---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039932"
form_type: "8-K"
ticker: "MXC"
cik: "0000066418"
company_name: "MEXCO ENERGY CORP"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:57:05.084944+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mexco Energy 6M net income down 71% to $735K; drilling 40 wells at $1.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-039932
- form_type: 8-K
- ticker: MXC
- cik: 0000066418
- company_name: MEXCO ENERGY CORP
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66418/000149315223039932/0001493152-23-039932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66418/000149315223039932/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039932
- JSON: https://secwatch.observer/filing/0001493152-23-039932.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039932.txt

## Key facts
- Earnings Releases
  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
  source text: Mexco Energy Corporation (the "Registrant") issued a news release to announce its financial results for the six months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66418/000149315223039932/0001493152-23-039932-index.htm
- Earnings Releases
  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
  source text: Mexco Energy Corporation (the "Registrant") issued a news release to announce its financial results for the six months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66418/000149315223039932/0001493152-23-039932-index.htm

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