Mexco Energy Q1 net income rises 107% to $501,065, or $0.24 per diluted share
Mexco Energy reported net income of $501,065 for the quarter ended June 30, 2026, up 107% from a year earlier, and operating revenues rose 13% to $1,983,169. Revenue growth came mainly from a 52% higher average oil price, partly offset by a 15% drop in oil production, which matters to shareholders because the company's earnings depend on both prices and output.
Key points
- Net income was $501,065, or $0.24 per diluted share, versus $241,951, or $0.12 per diluted share, in the prior-year quarter.
- Operating revenues were $1,983,169, up 13% from $1,756,940, driven by a 52% increase in average oil price.
- Oil production fell 15% and natural gas production fell 9%, while the average natural gas price fell 49%.
- The company spent approximately $2.1 million on oil and gas royalty property acquisitions, funded from existing cash, and expects drilling and completion costs of approximately $1.8 million for the fiscal year ending March 31, 2027.
The filing
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 August 12, 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.