Mexco Energy (MXC) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 net income was $1.31 million, or $0.64 per diluted share, down 24% YoY; operating revenues fell 8% to $6.56 million.

• Lower realized oil prices and reduced oil production volumes were partly offset by higher natural gas prices and volumes, plus increased income from an LLC investment.

Financial highlights

• Operating revenues were $6.56 million for the year ended March 31, 2026, down 8% YoY.

• Net income was $1.31 million, or $0.64 per diluted share, down 24% from fiscal 2025.

Outlook and guidance

• Fiscal 2027 plans include drilling and completing 33 horizontal wells and completing 20 wells drilled in fiscal 2026; estimated aggregate cost is $1.8 million, with $500,000 spent to date.

• Additional prospects for fiscal 2027 participation are under evaluation.