Mexco Energy Corporation
New York Stock Exchange AmericanRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Mexco Energy Corporation is an independent oil and gas company engaged in acquiring, exploring, developing, and producing crude oil, natural gas, condensate, and natural gas liquids primarily within the United States. Founded in 1972 and headquartered in Midland, Texas, Mexco operates predominantly in the Permian Basin, including the Delaware Basin in West Texas and New Mexico, alongside other regions such as Oklahoma, Louisiana, Kansas, Colorado, Montana, and several other states. The company specializes in non-operating working interests and royalty interests in producing and non-producing oil and gas leases. Mexco’s core operations include funding its proportional share of drilling and completion costs for horizontal wells drilled by larger operators, accessing production revenues without direct day-to-day operational responsibilities. It also acquires royalty and mineral interests, entitling the company to a share of production revenue free from operational costs, thus diversifying its asset base and revenue streams. Recent major company developments include fiscal year 2025 participation in the drilling of 35 horizontal wells, primarily in the Delaware Basin, at an expenditure of approximately $1.1 million, with plans to drill and complete additional wells in fiscal year 2026. Mexco has actively expanded its portfolio through acquisitions of royalty and mineral interests in producing wells across key oil and gas regions such as Texas, Colorado, Louisiana, and New Mexico, spending approximately $2 million in 2025, supplemented by ongoing acquisitions totaling around $450,000 in early fiscal 2026. Financially, Mexco reported a 27% increase in net income for fiscal 2025, reflecting successful capital deployment and revenue growth from its strategic focus on non-operated interests and prolific basins. Operating as a publicly traded company listed on the NYSE American under the ticker MXC, Mexco emphasizes a lean operational model that leverages partnerships with established operators in the oil and gas industry to optimize capital efficiency and reduce operational risk. The company targets primarily U.S.-based markets and partners with operators to identify and participate in wells with strong production potential, focusing on continuous growth through strategic acquisitions and development activities in resource-rich areas. Overall, Mexco Energy Corporation positions itself as a technically adept independent producer with a focus on utilizing non-operating working interests and royalty acquisitions to sustainably grow its reserves, production, and shareholder value with minimal operational overhead. Its strategic footprint in the Permian Basin and other key U.S. basins, coupled with prudent financial management and targeted acquisitions, underpin its market presence in the midstream and upstream oil and gas sectors.
Financial Review: Mexco Energy (NYSE:MXC) vs. Infinity Natural Resources (NYSE:INR)
Mexco Energy Corporation Reports Financial Results for Third Quarter
Reviewing Mexco Energy (NYSE:MXC) & Indonesia Energy (NYSE:INDO)
Mexco Energy Corporation Reports Financial Results for first Six Months
Mexco Energy Corporation Reports Financial Results for First Quarter
MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2025
Mexco Energy Corporation Declares Dividend on Common Shares
Mexco Energy Corporation Reports Financial Results for Third Quarter
Mexco Energy Corporation Reports Financial Results for first Six Months
Mexco Energy Corporation Reports Financial Results for First Quarter
MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2024
Mexco Energy Corporation Declares Special Dividend on Common Shares
Mexco Energy Corporation Reports Financial Results for Third Quarter
Mexco Energy Corporation Reports Financial Results for Six Months
Mexco Energy Corporation Reports Financial Results for First Quarter
Wall Street set for higher open as debt deal is sealed ahead of May jobs report
CBI to axe staff as it fights for survival
MGC Pharma to develop and research new psilocybin medicines in Europe
Looking For The Next Oil Stock To Run? 10 Companies To Add To Your Watchlist
Why Mexco Energy Shares Are Rising