Mexco Energy Corporation reported net income of $501,065, or $0.24 per diluted share, for the first quarter ended June 30, 2026, compared to $241,951 in the prior year period. Operating revenues increased 13% to $1,983,169, driven by a 52% rise in average oil prices despite decreases in production volumes and natural gas pricing. The company invested approximately $2.1 million in royalty property acquisitions during the quarter. Management anticipates participating in the drilling of 53 horizontal wells and completing 20 at an estimated aggregate cost of $1.8 million for fiscal year 2027, with $620,000 already expended. Mexco Energy Corporation is an independent oil and gas company engaged in the acquisition, exploration, and development of properties primarily in the Permian Basin.

Mexco Energy Corporation announced its financial results for the fiscal year ended March 31, 2026, and provided updates regarding the further development of its properties. The company is an oil and gas exploration and production company.