secwatch.observer — SEC 8-K summary
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Issuer:     MEXCO ENERGY CORP (MXC)
CIK:        0000066418
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001493152-24-030789
Event type: earnings
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mexco Energy reports Q1 net income of $291K ($0.14/diluted share) on revenues of $1.73M
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- Net income $291,039 ($0.14 diluted EPS); operating revenues $1,727,835, down 1% YoY.
- Natural gas average price fell 36% YoY; oil price rose 9%; production declined 3.5%.
- Plans to participate in drilling 30 horizontal wells and completing 19 for FY2025 at estimated cost $2.2M.
- $320k spent to date; evaluating other prospects for participation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66418/000149315224030789/0001493152-24-030789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66418/000149315224030789/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-030789

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