---
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"
generated_at: "2026-06-06T05:02:24.070606+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mexco Energy Q3 net income rises 28% sequentially to $345,610; nine-month net income down 71% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/66418/000149315224005546/0001493152-24-005546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66418/000149315224005546/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-005546
- JSON: https://secwatch.observer/filing/0001493152-24-005546.json
- Plain text: https://secwatch.observer/filing/0001493152-24-005546.txt

## Key facts
- Earnings Releases
  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.
  - Period: nine months ended December 31, 2023
  - Revenue: $4,811,472
  - Net income: $1,080,657
  - EPS: $0.50 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/66418/000149315224005546/0001493152-24-005546-index.htm
- Earnings Releases
  MEXCO ENERGY CORP reported third quarter of fiscal 2024 results: revenue $1,656,443, net income $345,610, EPS $0.16 per diluted share.
  - Period: third quarter of fiscal 2024
  - Revenue: $1,656,443
  - Net income: $345,610
  - EPS: $0.16 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/66418/000149315224005546/0001493152-24-005546-index.htm

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