UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of Report: August 12, 2025 (Date of earliest event reported) Mexco Energy Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (Commission File Number) CO 1-31785 84-0627918 (IRS Employer Identification Number) 415 W. Wall Street, Suite 475 79701 Midland, TX (Zip Code) (Address ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _________ Commission File No. 1-31785 MEXCO ENERGY CORPORATION (Exact name of registrant as specified in its charter) Colorado 84-0627918 (State or other juri ...

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].

Financial Performance - For the quarter ended December 31, 2024, net income was $469,133, an increase from $345,610 in the same quarter of 2023, driven by higher operating revenues from increased oil and gas production volumes[94]. - Revenue from oil and gas sales for the third quarter of fiscal 2025 was $1,828,404, a 14% increase from $1,610,595 in the same period of fiscal 2024, attributed to increased production volumes despite lower prices[95]. - Oil revenue for the nine months ended December 31, 2024, was $4,595,585, a 17.3% increase from $3,916,792 in the same period of 2023, with production volumes rising by 21.4%[104]. - Average oil price per barrel decreased by 3.3% to $74.50 for the nine months ended December 31, 2024, compared to $77.06 in the same period of 2023[104]. Cash Flow and Working Capital - Working capital decreased from $3,259,200 at March 31, 2024, to $1,469,195 at December 31, 2024, a decrease of $1,790,005[65]. - Net cash provided by operating activities for the nine months ended December 31, 2024, was $2,941,115, down from $3,374,717 in the same period of 2023, a decrease of $433,602[66]. - The company recorded a decrease in net cash of $1,563,479, leaving cash and cash equivalents of $910,005 as of December 31, 2024[70]. - The company has no off-balance sheet debt or unrecorded obligations as of December 31, 2024[93]. - The company plans to fund future projects through existing cash balances, cash flow from operations, and potential borrowings on the credit facility[88]. Investment Activities - Net cash used in investing activities increased to $3,670,019 for the nine months ended December 31, 2024, compared to $1,365,030 for the same period in 2023, an increase of $2,304,989[68]. - The company plans to participate in the drilling and completion of 28 horizontal wells at an estimated cost of approximately $1,500,000 for the fiscal year ending March 31, 2025[71]. - The company acquired royalty interests in 21 producing wells for $158,000 in April 2024 and additional interests in various wells for a total of $1,476,000 in subsequent months[82][83][84][85][86]. Production and Costs - Initial average production rates for five horizontal wells in the Bone Spring formation were 1,106 barrels of oil, 2,583 barrels of water, and 1,165,000 cubic feet of gas per day, or 1,300 BOE per day[72]. - Production costs for the nine months ended December 31, 2024, were $1,311,066, a 15% increase from $1,143,116 in the same period of 2023, due to higher production taxes and operating expenses[107]. - Depreciation, depletion, and amortization expense increased by 39% to $1,760,409 for the nine months ended December 31, 2024, from $1,268,703 in the same period of 2023[108]. - General and administrative expenses rose by 6% to $1,042,084 for the nine months ended December 31, 2024, compared to $981,664 in the same period of 2023, primarily due to increased contract services[109]. Tax and Interest - The effective tax rate for the nine months ended December 31, 2024, was 16%, down from 27% in the same period of 2023, mainly due to a decrease in state income taxes[110]. - Interest income on corporate funds decreased to $50,891 for the nine months ended December 31, 2024, from $86,995 in the same period of 2023, as funds were used for property acquisitions[106]. Market Risks - The company faces significant market risks from fluctuations in commodity prices, with oil prices ranging from $61.73 to $82.89 per barrel over the last twelve months[116]. - The WTI posted price for crude oil on December 31, 2024, was $67.70, while the Henry Hub spot price for natural gas was $3.40 per MMBtu[91].

Financial Performance - Mexco Energy Corporation reported net income of $608,237, or $0.29 per diluted share, for the six months ending September 30, 2024 [1] - Operating revenues for the first six months of fiscal 2025 were $3,477,062, reflecting a 10% increase compared to the same period in fiscal 2024, driven by higher oil and natural gas production volumes and increased average oil prices, despite a decrease in average natural gas prices [2] - For the second quarter of fiscal 2025, net income was $317,198, or $0.15 per diluted share, compared to $269,433, or $0.12 per diluted share for the same quarter in the previous year, with operating revenues of $1,749,227 [3] Operational Activities - The company plans to participate in the drilling of 30 and completion of 19 horizontal wells at an estimated total cost of approximately $2.3 million for the fiscal year ending March 31, 2025, with about $890,000 already expended [4] - Mexco Energy has spent approximately $1.5 million on royalty and mineral interest acquisitions in around 600 producing wells, with potential development in 37 counties across 9 states during fiscal 2025 [5] 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 [6]