Mexco Energy Corporation Reports Financial Results for first Six Months

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$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]