MEXCO ENERGY CORP (MXC) Form 10-K — Jun 29, 2026
Mexco Energy Corporation reported fiscal 2026 results with total revenue declining 8% to $6.5 million and net income falling 24% to $1.3 million, primarily driven by a 13% decrease in average realized oil prices to $64.25 per barrel. Despite the revenue pressure, the company increased its total proved reserves to 1.44 million barrels of oil equivalent (MMBOE) and benefited from a 31% increase in natural gas production volumes. The company remained active in its acquisition strategy, purchasing royalty and working interests in numerous properties across the Permian and Midland Basins throughout the year.
Key figures
- Revenue
- 6548048
- Net Income
- 1305722
- Cash Position
- 2775976
- Pv10 Value
- 21131000
- Average Gas Price
- 1.86
- Average Oil Price
- 64.25
- Gas Production Mcf
- 681794
- Oil Production Bbls
- 82133
- Proved Reserves BOE
- 1437060
Price after filing
Close on the filing date to close N calendar days later (from $7.46). Historical, not a forecast.
AI analysis
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