{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-005546","form_type":"8-K","ticker":"MXC","cik":"0000066418","company_name":"MEXCO ENERGY CORP","filed_at":"2024-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.677924+00:00","generated_at":"2026-06-06T05:02:24.070606+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Mexco Energy Q3 net income rises 28% sequentially to $345,610; nine-month net income down 71% YoY","bullets":["Net income for Q3 fiscal 2024 (Dec 31, 2023) was $345,610 ($0.16/diluted), up 28% from Q2 fiscal 2024's $269,433.","Nine-month net income fell 71% YoY to $1,080,657 ($0.50/diluted); operating revenues decreased 35% to $4,811,472.","Average oil price nine months $77.06/bbl (down 18% YoY), natural gas $2.12/Mcf (down 66% YoY); BOE production down 2%.","Cash on hand $3.4M, no bank debt; plans to participate in 49 wells (45 in Delaware Basin) with estimated cost $2.2M for fiscal year.","Spent $450,000 on completion costs for 21 DUC wells in Lea County, NM; 20 wells producing since Oct 2023 at avg 1,437 BOE/day/well."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-005546","json":"https://secwatch.observer/filing/0001493152-24-005546.json","markdown":"https://secwatch.observer/filing/0001493152-24-005546.md","text":"https://secwatch.observer/filing/0001493152-24-005546.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66418/000149315224005546/0001493152-24-005546-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66418/000149315224005546/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:02:24.070606+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":"2c3742ed6dc8b4464b97466d52ee776aae224ab0","claim":"MEXCO ENERGY CORP reported nine months ended December 31, 2023 results: revenue $4,811,472, net income $1,080,657, EPS $0.50 per diluted share.","evidence_excerpt":"Net income for the nine months ending December 31, 2023 was $1,080,657, or $0.50 per diluted share, a decrease of 71% compared with the same nine-month period of fiscal 2023. Operating revenues in the first nine months of fiscal 2024 decreased 35% to $4,811,472.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66418/000149315224005546/0001493152-24-005546-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended December 31, 2023"},{"label":"Revenue","value":"$4,811,472"},{"label":"Net income","value":"$1,080,657"},{"label":"EPS","value":"$0.50 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ee3f103c6e8241829dcc913f423bc9e738b99457","claim":"MEXCO ENERGY CORP reported third quarter of fiscal 2024 results: revenue $1,656,443, net income $345,610, EPS $0.16 per diluted share.","evidence_excerpt":"Mexco Energy Corporation (NYSE American: MXC) today reported net income of $345,610, or $0.16 per diluted share, for the Company’s third quarter of fiscal 2024, an increase of 28% compared to $269,433, or $0.12 per diluted share, for the second quarter of fiscal 2024. Operating revenues in the third quarter of fiscal 2024 were $1,656,443.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66418/000149315224005546/0001493152-24-005546-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal 2024"},{"label":"Revenue","value":"$1,656,443"},{"label":"Net income","value":"$345,610"},{"label":"EPS","value":"$0.16 per diluted share"},{"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"}