Mexco Energy Corporation Reports Financial Results for first Six Months

MIDLAND, TX, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $608,237, or $0.29 per diluted share, for the six months ending September 30, 2024.

Operating revenues in the first six months of fiscal 2025 were $3,477,062, an increase of 10% when compared to the first six months of fiscal 2024. This increase was primarily due to an increase in oil and natural gas production volumes and an increase in average oil prices partially offset by a decrease in average natural gas prices. Oil contributed 87% of our operating revenues for the first six months of fiscal 2025.

Net income of $317,198, or $0.15 per diluted share, for the Company's second quarter of fiscal 2025 compared with $269,433, or $0.12 per diluted share for ...