Mexco Energy (MXC) Q3 2026 earnings summary

Executive summary

• Q3 FY26 net income fell 89% YoY to $50,245, or $0.02 per diluted share, primarily as lower oil prices and weaker oil and gas sales pressured results.

• Nine-month net income was $615,702, down from $1.08m; revenue declined 8% to $4,932,806.

Financial highlights

• Q3 operating revenue was $1,383,887 vs. $1.89m YoY; operating income was $91,473 vs. $446,381, and diluted EPS was $0.02 vs. $0.22.

• Nine-month operating income was $785,895 vs. $1.23m; diluted EPS was $0.30 vs. $0.51.

• Nine-month oil and gas sales fell 10% to $4.68m; production expense declined 18% to $1.08m, while DD&A rose 14% to $2.00m.

• Nine-month operating cash flow was $2.93m vs. $2.94m; investing cash use was $2.21m vs. $3.67m, and financing cash use was $204,600 vs. $834,575.

Outlook and guidance

• FY26 plans include participation in 50 horizontal wells, plus one vertical well, at estimated cost of ~$1.7m; 45 horizontal wells are in Lea and Eddy Counties, New Mexico.

• A separate FY26 plan cites 50 horizontal wells at estimated aggregate cost of $1.6m, with $0.9m expended to date.

• Oil and gas prices, production estimates, capital expenditures and project timing remain uncertain; interim results may not indicate full-year results.