{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-027634","form_type":"8-K","ticker":"MXC","cik":"0000066418","company_name":"MEXCO ENERGY CORP","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.417321+00:00","generated_at":"2026-06-11T19:46:11.559525+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Mexco Energy Q1 net income falls 64% to $466k; revenue down 29%","bullets":["Net income of $465,614 ($0.21/diluted share) vs $1,298,672 ($0.59) in prior-year quarter.","Operating revenue $1.75M, down 29% YoY; average oil price -33%, natural gas price -69%.","Oil production +37%, natural gas production +9%; oil contributed 82% of revenues.","Plans to participate in 40 horizontal wells and complete 21 from prior year; estimated $2.2M spend.","Cash on hand $2.6M, no bank debt; evaluating increased opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-027634","json":"https://secwatch.observer/filing/0001493152-23-027634.json","markdown":"https://secwatch.observer/filing/0001493152-23-027634.md","text":"https://secwatch.observer/filing/0001493152-23-027634.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66418/000149315223027634/0001493152-23-027634-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66418/000149315223027634/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T19:46:11.559525+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34987de420d6af5fa1ef391069892b039763dfae","claim":"MEXCO ENERGY CORP reported quarter ending June 30, 2023 results: revenue $1,748,419, net income $465,614, EPS $0.21.","evidence_excerpt":"June 30, 2023, compared to $1,298,672 or $0.59 per diluted share, for the comparable quarter ending June 30, 2022. Operating revenues in the first quarter of fiscal 2024 were $1,748,419, a decrease of 29% from the first quarter of fiscal 2023. This was due to a 33% decrease in the average sales price of oil and a 69% decrease in the average sales price of natural","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66418/000149315223027634/0001493152-23-027634-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ending June 30, 2023"},{"label":"Revenue","value":"$1,748,419"},{"label":"Net income","value":"$465,614"},{"label":"EPS","value":"$0.21"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}