Mexco Energy fiscal 2024 net income $1.34M ($0.64 EPS), revenue $6.6M, oil reserves up 9%

MEXCO ENERGY CORP

Net income $1,344,952 ($0.64 diluted EPS) on operating revenues of $6,604,884 for fiscal year ended March 31, 2024.
Average realized oil price $76.40/bbl, natural gas $2.22/Mcf; oil comprised 83% of product sales.
Proved oil reserves up 9% to 791 Mbbl, natural gas down 8% to 4.537 Bcf; PV-10 of ~$29 million.
Participated in 52 wells (51 horizontal) at ~$2.3M cost; expects to drill 30 & complete 19 wells in FY2025 at ~$2.2M.
Cash on hand ~$2.4M, no bank debt; acquired royalty/mineral interests in 348 gross wells for ~$1.8M, funded from cash.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.