production volumes and natural gas prices.
Future Plans: The company plans to drill 35 horizontal wells at an estimated cost of $1.2 million for the fiscal year ending March 31, 2026, while also facing risks related to oil and gas price volatility and production uncertainties.
Mexco Energy Corporation Reports 27% Increase in Net Income for Fiscal Year 2025
Financial Performance: Mexco Energy Corporation reported a net income of $1.71 million for fiscal 2025, an increase of 27% from the previous year, with operating revenues rising by 11% to $7.36 million due to higher production despite lower oil prices.
Operational Highlights: The company participated in drilling 35 horizontal wells and plans to continue this trend in fiscal 2026, while also acquiring various royalty and mineral interests across multiple states, maintaining a strong cash position of $2.2 million with no debt.
Mexco Energy Corporation Declares Dividend on Common Shares
Dividend Announcement: Mexco Energy Corporation has declared a regular annual cash dividend of $0.10 per common share, payable on June 16, 2025, to stockholders of record by June 2, 2025.
Company Overview: Mexco Energy is an independent oil and gas company based in Midland, Texas, focused on the acquisition, exploration, and development of properties primarily in the Permian Basin.
