Mexco Energy Corporation Reports Financial Results for Third Quarter

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$469,133, or $0.22 per diluted share, marking a 36$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]