Revenue and earnings declined on lower oil prices and reduced volumes. With no debt and $1.4M cash, the company is positioned for modest capex. Monitor FY2027 quarterly updates for production ramp and oil price realizations — the 20 wells drilled in FY2026 awaiting completion are the key catalyst.
Price Chart
Executive Summary
Mexco Energy Corp. reported fiscal 2026 annual results: net income of $1.3M ($0.64/diluted share) on $6.56M revenue, both down 24% and 8% YoY respectively, driven by lower oil prices and reduced production volumes. The company maintains a clean balance sheet with $1.4M cash and no debt, and plans $1.8M in drilling capex for fiscal 2027.
Key Financial Metrics
Key Facts
- Fiscal 2026 net income $1,305,722 ($0.64/diluted share), down 24% YoY
- Operating revenues $6,561,324, down 8% YoY
- Average realized oil price $64.25/bbl; natural gas $1.86/Mcf
- Cash on hand $1.4M; no bank debt outstanding
- Fiscal 2027 drilling capex plan ~$1.8M (33 horizontal wells + 20 completions)
- Proved reserves: oil -2% (659K bbl), natural gas +7% (4.67 Bcf)
- PV-10 of proved reserves ~$21M
Financial Impact
Revenue -8% YoY, net income -24% YoY; $1.8M capex plan for FY2027
Risk Factors
- Continued low oil prices ($64/bbl) could further compress margins
- Small market cap ($15M) amplifies volatility from any single-well outcome
- Dependence on Permian Basin operators for well completion timing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3318783 |
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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