Mexco Energy Reports $565,457 Net Income on 2% Revenue Increase for First Six Months
Mexco Energy Corporation reported net income of $565,457, or $0.27 per diluted share, for the six months ending September 30, 2025. Operating revenues for the first six months of fiscal 2026 were $3,548,919, representing a 2% increase compared to the same period in fiscal 2025. The increase in revenues was primarily attributed to higher contributions from a recent limited liability company investment, an increase in average gas prices, and higher oil and natural gas production volumes, partially offset by a decrease in average oil prices. Oil accounted for 76% of the company's operating revenues during this period. Additionally, Mexco has expended approximately $450,000 during fiscal 2026 on royalty and mineral interest acquisitions in 63 producing wells across Colorado, Louisiana, New Mexico, and Texas.
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