Mexco Energy Corporation Reports Financial Results for first Six Months
Mexco Energy (NYSE American: MXC) reported financial results for the first six months of fiscal 2025. The company achieved net income of $608,237 ($0.29 per diluted share) and operating revenues of $3,477,062, marking a 10% increase compared to the same period in fiscal 2024. The growth was driven by increased oil and natural gas production volumes and higher oil prices, partially offset by lower natural gas prices. Oil represented 87% of operating revenues. For Q2 fiscal 2025, net income was $317,198 ($0.15 per diluted share). The company plans to participate in drilling 30 and completing 19 horizontal wells at an estimated cost of $2.3 million, with $890,000 already spent.
Mexco Energy (NYSE American: MXC) ha riportato i risultati finanziari per i primi sei mesi dell'esercizio fiscale 2025. L'azienda ha registrato un utile netto di 608.237 dollari (0,29 dollari per azione diluita) e ricavi operativi di 3.477.062 dollari, segnando un aumento del 10% rispetto allo stesso periodo dell'esercizio fiscale 2024. La crescita è stata sostenuta da un aumento dei volumi di produzione di petrolio e gas naturale e da un incremento dei prezzi del petrolio, parzialmente compensato da una diminuzione dei prezzi del gas naturale. Il petrolio ha rappresentato l'87% dei ricavi operativi. Per il secondo trimestre dell'esercizio fiscale 2025, l'utile netto è stato di 317.198 dollari (0,15 dollari per azione diluita). L'azienda prevede di partecipare alla perforazione di 30 pozzetti e al completamento di 19 pozzi orizzontali a un costo stimato di 2,3 milioni di dollari, con già 890.000 dollari spesi.
Mexco Energy (NYSE American: MXC) informó los resultados financieros de los primeros seis meses del ejercicio fiscal 2025. La compañía logró un ingreso neto de 608,237 dólares (0,29 dólares por acción diluida) y ingresos operativos de 3,477,062 dólares, marcando un incremento del 10% en comparación con el mismo período del ejercicio fiscal 2024. El crecimiento fue impulsado por un aumento en los volúmenes de producción de petróleo y gas natural, así como por el aumento en los precios del petróleo, que fue parcialmente compensado por la disminución en los precios del gas natural. El petróleo representó el 87% de los ingresos operativos. Para el segundo trimestre del ejercicio fiscal 2025, el ingreso neto fue de 317,198 dólares (0,15 dólares por acción diluida). La compañía planea participar en la perforación de 30 pozos y completar 19 pozos horizontales a un costo estimado de 2.3 millones de dólares, habiendo gastado ya 890,000 dólares.
Mexco Energy (NYSE American: MXC)는 2025 회계연도 첫 6개월 동안의 재무 실적을 보고했습니다. 이 회사는 608,237달러의 순이익 (주당 희석 기준 0.29달러)과 3,477,062달러의 운영 수익을 달성했으며, 이는 2024 회계연도 동일 기간 대비 10% 증가한 수치입니다. 성장은 석유와 천연가스 생산량 증가 및 석유 가격 상승에 의해 주도되었으며, 천연가스 가격 하락이 부분적으로 상쇄했습니다. 석유는 운영 수익의 87%를 차지했습니다. 2025 회계연도 2분기 동안 순이익은 317,198달러 (주당 희석 기준 0.15달러)였습니다. 이 회사는 30개의 수평 시추를 하고 19개의 시추를 완료할 계획이며, 예상 비용은 230만 달러인 가운데, 이미 890,000달러를 지출했습니다.
Mexco Energy (NYSE American: MXC) a publié ses résultats financiers pour les six premiers mois de l'exercice fiscal 2025. La société a réalisé un bénéfice net de 608.237 dollars (0,29 dollar par action diluée) et des revenus opérationnels de 3.477.062 dollars, marquant une augmentation de 10 % par rapport à la même période de l'exercice fiscal 2024. La croissance a été soutenue par une augmentation des volumes de production de pétrole et de gaz naturel ainsi que par des prix du pétrole plus élevés, partiellement compensés par des prix du gaz naturel plus bas. Le pétrole a représenté 87 % des revenus opérationnels. Pour le deuxième trimestre de l'exercice fiscal 2025, le bénéfice net s'élevait à 317.198 dollars (0,15 dollar par action diluée). La société prévoit de participer à la forage de 30 puits horizontaux et à l'achèvement de 19 puits, pour un coût estimé à 2,3 millions de dollars, avec déjà 890.000 dollars dépensés.
Mexco Energy (NYSE American: MXC) hat die finanziellen Ergebnisse für die ersten sechs Monate des Geschäftsjahres 2025 veröffentlicht. Das Unternehmen erzielte einen Reingewinn von 608.237 Dollar (0,29 Dollar pro verwässerter Aktie) und betriebliche Einnahmen von 3.477.062 Dollar, was einem Anstieg von 10% im Vergleich zum gleichen Zeitraum im Geschäftsjahr 2024 entspricht. Das Wachstum wurde durch erhöhte Produktionsmengen von Öl und Erdgas sowie durch höhere Ölpreise vorangetrieben, teilweise ausgeglichen durch niedrigere Erdgaspreise. Öl machte 87% der betrieblichen Einnahmen aus. Im zweiten Quartal des Geschäftsjahres 2025 betrug der Reingewinn 317.198 Dollar (0,15 Dollar pro verwässerter Aktie). Das Unternehmen plant, an der Bohrung von 30 Horizontalbohrungen teilzunehmen und 19 Bohrungen abzuschließen, die voraussichtlich 2,3 Millionen Dollar kosten werden, wobei bereits 890.000 Dollar ausgegeben wurden.
- 10% increase in operating revenues to $3,477,062
- Net income growth to $608,237 ($0.29 per diluted share)
- Increased oil and natural gas production volumes
- Higher oil prices contributing to revenue growth
- Oil represents 87% of operating revenues
- Decrease in average natural gas prices
- Significant planned expenditure of $2.3 million for well drilling and completion
Insights
Mexco Energy's latest financial results show positive momentum with
The planned
MIDLAND, TX, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of
Operating revenues in the first six months of fiscal 2025 were
Net income of
The Company currently expects to participate in the drilling of 30 and completion of 19 horizontal wells at an estimated aggregate cost of approximately
During fiscal 2025, the Company has expended to date, approximately
Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration, and development of oil and gas properties primarily in the Permian Basin. For more information on Mexco Energy Corporation, go to www.mexcoenergy.com.
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Mexco Energy Corporation cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may impact the Company's actual results of operations. These risks include, but are not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, uncertainties about estimates of reserves, competition, government regulation, and mechanical and other inherent risks associated with oil and gas production. A discussion of these and other factors, including risks and uncertainties, is set forth in the Company's Form 10-K for the fiscal year ended March 31, 2024. Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.
For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer of Mexco Energy Corporation, (432) 682-1119.
FAQ
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