---
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"
generated_at: "2026-06-11T19:46:11.559525+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mexco Energy Q1 net income falls 64% to $466k; revenue down 29%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/66418/000149315223027634/0001493152-23-027634-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66418/000149315223027634/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027634
- JSON: https://secwatch.observer/filing/0001493152-23-027634.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027634.txt

## Key facts
- Earnings Releases
  MEXCO ENERGY CORP reported quarter ending June 30, 2023 results: revenue $1,748,419, net income $465,614, EPS $0.21.
  - Period: quarter ending June 30, 2023
  - Revenue: $1,748,419
  - Net income: $465,614
  - EPS: $0.21
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/66418/000149315223027634/0001493152-23-027634-index.htm

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