Mexco Energy (MXC) Q2 2026 earnings summary

Executive summary

• Q2 FY26 net income was $323,506 ($0.16 diluted EPS) vs. $317,198 ($0.15) YoY; first-half net income was $565,457 ($0.27 diluted EPS).

• First-half operating revenue rose 2% YoY to $3,548,919; Q2 revenue was $1,734,743.

Financial highlights

• Q2 operating income was $362,696 vs. $409,196 YoY; first-half operating income was $694,422 vs. $785,158.

• Q2 oil and gas sales fell 4% to $1.625M; first-half sales were $3.379M vs. $3.384M.

• Q2 other revenue rose 106% to $110,177; first-half other revenue increased 82% to $169,619, driven by LLC investment income.

• Cash was $2.747M at September 30, 2025, vs. $1.754M at March 31; working capital was $3.282M vs. $2.470M.

Outlook and guidance

• FY26 plans include participation in 46 horizontal wells and 1 vertical well at estimated aggregate cost of ~$1.0M; ~$300,000 had been spent to date.

• An additional ~$150,000 is expected to complete 17 horizontal wells drilled during FY25; additional FY26 prospects are under evaluation.

• Funding is expected primarily from cash and operating cash flow; credit-facility borrowings or non-core asset sales are potential alternatives.