GlobeNewswire·Nov 12, 2026, 5:28 PM ET

Mexco Energy Corporation Reports Financial Results for First Six Months

Mexco Energy Corporation reported net income of $945,152 ($0.45 per diluted share) for the six months ended September 30, 2026, representing a 67% increase from $565,457 ($0.27 per diluted share) in the prior year period.
Operating revenues reached $4,102,157 for the first six months of fiscal 2027, a 21% increase from $3,386,580 in the same period of fiscal 2026.
Revenue growth was primarily driven by a 43% rise in average oil prices, partially offset by a 23% decline in average natural gas prices & a 7% reduction in oil production.
The company plans to participate in drilling 55 horizontal wells & completing 20 horizontal wells during the fiscal year ending March 31, 2027, at an estimated total cost of $1.8 million, with $900,000 spent to date.
President Tammy McComic stated the company invested approximately $3.2 million in acquiring oil & gas royalty interests during the first six months of fiscal 2027.
Mexco Energy Corporation is an independent oil & gas company based in Midland, Texas, focused on properties in the Permian Basin.

Company: Mexco Energy Corp.
Keywords: NYSE:MXC, Mexco Energy Corp., Mexco Energy Corporation, NYSE American: MXC, Reports Financial Results, First Six Months, independent oil and gascompany