Mexco Energy Corporation reports increase in net income and operating revenues for third quarter

From GlobeNewswire: 2025-02-07 16:50:00

Mexco Energy Corporation reported a net income of $1,077,370, or $0.51 per diluted share, for the nine months ending December 31, 2024, with operating revenues of $5,368,327, a 12% increase from the previous fiscal year. The company’s third-quarter net income rose by 36% to $469,133, or $0.22 per diluted share, with operating revenues of $1,891,265. Mexco Energy plans to participate in drilling and completion activities for 28 horizontal wells at an estimated cost of $1.8 million for the fiscal year ending March 31, 2025. Additionally, they have invested $2 million in royalty and mineral interest acquisitions across 37 counties in 9 states.



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