Earnings Releases·Nov 12, 2026, 5:28 PM ET

Mexco Energy Corporation — First Six Months of Fiscal 2027 Earnings Summary

Net income rose 67% year-over-year to $945,152 ($0.45 per diluted share), while operating revenues increased 21% to $4,102,157, driven by a 43% rise in average oil prices despite a 7% decline in oil production volume.
The company invested approximately $3.2 million in acquiring oil and gas royalty interests during the period, aligning with its stated strategy to expand royalty portfolios.
Fiscal 2027 guidance targets the participation in drilling 55 horizontal wells and completing 20 horizontal wells, with an estimated aggregate cost of $1.8 million and $900,000 already expended.
Management continues to evaluate additional drilling prospects for the remainder of the fiscal year, though forward-looking statements remain subject to risks including commodity price volatility and production variance.