---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-025474"
form_type: "8-K"
ticker: "MXC"
cik: "0000066418"
company_name: "MEXCO ENERGY CORP"
filed_at: "2024-06-27T23:59:59+00:00"
generated_at: "2026-06-01T01:15:59.706362+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-025474
- form_type: 8-K
- ticker: MXC
- cik: 0000066418
- company_name: MEXCO ENERGY CORP
- filed_at: 2024-06-27T23:59:59+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/66418/000149315224025474/0001493152-24-025474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66418/000149315224025474/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-025474
- JSON: https://secwatch.observer/filing/0001493152-24-025474.json
- Plain text: https://secwatch.observer/filing/0001493152-24-025474.txt

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