secwatch.observer — SEC 8-K summary
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Issuer:     MEXCO ENERGY CORP (MXC)
CIK:        0000066418
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001493152-25-005428
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mexco Energy reports 9-month net income $1.08M ($0.51/diluted), revenue up 12%
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- Q3 net income $469,133 ($0.22/diluted), up 36% from $345,610 ($0.16/diluted) in Q3 FY2024.
- Operating revenues 9 months $5,368,327 (+12% YoY); Q3 revenues $1,891,265.
- Oil contributed 86% of operating revenues; natural gas prices low due to Permian Basin pipeline constraints.
- Plans to participate in drilling 28 horizontal wells and completing 19 at estimated cost $1.8M; $1.1M spent.
- Approximately $2M expended for royalty/mineral acquisitions in ~700 producing wells across 37 counties in 9 states.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66418/000149315225005428/0001493152-25-005428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66418/000149315225005428/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-005428

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