---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-022514"
form_type: "8-K"
ticker: "MXC"
cik: "0000066418"
company_name: "MEXCO ENERGY CORP"
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T17:23:21.059154+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mexco Energy FY2023 net income $4.66M ($2.11/diluted), revenue $9.56M (+45% YoY)

## Summary
- Net income $4,662,702 ($2.11/diluted) vs $2,855,066 ($1.32) in FY2022, an increase of 63%.
- Operating revenues $9,557,289, up 45% from $6,587,780, driven by 28% production increase and 12% price increase.
- Participated in drilling 54 wells (50 horizontal, 4 vertical) at cost ~$4.2M; expects 26 wells drilled in FY2024 at ~$2.1M.
- Cash on hand $3.27M, no bank debt; profit margin 49%, return on equity 32%.
- Acquired royalty/mineral interests in ~30 wells for ~$120,000; proved reserves PV10 ~$39M.

## SEC filing metadata
- accession: 0001493152-23-022514
- form_type: 8-K
- ticker: MXC
- cik: 0000066418
- company_name: MEXCO ENERGY CORP
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66418/000149315223022514/0001493152-23-022514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66418/000149315223022514/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-022514
- JSON: https://secwatch.observer/filing/0001493152-23-022514.json
- Plain text: https://secwatch.observer/filing/0001493152-23-022514.txt

## Key facts
- Earnings Releases
  MEXCO ENERGY CORP reported the fiscal year ended March 31, 2023 results: revenue $9,557,289, net income $4,662,702, EPS $2.11 per diluted share.
  - Period: the fiscal year ended March 31, 2023
  - Revenue: $9,557,289
  - Net income: $4,662,702
  - EPS: $2.11 per diluted share
  - Result: reported results
  source text: The Company reported net income of $4,662,702 or $2.11 per diluted share, for fiscal year 2023, compared to net income of $2,855,066, or $1.32 per diluted share, for fiscal 2022, an increase of 63%. Operating revenues in fiscal 2023 were $9,557,289, an increase of 45% when compared to fiscal 2022 operating revenues of $6,587,780.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66418/000149315223022514/0001493152-23-022514-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.