Mexco Energy Corporation Reports Financial Results for First Six Months
Key Highlights
- ➤Net income $945,152, or $0.45 per diluted share, up 67%
- ➤Operating revenue $4.10 million, up 21% year over year
- ➤Mexco expects 55 horizontal wells and 20 completions at $1.8 million
- ➤Royalty-interest investments reached approximately $3.2 million in six months
Expert Statements
Tammy McComic, President and Chief Financial Officer of Mexco Energy Corporation
“During the first six months of fiscal year 2027, we invested approximately $3.2 million in our ongoing investment strategy of acquiring oil and gas royalty interests.”
MIDLAND, TX, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $945,152, or $0.45 per diluted share, for the six months ended September 30, 2026. This compares to net income of $565,457, or $0.27 per diluted share, for the six months ended September 30, 2025, a 67% increase.
Operating revenues in the first six months of fiscal 2027 were $4,102,157, an increase of 21% from $3,386,580 for the first six months of fiscal 2026. This increase was primarily attributable to a 43% increase in average oil price partially offset by a 23% decrease in average natural gas price and a 7% decrease in oil production.
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