MXC on NYSE

MEXCO ENERGY CORP

MEXCO ENERGY CORP is an American crude petroleum and natural gas company based in Midland.2 Its shares trade on NYSE under the symbol MXC.2

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Last updated Oct 20, 2026.

Overview

$6.6MRevenue, fiscal 20263
$1.3MNet income, fiscal 20263

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  • TickerMXC on NYSE2
  • IndustryCrude Petroleum & Natural Gas2
  • HeadquartersMidland, United States2
  • Incorporated inCO4
  • Business address415 West Wall Street, Suite 475, Midland, Tx 797014
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formFor-Profit Corporation2
  • LEI5493008QUKSJK9IE44532
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O INCORP SERVICES, INC., 80203 Denver, United States2
  • Registered withBusiness Division of the Secretary of State’s office, 198712409742

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48,000 BOE from proved undeveloped to proved developed – producing with a capital cost of approximately $119,000.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

19.4%Operating margin3
19.9%Net margin3
-8.1%Revenue growth, 20263
6.5%Return on equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Oil Sales brought in 80% of the revenue MEXCO ENERGY CORP broke down this way in fiscal 2026.

  1. Oil Sales$5.3M380%down 14% from 2025
  2. Natural Gas Sales$1.3M319%up 31% from 2025
  3. Other$13.3K30%down 45% from 2025
Products and services by year
Products and services20252026
Oil Sales$6.1M$5.3M
Natural Gas Sales$970.8K$1.3M
Other$24.0K$13.3K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Other costs74¢$4.9M
  • Income tax6¢$379.0K
  • Profit20¢$1.3M

Out of $6.6M in revenue.3

Where each dollar of operating cash went, fiscal 2026

  • Dividends paid5¢$204.6K
  • Kept or used elsewhere95¢$3.6M

Out of $3.8M of cash from operations.3

Financial statements

Revenue678910113$6.6M in 2026+144% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $2.7M$2.7M20192020: $2.7M$2.7M2020+2%2021: $2.8M$2.8M2021+2%2022: $6.6M$6.6M2022+135%2023: $9.6M$9.6M2023+45%2024: $6.6M$6.6M2024−31%2025: $7.1M$7.1M2025+8%2026: $6.6M$6.6M2026−8%
Operating income678910113$1.3M in 2026+15125% since 2019
-$2.0M0$2.0M$4.0M$6.0M2019: $8.3K$8.3K20192020: -$63.7K-$63.7K20202021: $158.7K$158.7K20212022: $3.0M$3.0M2022+1780%2023: $4.8M$4.8M2023+62%2024: $1.8M$1.8M2024−62%2025: $1.7M$1.7M2025−6%2026: $1.3M$1.3M2026−27%
Net income678910113$1.3M in 2026
-$2.0M0$2.0M$4.0M$6.0M2019: -$12.9K-$12.9K20192020: -$99.5K-$99.5K2020+668%2021: $155.9K$155.9K20212022: $2.9M$2.9M2022+1731%2023: $4.7M$4.7M2023+63%2024: $1.3M$1.3M2024−71%2025: $1.7M$1.7M2025+27%2026: $1.3M$1.3M2026−24%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2026-03-312025-03-31
Total operating revenues$6.6M$7.1M
Production$1.4M$1.6M
Accretion of asset retirement obligation$32.2K$30.0K
Depreciation, depletion and amortization$2.5M$2.5M
General and administrative$1.3M$1.3M
Total operating expenses$5.3M$5.4M
Operating income$1.3M$1.7M
Income from investments in LLCs$329.1K$217.6K
Interest income$89.3K$72.6K
Interest expense-$4.4K-$6.2K
Net other income$414.1K$284.1K
Income before provision for income taxes$1.7M$2.0M
Provision for income taxes$379.0K$304.3K
Net income$1.3M$1.7M
Basic:$0.64$0.83
Diluted:$0.63$0.81
Basic:2.0M shares2.1M shares
Diluted:2.1M shares2.1M shares
Dividends declared per share$0.10$0.10

Compare MEXCO ENERGY CORP with another company

What it owns

What MEXCO ENERGY CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$39.2M3 Mar 31, 2026$36.6M3 Mar 31, 2025+6.9%
Property and equipment, net$14.6M3 Mar 31, 2026$15.1M3 Mar 31, 2025−3.1%
Operating-lease assets (leased space)$75.5K3 Mar 31, 2026$126.5K3 Mar 31, 2025−40.3%

Real estate and locations

ItemLatestA year beforeChange
Area of land4,160 sq ft3 Mar 31, 20264,160 sq ft11 Mar 31, 20250%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.8M3 Mar 31, 2026$1.8M3 Mar 31, 2025+58.3%

Properties, in its own words

Our properties consist primarily of oil and gas wells and ownership interests in leasehold acreage, both developed and undeveloped. As of March 31, 2026, we had interests in approximately 8,100 gross (26.1 net) producing oil and gas wells and owned leasehold mineral, royalty and other interests in approximately 705,000 gross (2,697 net) acres.

Oil and Natural Gas Reserves

The rest of Item 2

In accordance with current SEC rules, the average prices used in computing reserves at March 31, 2026 were $62.76 per bbl of oil compared to $73.79 in 2025, a decrease of 15%, and $2.24 per mcf of natural gas compared to $2.14 in 2025, an increase of 5%. These prices are based on the 12-month unweighted arithmetic average of the first-day-of-the-month market prices for oil and natural gas sales during fiscal 2026. The benchmark price of $59.79 per bbl of oil at March 31, 2026 versus $71.00 at March 31, 2025, was adjusted by lease for gravity, transportation fees and market differentials and did not give effect to derivative transactions. The benchmark price of $3.72 per mcf of natural gas at March 31, 2026 versus $2.44 at March 31, 2025, was adjusted by lease for BTU content, transportation fees and market differentials.

For information concerning our costs incurred for oil and gas operations, net revenues from oil and gas production, estimated future net revenues attributable to our oil and gas reserves, the present value of future net revenues discounted at 10%, and related changes, see the Notes to the Company’s consolidated financial statements.

Proved oil and natural gas reserves are those quantities of oil and gas that, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible under existing economic and operating conditions. Proved developed reserves are those expected to be recovered from existing wells, equipment, and operating methods. Proved undeveloped reserves are those expected to be recovered from new wells on undrilled acreage or from existing wells requiring significant additional investment to establish production.

Mexco’s proved reserves as of March 31, 2026 and 2025 were prepared by Russell K. Hall and Associates, Inc., Environmental Engineering Consultants (“Hall and Associates”), an independent petroleum engineering firm located in Midland, Texas. A summary of their report is filed as Exhibit 99.1 to this Annual Report.

Management is responsible for providing accurate technical and operating data to Hall and Associates and for maintaining internal controls over the reserve estimation process to provide reasonable assurance that proved reserve estimates are calculated in accordance with SEC rules. Our Chief Financial Officer reviews the final reserves estimate and consults with Alan Neal, the representative at Hall and Associates responsible for evaluating the proved reserves covered by this report. Our Chairman and Chief Executive Officer also reviews the final reserves report.

Estimates of proved reserves are inherently imprecise and subject to change as additional data becomes available. These estimates are based on engineering and geological interpretation and require assumptions regarding production rates, future development costs, operating expenses, and commodity prices. Actual results will vary from these estimates, and such variances could be material and may adversely affect future cash flows, results of operations, and capital resources.

In accordance with SEC rules, reserve estimates and related present value calculations use the 12-month unweighted arithmetic average of the first-day-of-the-month prices for oil and natural gas. Prices are held constant over the economic life of the properties. Actual future prices and costs may differ materially from those used in these estimates. Unless replaced through acquisitions, successful exploration, or development activities, proved reserves will decline as production occurs.

Our estimated proved oil and gas reserves and present value of estimated future net revenues from proved oil and gas reserves in the periods ended March 31 are summarized below.

PROVED RESERVES

Oil (Bbls):

Proved developed – Producing · 387,670 · 390,940

Proved developed – Non-producing · 75,105 · 14,900

Proved undeveloped · 195,840 · 269,000

Total · 658,615 · 674,840

Natural gas (Mcf):

Proved developed – Producing · 3,902,120 · 3,554,920

Proved developed – Non-producing · 302,490 · 99,970

Proved undeveloped · 466,060 · 704,810

Total · 4,670,670 · 4,359,700

Total net proved reserves (BOE) (1) · 1,437,060 · 1,401,460

PV-10 Value (2) · 21,131,000 · 23,216,000

Present value of future income tax discounted at 10% · (2,466,000 · (3,141,000

Standardized measure of discounted future net cash flows (3) · 18,665,000 · 20,075,000

Prices used in calculating reserves: (4)

Natural gas (per Mcf) · 2.24 · 2.14

Oil (per Bbl) · 62.76 · 73.79

(1) · These reserve estimates do not include the Company’s interest in two LLCs referred to in Item 1. Business – Company Profile.

(2) · PV-10 represents the present value of estimated future net cash flows attributable to our proved oil and natural gas reserves, before income taxes, discounted at 10% per annum. PV-10 is a non-GAAP financial measure. It is relevant to investors because it provides a standardized basis for comparing the relative size and value of proved reserves across companies and excludes the impact of future income taxes. We use PV-10 internally to evaluate the economic attractiveness of our oil and natural gas properties. The standardized measure of discounted future net cash flows is derived from PV-10 after deducting estimated future income taxes.

Item 2 of the 10-K filed Jun 29, 2026.5

Leadership

Who has led MEXCO ENERGY CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Nicholas C. Taylor2015–2022

Chair

  1. Nicholas C. Taylor2015–2022

President

  1. Nicholas C. Taylor2006
  2. Tammy McComic2011–2024
2010201520202025
Board members and other officers (12)

Timeline

  1. Sep 10, 20268-K Executive or director change; Shareholder vote28
  2. Aug 12, 20268-K Results of operations; Other events29
  3. Jun 29, 20268-K Results of operations; Other events30
  4. Jun 4, 20268-K Other events31
  5. Feb 10, 20268-K Results of operations; Other events32
  6. Nov 12, 20258-K Results of operations; Other events33
  7. Sep 11, 20258-K Shareholder vote34
  8. Aug 12, 20258-K Results of operations; Other events35
  9. Jun 27, 20258-K Results of operations; Other events36
  10. May 13, 20258-K Other events37
  11. Feb 7, 20258-K Results of operations; Other events38
  12. Nov 7, 20248-K Results of operations; Other events39
  13. Aug 18, 2015New chief executive Nicholas C. Taylor becomes CEO15
  14. Apr 12, 1972Founded MEXCO ENERGY CORP is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202640

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results29
  2. Jun 29, 2026Reported quarterly or annual results30
  3. Feb 10, 2026Reported quarterly or annual results32
  4. Nov 12, 2025Reported quarterly or annual results33
  5. Aug 12, 2025Reported quarterly or annual results35
  6. Jun 27, 2025Reported quarterly or annual results36
  7. Feb 7, 2025Reported quarterly or annual results38
  8. Nov 7, 2024Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

97 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 29 major events, 33 insider forms, 14 other. The latest 20:

  1. Sep 10, 20268-K EDGAR
  2. Aug 12, 20268-K EDGAR
  3. Aug 12, 202610-Q EDGAR
  4. Jul 30, 2026DEFA14A EDGAR
  5. Jul 30, 202610-K/A EDGAR
  6. Jul 30, 2026DEF 14A EDGAR
  7. Jun 29, 20268-K EDGAR
  8. Jun 29, 202610-K EDGAR
  9. Jun 4, 20268-K EDGAR
  10. Mar 9, 20264 EDGAR
  11. Mar 3, 2026144 EDGAR
  12. Feb 10, 20268-K EDGAR
  13. Feb 10, 202610-Q EDGAR
  14. Nov 12, 20258-K EDGAR
  15. Nov 12, 202510-Q EDGAR
  16. Sep 11, 20258-K EDGAR
  17. Aug 12, 20258-K EDGAR
  18. Aug 12, 202510-Q EDGAR
  19. Jul 23, 2025DEF 14A EDGAR
  20. Jun 27, 20258-K EDGAR

The 97 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 6 buys and 28 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 5, 2026DECKER THOMAS HDirectorSale5,000$14.07$70.4KForm 4
Apr 15, 2024Hardin Stacy D.SECRETARYSale147$16.52$2.4KForm 4
Apr 15, 2024MCCOMIC TAMMYPRESIDENTSale147$16.52$2.4KForm 4
Apr 9, 2024Hardin Stacy D.SECRETARYSale800$13.36$10.7KForm 4
Apr 9, 2024MCCOMIC TAMMYPRESIDENTSale1,500$13.26$19.9KForm 4
Apr 8, 2024Hardin Stacy D.SECRETARYSale450$13.34$6.0KForm 4
Apr 8, 2024MCCOMIC TAMMYPRESIDENTSale500$13.26$6.6KForm 4
Apr 4, 2024MCCOMIC TAMMYPRESIDENTSale394$12.04$4.7KForm 4
Apr 2, 2024MCCOMIC TAMMYPRESIDENTSale6,606$13.52$89.3KForm 4
Mar 16, 2023DECKER THOMAS HDirectorBuy1,853$10.80$20.0KForm 4
Mar 15, 2023DECKER THOMAS HDirectorBuy47$10.75$505Form 4
Dec 9, 2022DECKER THOMAS HDirectorBuy2,600$12.60$32.8KForm 4
Sep 26, 2022DECKER THOMAS HDirectorBuy3,300$14.95$49.3KForm 4
Sep 2, 2022DECKER THOMAS HDirectorBuy700$18.25$12.8KForm 4
Sep 1, 2022DECKER THOMAS HDirectorBuy1,502$18.29$27.5KForm 4
Mar 8, 2022DECKER THOMAS HDirectorSale102$37.50$3.8KForm 4
Mar 7, 2022MCCOMIC TAMMYPRESIDENTSale2,000$32.25$64.5KForm 4
Mar 7, 2022Hardin Stacy D.SECRETARYSale750$31.00$23.2KForm 4
Mar 7, 2022DECKER THOMAS HDirectorSale2,000$32.05$64.1KForm 4
Mar 4, 2022MCCOMIC TAMMYPRESIDENTSale10,000$20.16$201.6KForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Tamala L. McComic$242.6K$302.5K41
2026Stacy D. Hardin$79.1K$93.1K41
2026Donna Gail Yanko$1.2K41
2025PresidentCFO, Treasurer$235.4K$293.2K41
2025Secretary & Assistant Treasurer$76.8K$88.8K41
2025Vice President$1.2K41
2024& Assistant Secretary$236.0K$512.0K41
2024Secretary & Assistant Treasurer$76.8K$136.8K41
2024Vice President$1.2K41

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
First Manhattan Co. Llc.69,803$522.0K0.0%+29,140
Vanguard Capital Management LLC55,667$416.3K0.0%No change
Dimensional Fund Advisors LP33,305$249.1K0.0%−5,009
Corient Private Wealth LP10,100$75.5K0.0%No change
Vanguard Fiduciary Trust Co6,428$48.1K0.0%No change
Caldwell Sutter Capital, Inc.4,000$29.9K0.0%No change
UBS Group AG1,104$8.3K0.0%+1,099
Tower Research Capital LLC (TRC)917$6.9K0.0%+545
Fmr LLC160$1.2K0.0%No change
NewEdge Advisors, LLC22$1650.0%No change
SBI Securities Co., Ltd.14$1050.0%+4
Morgan Stanley1$110.0%−199
Citigroup Inc1$70.0%−74
Royal Bank Of Canada30$00.0%+27

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How MEXCO ENERGY CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMEXCO ENERGY CORP1
  • CIK0000066418
  • Employer ID (EIN)84-06279185
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated inColorado5
  • Fiscal year endsMarch 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address415 West Wall Street, Suite 475, Midland, TX 797011
  • Phone91568211191
  • Shares outstanding2,046,000 as of Aug 12, 202614
  • Public float$9.5M as of Sep 30, 20255
  • AuditorWEAVER AND TIDWELL, L.L.P., Denver, Colorado PCAOB ID 410; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceNov 3, 19951
  • Filings570 in all: 4 (207), 8-K (137), 10-Q (93), 10-K (31), DEF 14A (23), SC 13D/A (21), 3 (7), 4/A (7)1
    All 24 form types

    DEF 14C (7), UPLOAD (6), 10-K/A (5), 144 (5), CORRESP (5), S-8 (3), 10-Q/A (2), DEFA14A (2), SC 13D (2), 8-A12B (1), 8-K/A (1), CERTAMX (1), NT 10-Q (1), PRE 14C (1), PRER14C (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Jun 29, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Jul 30, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.50 per shareMXCNYSE American

From the cover page of the 10-K filed Jun 29, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks MEXCO ENERGY CORP names in Item 1A of its 10-K filed Jun 29, 2026: 21 risks under these headings, as written.5

  • RISKS RELATED TO OUR BUSINESS AND INDUSTRY
  • Volatility of oil and gas prices significantly affects our results and profitability.
  • Our results of operations may be negatively impacted by current global political and economic events, including evolving trade policies, tariffs, and broader geopolitical instability.
  • Changes in environmental laws, could increase our operators’ costs and adversely impact our business, financial condition, and cash flows.
  • Lower oil and gas prices and other factors may cause us to record ceiling test write-downs.
  • We must replace reserves we produce.
  • Approximately 19% and 28% of our total estimated net proved reserves at March 31, 2026 and 2025, respectively, were undeveloped, and those reserves may not ultimately be developed.
  • Information concerning our reserves and future net revenue estimates is inherently uncertain.
  • A negative differential between NYMEX and the reference or regional index price used to price our oil and gas would reduce our cash flow from operations.
  • Drilling and operating activities are high-risk activities that subject us to a variety of factors that we cannot control.
  • We may not be able to fund the capital expenditures that will be required for us to increase reserves and production.
  • Our business depends on oil and natural gas transportation facilities that are owned by others.
The other 10 risks
  • We own non-operating interests in properties developed and operated by third parties and, as a result, we are unable to control the operation and profitability of such properties.
  • Acquiring reserves in the oil and gas industry is highly competitive.
  • We may not be insured against all of the operating hazards to which our business is exposed.
  • Changes in effective tax rates or laws could adversely impact our results of operations.
  • Our reliance on information technology, including information technologies hosted by third parties, exposes us to cybersecurity risks that could affect our business, financial condition, or reputation.
  • The loss of our Chief Executive Officer or President could adversely impact our ability to execute our business strategy.
  • We may be affected by one substantial shareholder.
  • RISKS RELATED TO OUR COMMON STOCK
  • We may issue additional shares of common stock in the future, which could cause dilution to all shareholders.
  • Control by our executive officers and directors may limit your ability to influence the outcome of matters requiring stockholder approval and could discourage our potential acquisition by third parties.
  • The price of our common stock has been volatile and could continue to fluctuate substantially.

Legal proceedings

We may, from time to time, be a party to various proceedings and claims incidental to our business. While many of these matters involve inherent uncertainty, we believe that the amount of the liability, if any, ultimately incurred with respect to these proceedings and claims will not have a material adverse effect on our consolidated financial position as a whole or on our liquidity, capital resources or future results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

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