Mexco Energy Reports 27% Increase in Net Income for Fiscal 2025; Oil and Gas Sales Rise 10%

Reuters
28 Jun
Mexco Energy Reports 27% Increase in Net Income for Fiscal 2025; Oil and Gas Sales Rise 10%

Mexco Energy Corporation has reported a 27% increase in net income for the fiscal year ending March 31, 2025, reaching $1.7 million compared to $1.3 million in the previous year. This growth was primarily driven by a rise in operating revenues, although partially offset by increased operating expenses. The company's revenue from oil and natural gas sales increased by 10% to $7.1 million, up from $6.5 million the previous fiscal year. This rise was attributed to higher production volumes, despite a decrease in oil and natural gas prices. Mexco Energy Corporation continues to participate in various projects and is evaluating additional opportunities, with funding anticipated to come from existing cash balances, operational cash flow, and potentially through borrowings on the credit facility or sales of non-core properties. The company noted that crude oil and natural gas prices remained volatile over the past year, making future price movements difficult to predict.

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