Quarterly ResultAug 12, 2026, 05:02 PM
Mexco Energy Q1 Net Income $501K, EPS $0.24; Revenues Up
AI Summary
Mexco Energy Corp reported a substantial increase in net income and diluted earnings per share for the three months ended June 30, 2026, driven by higher operating revenues. The company also made significant investments in acquiring new royalty interests totaling over $2 million and outlined plans for substantial capital expenditures in fiscal year 2027 for drilling new wells. Despite a decrease in cash and cash equivalents due to these investments, the company maintained its annual dividend.
Key Highlights
- Net income increased to $501,065 for Q1 2026, up from $241,951 in Q1 2025.
- Diluted EPS rose to $0.24 for Q1 2026, compared to $0.12 for Q1 2025.
- Total operating revenues increased to $1,983,169 in Q1 2026 from $1,756,940 in Q1 2025.
- Acquired royalty interests for $1,028,600 in April 2026 and $1,066,600 in June 2026.
- Planned capital expenditures of approximately $1,300,000 for 53 horizontal wells in fiscal year 2027.
- Declared and paid a regular annual dividend of $0.10 per common share.
- Net cash used in investing activities increased significantly to $2,729,750 from $365,910 YoY.
Price Impact
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