Mexco Energy Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $21.7M
- Price
- $10.61
- % Change (Daily % change from the live per-ticker quote feed.)
- +9.04%
- Volume
- 19.3K
About
Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids in the United States. It owns partial interests in wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, South Dakota, and Ohio. It also owns leasehold mineral, royalty, and other interests. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was incorporated in 1972 and is based in Midland, Texas.
Quick stats
Shares outstanding2.0M
Computed float700.6K
Float / shares34.2%
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000066418
Websitehttps://www.mexcoenergy.com
AI Summary
AI-generated1/3
standardbullishearnings
Mexco Energy Corporation Reports Financial Results for First Quarter
Mexco Energy reported fiscal Q1 net income of $501,065, or $0.24 per diluted share, more than doubling the prior year's $0.12 per share figure. Operating revenues increased 13% year-over-year to $1.98 million, primarily driven by a 52% rise in average oil prices.
Production volumes declined, with oil output down 15% and natural gas output down 9%, partially offsetting the positive pricing impact. Additionally, the average natural gas price fell 49% during the period.
The company expects to participate in drilling 53 horizontal wells in fiscal 2027 at an estimated cost of $1.8 million and invested approximately $2.1 million in royalty acquisitions during the quarter.
Red flags
- Oil production decreased 15%
- Natural gas production decreased 9%
- Average natural gas price decreased 49%