MEXCO ENERGY CORP — Form 8-K
Filed August 12, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Mexco Energy reported net income of $501,065 ($0.24 per diluted share) for Q1 FY2027 ended June 30, 2026, up 107% from $241,951 ($0.12 per share) in Q1 FY2026. Operating revenues rose 13% to $1,983,169 from $1,756,940, driven by 52% higher average oil prices despite 15% production decline and 49% natural gas price drop. The company invested $2.1 million in royalty acquisitions during the quarter and plans $1.8 million in well drilling/completion for the fiscal year, with $620,000 already spent.
Why this rating
Earnings doubled and revenue grew meaningfully; material to tiny $9.5M market cap company. However, driven by commodity prices, not operational excellence; production fell.
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