MEXCO ENERGY CORP (MXC) Form 8-K — Jun 29, 2026
Mexco Energy Corporation reported a 24% decrease in net income to $1.3 million, or $0.64 per diluted share, for the fiscal year ended March 31, 2026, alongside an 8% drop in operating revenues to $6.6 million. The declines were attributed to lower average realized oil prices and reduced oil production volumes, partially offset by higher natural gas prices and increased investment income. The company remains active in its operations, participating in 58 wells during the fiscal year and planning for 33 new horizontal wells and 20 completions in the current year with an estimated cost of $1.8 million.
Key figures
- Eps
- 0.64
- Revenue
- 6561324
- Net Income
- 1305722
- Cash Position
- 1400000
- Acquisitions cost usd
- 800000
- Avg gas price per mcf
- 1.86
- Avg oil price per bbl
- 64.25
- Proved reserves pv usd
- 21000000
- Net development cost fiscal2026 usd
- 1250000
Price after filing
Close on the filing date to close N calendar days later (from $7.46). Historical, not a forecast.
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