Financial Results - Mexco Energy Corporation announced its financial results for the six months ended September 30, 2025[4]. - The report is filed as Exhibit 99.1, which contains detailed financial information[7]. Company Developments - The company issued a news release on November 12, 2025, to announce further development of properties[5].

Financial Performance - For the six months ended September 30, 2025, net cash provided by operating activities was $2,067,549, an increase of $61,144 compared to $2,006,405 for the same period in 2024[67]. - Net income for the six months ended September 30, 2025, was $565,457, down from $608,237 for the same period in 2024[94]. - Revenue from oil and gas sales decreased to $3,379,300 for the six months ended September 30, 2025, from $3,383,909 in 2024, primarily due to a decrease in oil prices[96]. - Oil revenue decreased by 11% to $2,698,042 for the six months ended September 30, 2025, while gas revenue increased by 93.5% to $681,258[96]. - Production costs decreased by 9% to $773,863 for the six months ended September 30, 2025, from $850,825 in 2024[97]. - Depreciation, depletion, and amortization expense increased by 19% to $1,337,917 for the six months ended September 30, 2025, from $1,123,985 in 2024[98]. - General and administrative expenses increased by 4% to $726,701 for the six months ended September 30, 2025, from $701,570 in 2024[99]. - Federal income tax for the six months ended September 30, 2025, was $108,781, down from $171,353 in 2024, with an effective tax rate of 22%[100]. Revenue and Sales - Oil and gas sales revenue for the second quarter of fiscal 2026 was $1,624,566, a 4% decrease from $1,695,853 in the same period of fiscal 2025[89]. - The average price per barrel of oil decreased by 13.5% to $64.74, while gas revenue increased by 85.1% to $322,461 due to a 45.4% increase in average price per mcf to $1.89[89]. Production and Costs - Production costs for the second quarter of fiscal 2026 were $369,093, an 11% decrease from $413,405 in the same period of fiscal 2025[90]. - Mexco's working interest in two completed horizontal wells in the Bone Spring formation was 0.5%, with initial average production rates of 1,497 BOE per day[74]. - The company plans to participate in the drilling of forty-six horizontal wells and one vertical well at an estimated cost of approximately $1,000,000 for the fiscal year ending March 31, 2026[73]. Investments - The company made a $2,000,000 equity investment in a limited liability company, which has returned $401,801 or 20% of the total investment as of September 30, 2025[80]. - The company acquired royalty interests in 12 producing wells for $60,000 and in 25 wells for $26,000, effective September 1, 2025[82]. Market Conditions - The WTI posted price for crude oil on September 30, 2025, was $58.35, while the Henry Hub spot price for natural gas was $3.12 per MMBtu[86]. - The company faces significant market risks due to fluctuations in commodity prices, with oil prices ranging from $53.11 to $76.02 per barrel over the last twelve months[106].

Financial Results - Mexco Energy Corporation announced its financial results for the three months ended June 30, 2025[4] - The financial results include key metrics that will be detailed in the news release filed as Exhibit 99.1[6] Company Developments - The company issued a news release on August 12, 2025, to announce further development of properties[5]

Financial Performance - For the quarter ended June 30, 2025, net income was $241,951, a decrease of 17% from $291,039 for the same quarter in 2024[79] - Revenue from oil and gas sales increased by 4% to $1,754,734 for the quarter ended June 30, 2025, compared to $1,688,056 for the same quarter in 2024[80] - Oil revenue decreased by 7.6% to $1,395,937, while gas revenue increased by 101.9% to $358,797, reflecting a 16.4% increase in oil volume and a 24.6% increase in gas volume[80] - Cash flow from operating activities was $1,363,277 for the three months ended June 30, 2025, an increase of 26.4% from $1,078,614 for the same period in 2024[62] Capital Expenditures and Investments - The company plans to participate in the drilling and completion of 35 horizontal wells at an estimated cost of approximately $1,100,000 for the fiscal year ending March 31, 2026[67] - The company expects to expend approximately $150,000 for the completion of 17 horizontal wells participated in during fiscal 2025[71] - As of June 30, 2025, cash and cash equivalents increased to $2,546,722, with working capital rising to $2,922,683, an increase of $453,019 from March 31, 2025[66] - The company acquired royalty interests in 2 wells for a purchase price of $40,000, effective April 1, 2025[74] Expenses and Costs - Depreciation, depletion, and amortization expense increased by 25% to $675,270 for the first quarter of fiscal 2026, primarily due to increased production volumes[83] - General and administrative expenses rose by 7% to $394,437 for the three months ended June 30, 2025, attributed to higher engineering and accounting fees[84] Market Conditions and Risks - As of June 30, 2025, the largest credit risk associated with a single purchaser was $380,192, representing 44% of total oil and gas receivables[88] - The NYMEX West Texas Intermediate (WTI) crude oil price ranged from $53.11 per barrel in May 2025 to $79.86 per barrel in July 2024, with a current price of $61.09 per barrel[92] - The Henry Hub spot price for natural gas fluctuated between $1.21 per MMBtu in November 2024 and $9.86 per MMBtu in January 2025, currently at $3.26 per MMBtu[92] - A $10 increase or decrease in average oil price for the quarter ended June 30, 2025, would result in a change of $220,100 in oil sales[94] - A $1 increase or decrease in average gas price for the same quarter would lead to a change of $169,905 in natural gas sales[94] - Declines in oil and natural gas prices could materially adversely affect financial condition, liquidity, and operating results[93] - Improvements in oil and gas prices can positively impact financial condition and capital resources[94] - Temporary pipeline capacity constraints in the Permian Basin have adversely affected natural gas prices[90] - Price fluctuations are influenced by global demand, supply levels, production quotas, weather conditions, and political/economic factors[91] - The company has not experienced significant credit losses despite the credit risk associated with oil and gas production[88]

Core Insights - Mexco Energy Corporation reported a net income of $1,712,368, or $0.81 per diluted share, representing a 27% increase compared to fiscal 2024 [1] - Operating revenues for fiscal 2025 were $7,358,066, an 11% increase from fiscal 2024, driven by increased oil and natural gas production volumes [2] Financial Performance - The average realized price for oil was $73.54 per barrel, while the average realized price for natural gas was $1.70 per thousand cubic feet [2] - The estimated present value of proved reserves at March 31, 2025, was approximately $23 million, with proved oil reserves decreasing by 15% to 675 thousand barrels and natural gas reserves decreasing by 4% to 4.360 billion cubic feet [6] Operational Activities - The company participated in the drilling of 35 horizontal wells at a cost of approximately $1,100,000 for fiscal 2025, with 17 wells to be completed this fiscal year [3] - Approximately 31% of fiscal 2025 operating revenues were generated from royalties free of operational costs to Mexco [4] Future Outlook - The company expects to participate in the drilling of 27 and completion of 17 horizontal wells at an estimated cost of approximately $1.2 million for fiscal 2026 [5] - The company has approximately $2.2 million cash on hand and no outstanding indebtedness on its bank line of credit, indicating a strong financial position [7] Acquisitions - Throughout the year, the company acquired various royalty and mineral interests in 840 gross wells for an aggregate purchase price of approximately $2.0 million [7]

Financial Results - Mexco Energy Corporation announced its financial results for the year ended March 31, 2025[4] - The financial results include key metrics that will be detailed in the news release filed as Exhibit 99.1[6] Company Developments - The company issued a news release on June 27, 2025, to further develop its properties[5]

Reserves and Production - As of March 31, 2025, total estimated proved reserves were approximately 1.401 million barrels of oil equivalent (MMBOE), with 48% being oil and 52% natural gas, and a present value of approximately $23 million[16] - Oil contributed approximately 84% of total oil and natural gas sales and 48% of total proved reserves volumes for fiscal 2025[36] - The Delaware Basin properties accounted for approximately 67% of discounted future net cash flows from proved reserves and 65% of gross revenues for fiscal 2025[39] - The Midland Basin properties accounted for approximately 12% of discounted future net cash flows from proved reserves and 14% of gross revenues for fiscal 2025[40] - Oil and gas production for fiscal 2025 was 83,564 barrels of oil and 570,012 Mcf of gas, representing increases of 19% and 13% respectively compared to fiscal 2024[43] Revenue and Sales - Revenues from oil and gas royalty interests accounted for approximately 31% of total operating revenues for fiscal 2025[36] - The company made sales to Company A that accounted for 58% of operating revenues for the year ended March 31, 2025[48] Financial Performance and Risks - As of March 31, 2025, the largest credit risk associated with any single purchaser was $478,863, representing 43% of total oil and gas receivables[217] - The company has not experienced significant credit losses on oil and gas accounts, indicating a low credit risk[49] - If the average oil price had increased or decreased by ten dollars per barrel for fiscal 2025, pretax income would have changed by $835,640[224] - If the average gas price had increased or decreased by one dollar per mcf for fiscal 2025, pretax income would have changed by $570,012[224] Market Conditions - The NYMEX West Texas Intermediate (WTI) crude oil price ranged from a low of $61.73 per barrel to a high of $82.89 per barrel in the last twelve months[221] - The Henry Hub Spot Market Price for natural gas ranged from a low of $1.21 per MMBtu to a high of $9.86 per MMBtu in the last twelve months[221] - On March 31, 2025, the WTI posted price for crude oil was $67.46 per barrel and the Henry Hub spot price for natural gas was $4.11 per MMBtu[222] Strategic Plans - The company plans to optimize cash flows through operating efficiencies and cost reductions, divest non-core assets, and balance capital spending with cash flows to minimize borrowings for fiscal 2026[34] - The company has made significant acquisitions, including a royalty interest purchase for $500,000 covering 4 producing gas units in Texas[20] - The company owns partial interests in approximately 7,500 producing wells across multiple states in the U.S.[42] Industry Environment - The competitive landscape includes major oil and gas companies and independent producers, which may place the company at a competitive disadvantage due to resource limitations[44] - The oil and gas industry is subject to extensive regulation, which may impose new costs and affect operations[50] - The company did not incur any material capital expenditures for remediation or pollution control activities for the year ended March 31, 2025[52]

Group 1 - Mexco Energy Corporation declared a regular annual cash dividend of $0.10 per common share, payable on June 16, 2025, to stockholders of record as of June 2, 2025 [1] - The company is an independent oil and gas entity based in Midland, Texas, primarily focused on the acquisition, exploration, and development of oil and gas properties in the Permian Basin [2] - Dividend payments are determined by the Board of Directors and are influenced by factors such as the company's liquidity, capital resources, operational results, and future expectations [3]

Financial Performance - Mexco Energy Corporation reported a net income of $1,077,370, or $0.51 per diluted share, for the nine months ending December 31, 2024 [1] - Operating revenues for the first nine months of fiscal 2025 were $5,368,327, reflecting a 12% increase compared to the same period in fiscal 2024, driven by higher oil and natural gas production volumes [2] - The net income for the third quarter of fiscal 2025 was $469,133, or $0.22 per diluted share, marking a 36% increase from $345,610, or $0.16 per diluted share, in the third quarter of fiscal 2024 [3] Operational Activities - The company plans to participate in the drilling of 28 and completion of 19 horizontal wells at an estimated total cost of approximately $1.8 million for the fiscal year ending March 31, 2025, with $1.1 million already expended [4] - Mexco Energy has spent approximately $2 million on royalty and mineral interest acquisitions in about 700 producing wells across 37 counties in 9 states [4] Company Overview - Mexco Energy Corporation is an independent oil and gas company based in Midland, Texas, focused on the acquisition, exploration, and development of oil and gas properties primarily in the Permian Basin [5]

Financial Results - Mexco Energy Corporation announced its financial results for the nine months ended December 31, 2023[3]. - The report was filed as Exhibit 99.1, detailing the financial performance and operational updates[5]. Development Updates - The company issued a news release on February 7, 2025, to announce further development of properties[4].