Mexco Energy (MXC) Q3 2025 earnings summary

Executive summary

• Q3 FY2025 net income rose 36% YoY to $469,133, or $0.22 diluted EPS; nine-month net income was $1,077,370, or $0.51 per diluted share.

• Nine-month operating revenue increased 12% to $5,368,327 as higher production volumes partly offset lower realized prices; lower prices and higher costs pressured operating income.

Financial highlights

• Q3 operating revenue was $1,891,265 vs. $1,656,443 YoY; operating income was $446,381 vs. $512,694.

• Nine-month operating income was $1,231,539 vs. $1,395,868; oil and gas sales rose 11% to $5,212,313 and other operating revenue increased to $156,014 from $105,077.

• Cash was $910,005 at Dec. 31, 2024, down from $2,473,484 at Mar. 31, 2024; working capital was $1,469,195 vs. $3,259,200.

Outlook and guidance

• FY2025 plans included participation in 28 horizontal wells—25 in New Mexico's Delaware Basin and 3 in Grady County, Oklahoma—at estimated cost of ~$1.5 million.

• FY ending Mar. 31, 2025 plans called for drilling 28 horizontal wells and completing 19 at estimated aggregate cost of $1.8 million; $1.1 million had been spent by the release date.

• January 2025 spending included ~$70,000 for drilling six Bone Spring horizontal wells in Lea County, New Mexico; future costs may be funded by cash, operating cash flow, credit-facility borrowings or non-core property sales.