secwatch.observer — SEC 8-K summary
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Issuer:     MEXCO ENERGY CORP (MXC)
CIK:        0000066418
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001493152-26-005985
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mexco Q3 net income falls 89% to $0.02 EPS on lower oil prices
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66418/000149315226005985/0001493152-26-005985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66418/000149315226005985/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-005985

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