Mexco Energy Corporation Reports Financial Results for Third Quarter
Mexco Energy (NYSE American: MXC) reported financial results for the nine months ending December 31, 2024, with net income of $1,077,370 ($0.51 per diluted share). Operating revenues reached $5,368,327, marking a 12% increase compared to the same period in fiscal 2024, driven by higher oil and natural gas production volumes but partially offset by lower average sales prices.
For Q3 fiscal 2025, the company posted net income of $469,133 ($0.22 per diluted share), up 36% from $345,610 in Q3 fiscal 2024, with operating revenues of $1,891,265. Oil represented 86% of operating revenues for the first nine months.
The company plans to participate in 28 drilling and 19 completion horizontal wells at an estimated cost of $1.8 million for fiscal 2025, with $1.1 million already spent. Additionally, Mexco has invested $2 million in royalty and mineral interest acquisitions across 700 producing wells in 37 counties across 9 states.
Mexco Energy (NYSE American: MXC) ha riportato i risultati finanziari per i nove mesi terminati il 31 dicembre 2024, con un reddito netto di $1.077.370 ($0,51 per azione diluita). I ricavi operativi hanno raggiunto $5.368.327, segnando un incremento del 12% rispetto allo stesso periodo dell'anno fiscale 2024, trainato da un aumento dei volumi di produzione di petrolio e gas naturale, ma parzialmente compensato da prezzi di vendita medi più bassi.
Per il terzo trimestre dell'anno fiscale 2025, l'azienda ha registrato un reddito netto di $469.133 ($0,22 per azione diluita), con un aumento del 36% rispetto a $345.610 nel terzo trimestre dell'anno fiscale 2024, e ricavi operativi di $1.891.265. Il petrolio ha rappresentato l'86% dei ricavi operativi per i primi nove mesi.
L'azienda prevede di partecipare a 28 perforazioni e 19 completamenti di pozzi orizzontali con un costo stimato di $1,8 milioni per l'anno fiscale 2025, di cui $1,1 milioni già spesi. Inoltre, Mexco ha investito $2 milioni in acquisizioni di diritti di regalìe e minerali su 700 pozzi produttivi in 37 contee in 9 stati.
Mexco Energy (NYSE American: MXC) informó los resultados financieros para los nueve meses que finalizaron el 31 de diciembre de 2024, con ingresos netos de $1,077,370 ($0.51 por acción diluida). Los ingresos operativos alcanzaron $5,368,327, marcando un incremento del 12% en comparación con el mismo período del año fiscal 2024, impulsado por un mayor volumen de producción de petróleo y gas natural, pero parcialmente compensado por precios de venta promedio más bajos.
Para el tercer trimestre del año fiscal 2025, la empresa reportó ingresos netos de $469,133 ($0.22 por acción diluida), un aumento del 36% respecto a $345,610 en el tercer trimestre del año fiscal 2024, con ingresos operativos de $1,891,265. El petróleo representó el 86% de los ingresos operativos para los primeros nueve meses.
La empresa planea participar en 28 perforaciones y 19 finalizaciones de pozos horizontales con un costo estimado de $1.8 millones para el año fiscal 2025, habiendo ya gastado $1.1 millones. Adicionalmente, Mexco ha invertido $2 millones en adquisiciones de regalías e intereses minerales en 700 pozos productivos en 37 condados en 9 estados.
Mexco Energy (NYSE American: MXC)는 2024년 12월 31일로 종료된 9개월 동안의 재무 결과를 보고하며 순이익이 $1,077,370 ($0.51 희석주당)을 기록했습니다. 운영 수익은 $5,368,327에 도달했으며, 이는 2024 회계연도 같은 기간에 비해 12% 증가한 수치로, 높은 석유 및 천연가스 생산량에 의해 주도되었지만 평균 판매 가격 하락으로 일부 상쇄되었습니다.
2025 회계연도 3분기 동안 이 회사는 순이익 $469,133 ($0.22 희석주당)을 기록했으며, 이는 2024 회계연도 3분기 $345,610에서 36% 증가한 수치입니다. 운영수익은 $1,891,265였습니다. 석유는 처음 9개월 동안 운영 수익의 86%를 차지했습니다.
회사는 2025 회계연도에 대해 28개 시추와 19개 수평 시추 완료에 참여할 계획이며, 예상 비용은 $1.8 백만 달러입니다. 이 중 $1.1 백만 달러가 이미 지출되었습니다. 또한, Mexco는 9개 주의 37개 카운티에서 700개의 생산 중인 유정에 대한 로열티와 광물 관련 인수에 $2 백만 달러를 투자했습니다.
Mexco Energy (NYSE American: MXC) a publié ses résultats financiers pour les neuf mois se terminant le 31 décembre 2024, avec un revenu net de 1 077 370 $ (0,51 $ par action diluée). Les revenus d'exploitation ont atteint 5 368 327 $, marquant une augmentation de 12 % par rapport à la même période de l'exercice 2024, soutenue par des volumes de production de pétrole et de gaz naturel plus élevés, mais partiellement compensée par des prix de vente moyens inférieurs.
Pour le troisième trimestre de l'exercice 2025, l'entreprise a affiché un revenu net de 469 133 $ (0,22 $ par action diluée), en hausse de 36 % par rapport à 345 610 $ au troisième trimestre de l'exercice 2024, avec des revenus d'exploitation de 1 891 265 $. Le pétrole représentait 86 % des revenus d'exploitation pour les neuf premiers mois.
L'entreprise prévoit de participer à 28 forages et 19 complétions de puits horizontaux pour un coût estimé de 1,8 million $ pour l'exercice 2025, dont 1,1 million $ ont déjà été dépensés. De plus, Mexco a investi 2 millions $ dans l'acquisition de redevances et d'intérêts miniers dans 700 puits en production dans 37 comtés à travers 9 États.
Mexco Energy (NYSE American: MXC) hat die finanziellen Ergebnisse für die neun Monate bis zum 31. Dezember 2024 veröffentlicht, mit einem Nettoeinkommen von 1.077.370 $ (0,51 $ pro verwässerter Aktie). Der Betriebsumsatz belief sich auf 5.368.327 $, was einem Anstieg von 12 % im Vergleich zum gleichen Zeitraum im Geschäftsjahr 2024 entspricht, angetrieben von höheren Öl- und Erdgasproduktionsmengen, jedoch teilweise ausgeglichen durch niedrigere durchschnittliche Verkaufspreise.
Für das dritte Quartal des Geschäftsjahres 2025 verzeichnete das Unternehmen ein Nettoeinkommen von 469.133 $ (0,22 $ pro verwässerter Aktie), ein Anstieg von 36 % gegenüber 345.610 $ im dritten Quartal des Geschäftsjahres 2024, mit Betriebseinnahmen von 1.891.265 $. Öl machte 86 % der Betriebseinnahmen in den ersten neun Monaten aus.
Das Unternehmen plant die Teilnahme an 28 Bohrungen und 19 Abschlussarbeiten an horizontalen Brunnen zu geschätzten Kosten von 1,8 Millionen $ für das Geschäftsjahr 2025, wobei bereits 1,1 Millionen $ ausgegeben wurden. Darüber hinaus hat Mexco 2 Millionen $ in den Erwerb von Lizenzgebühren und mineralischen Interessen in 700 produzierenden Brunnen in 37 Landkreisen in 9 Bundesstaaten investiert.
- Net income increased 36% YoY in Q3 fiscal 2025
- Operating revenues grew 12% in first nine months of fiscal 2025
- Strong oil revenue contribution at 86% of total operating revenues
- Significant expansion through investment in 700 producing wells across 9 states
- Lower average sales prices for oil and natural gas
- Natural gas prices affected by Permian Basin pipeline capacity
- Significant capital expenditure requirements ($1.8M) for well development
Insights
Mexco Energy's Q3 FY2025 results demonstrate remarkable operational efficiency for a small-cap energy producer. The
The company's capital deployment strategy is particularly noteworthy:
- The planned
$1.8M investment in drilling 28 horizontal wells represents a significant commitment relative to their$23.5M market cap - The
$2M acquisition of interests in 700 producing wells across 37 counties and 9 states marks a strategic diversification that could help mitigate regional risks and pipeline constraints - This geographic diversification is especially important given the current pipeline capacity limitations in the Permian Basin affecting natural gas prices
The company's ability to increase production volumes in a challenging price environment, while maintaining a disciplined capital allocation approach, positions them well for future growth. However, investors should monitor the execution of their ambitious drilling program and the integration of their newly acquired well interests, as these will be important for maintaining their growth trajectory in the coming quarters.
MIDLAND, TX, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of
Operating revenues in the first nine months of fiscal 2025 were
Net income of
The Company currently expects to participate in the drilling of 28 and completion of 19 horizontal wells at an estimated aggregate cost of approximately
Also, 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, at Mexco Energy Corporation, (432) 682-1119.
FAQ
What was MXC's net income for Q3 fiscal 2025?
How much did MXC's operating revenues increase in the first nine months of fiscal 2025?
What is MXC's planned well development program for fiscal 2025?
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