Mexco Energy Corporation reported net income of USD 0.62 million for the nine months ended December 31, 2025. Revenue from oil and gas sales reached USD 4.68 million during the same period, representing a 10 percent decrease. The decline in revenue was attributed primarily to lower oil prices and reduced production volumes, partially offset by increased natural gas prices and higher natural gas production volumes. During the period, Mexco Energy Corporation increased its working capital to USD 2.47 million as of March 31, 2025. The company continues to focus on acquiring and developing oil and gas properties with long production life and low operational costs, primarily through participating in royalties and non-operated working interests in areas with significant development potential. For the fiscal year ending March 31, 2026, Mexco Energy Corporation plans to participate in the drilling and completion of 51 wells, with an estimated investment of USD 1.70 million. The majority of these wells are located in the Delaware Basin in New Mexico, with additional projects in Texas counties. Notably, in November 2025, two horizontal wells in the Bone Spring formation of the Delaware Basin were completed, delivering initial average production rates of 1,194 barrels of oil, 2,924 barrels of water, and 1.82 million cubic feet of gas per day.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mexco Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-005981), on February 10, 2026, and is solely responsible for the information contained therein.