8-K
filed November 8, 2023, 6:59 PM ET
ticker MXC
CIK 0000066418
earnings
confidence high
sentiment negative
materiality 0.80
Mexco Energy 6M net income down 71% to $735K; drilling 40 wells at $1.7M
MEXCO ENERGY CORP
2024-Q2 EPS reported
$0.34
revenue$3,155,029
- Net income for 6M ending Sep 30, 2023: $735,047 ($0.34/diluted), down 71% YoY.
- Operating revenues $3.155M, down 34% on 26% lower oil and 68% lower nat gas price.
- Q2 net income $269,433 ($0.12/diluted) vs $1.212M ($0.55) in prior-year quarter.
- Participating in ~40 horizontal wells at est. cost $1.7M; 26 drilled in Delaware Basin, 21 DUCs completed.
- $2.5M cash, no debt; 14 wells began Oct 2023 with avg rate 1,701 BOE/well/day.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.7
MEXCO ENERGY CORP reported second quarter of fiscal 2024 results: net income $269,433, EPS $0.12 per diluted share.
- Period
- second quarter of fiscal 2024
- Net income
- $269,433
- EPS
- $0.12 per diluted share
- Result
- reported results
Exact text from the filing
Mexco Energy Corporation (the "Registrant") issued a news release to announce its financial results for the six months ended September 30, 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.7
MEXCO ENERGY CORP reported six months ending September 30, 2023 results: net income $735,047, EPS $0.34 per diluted share.
- Period
- six months ending September 30, 2023
- Net income
- $735,047
- EPS
- $0.34 per diluted share
- Result
- reported results
Exact text from the filing
Mexco Energy Corporation (the "Registrant") issued a news release to announce its financial results for the six months ended September 30, 2023.
View on SEC.gov
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