Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,300 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Ohio, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, and North Dakota. As of March 31, 2020, the company's total estimated proved reserves were approximately 1.816 million barrels of oil equivalent. It also owned leasehold mineral and royalty interests in approximately 3,402 net acres. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was founded in 1972 and is based in Midland, Texas.
IPO Year: 2003
Exchange: AMEX
Website: mexcoenergy.com
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4/A - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
4 - MEXCO ENERGY CORP (0000066418) (Issuer)
MIDLAND, TX, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $608,237, or $0.29 per diluted share, for the six months ending September 30, 2024. Operating revenues in the first six months of fiscal 2025 were $3,477,062, an increase of 10% when compared to the first six months of fiscal 2024. This increase was primarily due to an increase in oil and natural gas production volumes and an increase in average oil prices partially offset by a decrease in average natural gas prices. Oil contributed 87% of our operating revenues for the first six months of fiscal 2025. Net income of $317,198, or $0.15 per diluted share, for the Company's second
MIDLAND, TX, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $291,039, or $0.14 per diluted share, for the quarter ending June 30, 2024, the Company's first quarter of fiscal 2025. Operating revenues in the first quarter of fiscal 2025 were $1,727,835, a decrease of 1% from the first quarter of fiscal 2024. This was primarily due to a 36% decrease in the average sales price of natural gas and a 3.5% decrease in oil and natural gas production partially offset by a 9% increase in the average sales price of oil. Oil contributed 87% of our operating revenues for the first quarter of fiscal 2025. The Company currently expects to participate i
MIDLAND, TX, June 27, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2024. The Company reported net income of $1,344,952, or $0.64 per diluted share, and operating revenues of $6,604,884 for fiscal 2024. For the year ended March 31, 2024, the average realized price for oil was $76.40 per barrel and the average realized price for natural gas was $2.22 per thousand cubic feet. The Company participated in the drilling of 52 wells consisting of 51 horizontal wells and 1 vertical well at a cost of approximately $2,300,000 for the fiscal year endi
MIDLAND, TX, April 30, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) announced today that its Board of Directors declared a regular annual cash dividend of $0.10 per common share. The dividend is payable June 4, 2024 to the stockholders of record at the close of business on May 21, 2024. The Company's Board of Directors also authorized the use of up to $1,000,000 to repurchase shares of the Company's common stock, par value $0.50, for the treasury account. This authorization replaces the previously authorized $1,000,000 common stock repurchase program which had $414,964 remaining at the time it was replaced. During the year ended March 31, 2024, the Company repurchased 50,1
MIDLAND, TX, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $345,610, or $0.16 per diluted share, for the Company's third quarter of fiscal 2024, an increase of 28% compared to $269,433, or $0.12 per diluted share, for the second quarter of fiscal 2024. Operating revenues in the third quarter of fiscal 2024 were $1,656,443. The average sales price of oil and natural gas for the three months ending December 31, 2023 was $78.65 per barrel and $1.82 per Mcf, respectively. Net income for the nine months ending December 31, 2023 was $1,080,657, or $0.50 per diluted share, a decrease of 71% compared with the same nine-month period of fiscal 20
MIDLAND, TX, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income for the six months ending September 30, 2023 was $735,047, or $0.34 per diluted share, a decrease of 71% compared to the same six-month period of fiscal 2023. Operating revenues in the first six months of fiscal 2024 decreased 34% to $3,155,029. This decrease resulted from a 26% decrease in the average sales price of oil and a 68% decrease in the average sales price of natural gas. This was partially offset by a 7% increase in barrels of oil equivalent ("BOE") production volumes. Oil contributed 82% of our operating revenues for the first six months of fiscal 2024. Net income of $2
MIDLAND, TX, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $465,614, or $0.21 per diluted share, for the quarter ending June 30, 2023, compared to $1,298,672 or $0.59 per diluted share, for the comparable quarter ending June 30, 2022. Operating revenues in the first quarter of fiscal 2024 were $1,748,419, a decrease of 29% from the first quarter of fiscal 2023. This was due to a 33% decrease in the average sales price of oil and a 69% decrease in the average sales price of natural gas. This was partially offset by a 37% increase in oil production and a 9% increase in natural gas production. Oil contributed 82% of our operating revenues
MIDLAND, TX, June 26, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2023. The Company reported net income of $4,662,702 or $2.11 per diluted share, for fiscal year 2023, compared to net income of $2,855,066, or $1.32 per diluted share, for fiscal 2022, an increase of 63%. Operating revenues in fiscal 2023 were $9,557,289, an increase of 45% when compared to fiscal 2022 operating revenues of $6,587,780. This is the result of a 28% increase in barrels of oil equivalent ("BOE") production and a 12% increase in BOE prices. The Company participated in
MIDLAND, TX, April 10, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) announced today that its Board of Directors declared a special cash dividend of $0.10 per common share. The special dividend is payable May 15, 2023 to the stockholders of record at the close of business on May 1, 2023. The Company's Board of Directors also authorized the use of up to $1,000,000 to repurchase shares of the Company's common stock, par value $0.50, for the treasury account. This authorization replaces the previously authorized $250,000 common stock repurchase program which had $5,506 remaining at the time it was replaced. During the year ended March 31, 2023, the Company repurchased 18,416 s
MIDLAND, TX, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $1,244,785, or $0.56 per diluted share, for the Company's third quarter of fiscal 2023 compared with $753,302, or $0.35 per diluted share, for the third quarter of fiscal 2022. Operating revenues in the third quarter of fiscal 2023 were $2,581,210. The average sales price of oil and natural gas for the three months ending December 31, 2022 was $82.15 per barrel and $5.04 per Mcf, respectively. Net income for the nine months ending December 31, 2022 was $3,755,173, or $1.70 per diluted share, an increase of 102% compared with the same nine-month period of fiscal 2022. Operating r
8-K - MEXCO ENERGY CORP (0000066418) (Filer)
10-Q - MEXCO ENERGY CORP (0000066418) (Filer)
8-K - MEXCO ENERGY CORP (0000066418) (Filer)
8-K - MEXCO ENERGY CORP (0000066418) (Filer)
10-Q - MEXCO ENERGY CORP (0000066418) (Filer)
DEF 14A - MEXCO ENERGY CORP (0000066418) (Filer)
8-K - MEXCO ENERGY CORP (0000066418) (Filer)
10-K - MEXCO ENERGY CORP (0000066418) (Filer)
8-K - MEXCO ENERGY CORP (0000066418) (Filer)
8-K - MEXCO ENERGY CORP (0000066418) (Filer)
MIDLAND, TX, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $608,237, or $0.29 per diluted share, for the six months ending September 30, 2024. Operating revenues in the first six months of fiscal 2025 were $3,477,062, an increase of 10% when compared to the first six months of fiscal 2024. This increase was primarily due to an increase in oil and natural gas production volumes and an increase in average oil prices partially offset by a decrease in average natural gas prices. Oil contributed 87% of our operating revenues for the first six months of fiscal 2025. Net income of $317,198, or $0.15 per diluted share, for the Company's second
MIDLAND, TX, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $291,039, or $0.14 per diluted share, for the quarter ending June 30, 2024, the Company's first quarter of fiscal 2025. Operating revenues in the first quarter of fiscal 2025 were $1,727,835, a decrease of 1% from the first quarter of fiscal 2024. This was primarily due to a 36% decrease in the average sales price of natural gas and a 3.5% decrease in oil and natural gas production partially offset by a 9% increase in the average sales price of oil. Oil contributed 87% of our operating revenues for the first quarter of fiscal 2025. The Company currently expects to participate i
MIDLAND, TX, June 27, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2024. The Company reported net income of $1,344,952, or $0.64 per diluted share, and operating revenues of $6,604,884 for fiscal 2024. For the year ended March 31, 2024, the average realized price for oil was $76.40 per barrel and the average realized price for natural gas was $2.22 per thousand cubic feet. The Company participated in the drilling of 52 wells consisting of 51 horizontal wells and 1 vertical well at a cost of approximately $2,300,000 for the fiscal year endi
MIDLAND, TX, April 30, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) announced today that its Board of Directors declared a regular annual cash dividend of $0.10 per common share. The dividend is payable June 4, 2024 to the stockholders of record at the close of business on May 21, 2024. The Company's Board of Directors also authorized the use of up to $1,000,000 to repurchase shares of the Company's common stock, par value $0.50, for the treasury account. This authorization replaces the previously authorized $1,000,000 common stock repurchase program which had $414,964 remaining at the time it was replaced. During the year ended March 31, 2024, the Company repurchased 50,1
MIDLAND, TX, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $345,610, or $0.16 per diluted share, for the Company's third quarter of fiscal 2024, an increase of 28% compared to $269,433, or $0.12 per diluted share, for the second quarter of fiscal 2024. Operating revenues in the third quarter of fiscal 2024 were $1,656,443. The average sales price of oil and natural gas for the three months ending December 31, 2023 was $78.65 per barrel and $1.82 per Mcf, respectively. Net income for the nine months ending December 31, 2023 was $1,080,657, or $0.50 per diluted share, a decrease of 71% compared with the same nine-month period of fiscal 20
MIDLAND, TX, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income for the six months ending September 30, 2023 was $735,047, or $0.34 per diluted share, a decrease of 71% compared to the same six-month period of fiscal 2023. Operating revenues in the first six months of fiscal 2024 decreased 34% to $3,155,029. This decrease resulted from a 26% decrease in the average sales price of oil and a 68% decrease in the average sales price of natural gas. This was partially offset by a 7% increase in barrels of oil equivalent ("BOE") production volumes. Oil contributed 82% of our operating revenues for the first six months of fiscal 2024. Net income of $2
MIDLAND, TX, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $465,614, or $0.21 per diluted share, for the quarter ending June 30, 2023, compared to $1,298,672 or $0.59 per diluted share, for the comparable quarter ending June 30, 2022. Operating revenues in the first quarter of fiscal 2024 were $1,748,419, a decrease of 29% from the first quarter of fiscal 2023. This was due to a 33% decrease in the average sales price of oil and a 69% decrease in the average sales price of natural gas. This was partially offset by a 37% increase in oil production and a 9% increase in natural gas production. Oil contributed 82% of our operating revenues
MIDLAND, TX, June 26, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2023. The Company reported net income of $4,662,702 or $2.11 per diluted share, for fiscal year 2023, compared to net income of $2,855,066, or $1.32 per diluted share, for fiscal 2022, an increase of 63%. Operating revenues in fiscal 2023 were $9,557,289, an increase of 45% when compared to fiscal 2022 operating revenues of $6,587,780. This is the result of a 28% increase in barrels of oil equivalent ("BOE") production and a 12% increase in BOE prices. The Company participated in
MIDLAND, TX, April 10, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) announced today that its Board of Directors declared a special cash dividend of $0.10 per common share. The special dividend is payable May 15, 2023 to the stockholders of record at the close of business on May 1, 2023. The Company's Board of Directors also authorized the use of up to $1,000,000 to repurchase shares of the Company's common stock, par value $0.50, for the treasury account. This authorization replaces the previously authorized $250,000 common stock repurchase program which had $5,506 remaining at the time it was replaced. During the year ended March 31, 2023, the Company repurchased 18,416 s
MIDLAND, TX, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $1,244,785, or $0.56 per diluted share, for the Company's third quarter of fiscal 2023 compared with $753,302, or $0.35 per diluted share, for the third quarter of fiscal 2022. Operating revenues in the third quarter of fiscal 2023 were $2,581,210. The average sales price of oil and natural gas for the three months ending December 31, 2022 was $82.15 per barrel and $5.04 per Mcf, respectively. Net income for the nine months ending December 31, 2022 was $3,755,173, or $1.70 per diluted share, an increase of 102% compared with the same nine-month period of fiscal 2022. Operating r
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The President and Chief Financial Officer of the Company said, "We have approximately $2.4 million cash on hand, no outstanding indebtedness on our bank line of credit and are actively seeking opportunities."
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