earnings
confidence high
sentiment negative
materiality 0.65
Mexco Q3 net income falls 89% to $0.02 EPS on lower oil prices
MEXCO ENERGY CORP
2026-Q3 EPS reported
$0.30
revenue$4,932,806
- Q3 net income of $50,245 ($0.02 diluted EPS) vs $469,133 ($0.22) a year ago.
- Operating revenues for Q3 were $1,383,887; nine-month revenues $4,932,806 (-8% YoY).
- Oil contributed 77% of nine-month revenues; lower oil prices and production drove decline.
- Company plans to participate in 50 horizontal wells at ~$1.6M aggregate cost for FY2026; $0.9M spent.
- Expended ~$650,000 for royalty/mineral interests in ~100 producing wells across four states.