The 8% revenue decline and 24% net income drop confirm deteriorating operating performance for this micro-cap E&P. Monitor oil price trends and the company's ability to maintain production levels through its drilling program. The debt-free balance sheet limits downside risk, but absent a recovery in oil prices, further earnings erosion is likely.
Price Chart
Executive Summary
Mexco Energy reported fiscal 2026 annual results with operating revenue of $6.56M (down 8% YoY) and net income of $1.31M (down 24% YoY), driven by lower average realized oil prices and reduced oil production volumes. The company maintains a debt-free balance sheet with $1.4M cash and continues active drilling, but the fundamental decline in top-line and earnings is a clear negative signal for the micro-cap E&P.
Key Financial Metrics
Key Facts
- Operating revenue for fiscal 2026 was $6,561,324, an 8% decrease from fiscal 2025
- Net income was $1,305,722, or $0.64 per diluted share, a 24% decrease from fiscal 2025
- Average realized oil price was $64.25 per barrel; natural gas was $1.86 per thousand cubic feet
- Proved reserves PV10 estimated at ~$21 million; oil reserves down 2% to 659k barrels, gas reserves up 7% to 4.67 Bcf
- Cash on hand ~$1.4 million with no outstanding debt under bank line of credit
- Company participated in 57 horizontal wells and one vertical well at a cost of ~$1.25 million; expects to drill 33 horizontal wells in fiscal 2027
Financial Impact
Revenue declined $570k (8%) and net income fell $412k (24%) YoY; no debt and $1.4M cash provide a buffer but fundamentals are weakening
Risk Factors
- Further decline in oil prices could compress margins and reduce cash flow
- Reduced oil production volumes may continue if drilling program does not offset natural decline
- Small market cap ($15M) and low liquidity amplify price moves on any news
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-030388 |
| Exhibit: ex99-1.htm | 0001493152-26-030388 |
| Document: 0001493152-26-030388-index-headers.html | 0001493152-26-030388 |
| Document: 0001493152-26-030388-index.html | 0001493152-26-030388 |
| Document: 0001493152-26-030388.txt | 0001493152-26-030388 |
| 8-K Data (Synthetic) | 0001493152-26-030388 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 10w ago | Press Release | $9.45 $10.86 | ▲ +14.98% | ▲ +16.73% | $10.29 (+8.95%) |
Jul 30, 2026 12w ago | DEFA14A | $8.81 $9.73 | ▲ +10.44% | ▲ +6.48% | $10.29 (+16.80%) |
Jun 29, 2026 17w ago | Press Release | $7.31 $9.16 | ▼ −25.24% | ▼ −25.52% | $10.29 (−40.77%) |
Jun 29, 2026 17w ago | 8-K | $7.31 $9.16 | ▼ −25.24% | ▼ −25.52% | $10.29 (−40.77%) |
Jun 4, 2026 20w ago | Press Release | $8.81 $8.14 | ▼ −7.62% | ▼ −6.24% | $10.29 (+16.80%) |
Jun 4, 2026 20w ago | 8-K | $8.81 $8.14 | ▼ −7.62% | ▼ −6.24% | $10.29 (+16.80%) |
US Market Status
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