The strong earnings beat on higher oil prices is a positive catalyst for this micro-cap E&P, but the 15% oil and 9% gas production declines signal depletion risk. Monitor upcoming quarterly production reports and the pace of the 53-well drilling program to assess whether the acquisition strategy can offset organic decline.
Price Chart
Executive Summary
Mexco Energy reported Q1 FY2027 net income of $501,065 ($0.24/diluted share), a 107% YoY increase from $241,951 ($0.12/share), on operating revenues of $1,983,169 (+13% YoY). The earnings beat was driven by a 52% increase in average oil prices, partially offset by lower production volumes and a 49% drop in natural gas prices. The company plans to participate in 53 horizontal wells and 20 completions at an estimated cost of $1.8 million for FY2027, with $620,000 already spent, and invested $2.1 million in royalty property acquisitions during the quarter.
Key Financial Metrics
Key Facts
- Net income $501,065 ($0.24/diluted) vs $241,951 ($0.12) YoY, a 107% increase
- Operating revenues $1,983,169, up 13% from $1,756,940 YoY
- Average oil price up 52% YoY; oil production down 15%, natural gas production down 9%
- Average natural gas price down 49% YoY
- Plans to participate in 53 horizontal wells and 20 completions at ~$1.8M aggregate cost in FY2027
- Invested $2.1M in oil and gas royalty property acquisitions funded from existing cash
Financial Impact
Net income doubled YoY to $501K on 13% revenue growth; $2.1M in property acquisitions funded from cash
Risk Factors
- Oil and gas price volatility — a 49% drop in natural gas prices already pressured revenue
- Production declines of 15% (oil) and 9% (gas) YoY, indicating reserve depletion
- Micro-cap ($19M market cap) with limited liquidity — price moves may be amplified
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3344123 |
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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