Mexco Energy Corporation Reports Strong Third Quarter Results Amidst Volatile Energy Market

Mexco Energy Corporation (NYSE American: MXC) reported robust financial results for the third quarter of fiscal 2025, demonstrating resilience amidst the volatile energy market. The company's strategic focus on oil production and geographical diversification have contributed to its strong performance, as reflected in its net income and operating revenues.



Net income for the third quarter of fiscal 2025 was $469,133, or $0.22 per diluted share, marking a 36% increase compared to the same period in fiscal 2024. Operating revenues for the quarter reached $1,891,265, driven by an increase in oil and natural gas production volumes. Oil contributed to 86% of the company's operating revenues for the first nine months of fiscal 2025, highlighting the strategic importance of oil production in Mexco Energy's portfolio.



Mexco Energy's capital expenditure plans for fiscal 2025 reflect its commitment to growth and diversification. The company expects to participate in the drilling of 28 and completion of 19 horizontal wells at an estimated aggregate cost of approximately $1.8 million. This investment strategy aligns with the company's financial projections and risk management approach, as it aims to increase production and offset the impact of lower average sales prices for oil and natural gas.



The company's acquisition of royalty and mineral interest acquisitions in approximately 700 producing wells across 37 counties and 9 states further contributes to its long-term growth and diversification strategy. This expansion provides geographical diversification, access to additional reserves, and potential for future development. However, the company must address potential risks and challenges, such as financial constraints, operational challenges, and integration risks, to successfully execute this strategy.

In conclusion, Mexco Energy Corporation's strong third quarter results demonstrate the company's resilience amidst the volatile energy market. The company's strategic focus on oil production, geographical diversification, and disciplined capital allocation have contributed to its robust financial performance. As the company continues to invest in growth and diversification, it is well-positioned to capitalize on future opportunities in the energy sector.