Mexco Energy Corp., often referred to as MXC, is a Texas-based oil and gas exploration company that provides critical energy resources on a national and international scale. Founded in 1972 and headquartered in Midland, MXC is publicly traded on the American Stock Exchange.
The essence of Mexco Energy Corp.'s business modality is to participate in various petroleum projects alongside industry heavyweights, either as a non-operational owner or a minor working interest holder. This strategic approach allows MXC to diversify its asset portfolio and hedge against risk related to any one particular project. This strategy has proven highly effective, with MXC owning an interest in over 1,000 oil and gas wells in 12 different states, notably in the Permian Basin and the Gulf Coast.
One of the key attributes of MXC is the company’s steadfast commitment to efficient operational outputs and responsible environmental stewardship. This dual focus is reflected in their mission to obtain and produce oil and gas reserves efficiently and use the latest technology to increase production and reserves.
Furthermore, they continually stress the importance of their commitment to the health and safety of their employees, the communities in which they operate, and the environment at large as they carry out their operations. They actively aim to minimalize their environmental footprint by using environmentally friendly technologies and focus on reducing emissions and encouraging energy efficiency.
Under the leadership of Nicholas Taylor as the Chairman and CEO, the company has managed to remain lucrative in an ever-volatile oil and gas market. Taylor's strategic vision for the company places a high premium on maintaining a robust portfolio of productive properties, investing in cost-effective recovery solutions, and forwarding responsible environmental practices.
In terms of its financials, the company prides itself on solid fiscal responsibility and savvy investment acumen. This has often allowed it to weather the dips and dives of the commodity market and has made it an attractive investment for those dealing with energy equities.
In a nutshell, Mexco Energy Corp stands as a testament to the resiliency and determination of independent oil and gas producers within the energy industry. Despite the industry's uncertainties and challenges, the company continues to work steadfastly with its time-tested business model and experienced leadership.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
MEXCO Energy has updated its 2019 Employee Incentive Stock Plan, introducing two stock-option award agreements with different vesting schedules, including a new grant-date vesting option. This amendment clarifies the conditions for equity awards for employees, directors, and consultants. The updated plan now offers both a traditional four-year vesting schedule and an alternative that vests one-third of the award immediately at the grant date, with additional vesting on the first two anniversaries.
Mexco Energy Corporation (MXC) reported a significant increase in its first-quarter net income, rising 107% to $501,065, or $0.24 per diluted share, for the quarter ended June 30, 2026. This growth was driven primarily by a 52% increase in average oil price, despite lower oil and natural gas production. The company plans to invest approximately $1.8 million in drilling and completing 73 horizontal wells and also acquired about $2.1 million in oil and gas royalty properties during the quarter.
Mexco Energy (MXC) reported a significant increase in its first-quarter fiscal 2027 net income, rising 107% to $501,065, or $0.24 per diluted share, compared to the previous year. This growth was driven by a 13% increase in operating revenues, primarily due to a 52% rise in average oil prices. The company also detailed plans for future drilling activities and recent insider trading and hedge fund movements.