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AI brief of an SEC Form 8-K · MEXCO ENERGY CORP (MXC)

Mexco Energy reports fiscal 2026 net income down 24% and revenue down 8%

Negative Impact 3 of 5 earnings Written later

Mexco Energy Corporation reported results for the fiscal year ended March 31, 2026, in a June 29, 2026 news release furnished under Item 2.02. Net income fell 24% from fiscal 2025 and operating revenues fell 8%, which the company attributed mainly to lower average realized oil prices and reduced oil production volumes.

Key points

  • Net income of $1,305,722, or $0.64 per diluted share, down 24% from fiscal 2025
  • Operating revenues of $6,561,324, down 8%, driven by lower oil prices and reduced oil production
  • Cash on hand of approximately $1.4 million and no outstanding debt under the bank line of credit
  • Company expects to participate in 33 horizontal wells in fiscal 2027, at an estimated aggregate cost of approximately $1.8 million

The filing

CompanyMEXCO ENERGY CORP (MXC)
Form8-K, current report
Filed with the SECJun 29, 2026, 6:14 AM ET
Accession number0001493152-26-030388

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.