Mexco Energy FY27 Q1 net income more than doubles to $501,065; revenue rises 13% to $1.98 million

Net cash from operations increased 6.45% to $1.45 million, while investing cash outflows widened to $2.73 million on higher oil-and-gas property additions.

Plans call for 53 horizontal wells in fiscal 2027 at about $1.3 million; April-June acquisitions totaled about $2.09 million.

Mexco Energy posted net income of $501,065 for the quarter ended June 30, 2026, up 107.1% year over year.

Revenue rose 13% to $1.98 million as oil revenue climbed 29.7% to $1.81 million on higher realized prices.

Gas revenue dropped 53.5% to $166,975, reflecting lower realized prices and volumes.