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

Financial Performance:

• Net income for the six months ended September 30, 2026, was $945,152 ($0.45 per diluted share), compared to $565,457 ($0.27 per diluted share) for the same period in 2025, representing a 67% year-over-year increase.
• Operating revenues totaled $4,102,157 for the first six months of fiscal 2027, an increase of 21% from $3,386,580 in the first six months of fiscal 2026.
• Revenue growth was driven by a 43% increase in average oil prices, partially offset by a 23% decrease in average natural gas prices and a 7% decrease in oil production volume.
• The company invested approximately $3.2 million in acquiring oil and gas royalty interests during the first six months of fiscal 2027.

Guidance and Future Outlook:

• The company expects to participate in drilling 55 horizontal wells and completing 20 horizontal wells during the fiscal year ending March 31, 2027.
• The estimated aggregate cost for the planned drilling and completion activities is approximately $1.8 million, with approximately $900,000 expended to date.
• The company continues to evaluate additional drilling prospects for participation for the remainder of the fiscal year.

Business Segments and Product Lines:

• Mexco Energy Corporation operates as an independent oil and gas company engaged in the acquisition, exploration, and development of properties primarily in the Permian Basin.
• The company's strategy includes the ongoing acquisition of oil and gas royalty interests.

Risks and Challenges:

• Forward-looking statements involve risks including production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, and uncertainties regarding reserve estimates.
• Additional risks include competition, government regulation, and mechanical or inherent risks associated with oil and gas production.
• A full discussion of risks is detailed in the Company's Form 10-K for the fiscal year ended March 31, 2026.

Management Commentary and Tone:

• Tammy McComic, President of the Company, highlighted the company's continued investment strategy in acquiring oil and gas royalty interests, noting a $3.2 million investment during the first six months of fiscal 2027.

Other Key Points:

• The press release includes a standard Safe Harbor provision disclaimer under the Private Securities Litigation Reform Act of 1995, stating the company disclaims any intention or obligation to revise forward-looking statements.
• Contact for additional information is Tammy L. McComic, President and Chief Financial Officer, at (432) 682-1119.