MIDLAND, TX, June  29, 2026  (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) reported results in its Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended March

MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2026

Mexco Energy 2026 earnings decline; plans 2027 horizontal drilling

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MIDLAND, TX, June  29, 2026  (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) reported results in its Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended March</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Mexco Energy reported 2026 results: net income $1.31M and revenues $6.56M, declines from 2025. It plans 33 new horizontal wells in 2027 with about $1.8M capex, while holding roughly $1.4M in cash and no debt on its bank line facility.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Net income $1,305,722; diluted EPS $0.64, down 24% YoY.</li><li>FY2026 revenues $6,561,324; down 8% vs 2025.</li><li>Drilled 57 horizontal and 1 vertical well at ~$1.25M; 20 wells due this year.</li><li>Royalties accounted for about 49% of 2026 operating revenues.</li><li>Guidance for 2027: 33 horizontals; capex ~$1.8M; $0.5M spent.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Mexco Energy Corporation (MXC)</strong>: Reported 2026 Form 10-K results; outlines 2027 drilling plan and cash position (no bank debt).</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>Category: Earnings. The release centers on full-year results and forward capex plans, affecting MXC&#039;s valuation given its small scale and royalty-driven revenue mix.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Oil price realization averaged $64.25/bbl in 2026, pressuring oil-focused cash flow.</li><li>Natural gas realization at $1.86/Mcf provides offset via gas strength.</li><li>2027 plan calls for 33 horizontals with $1.8M capex, potential uplift if wells perform.</li><li>Cash on hand $1.4M and no bank debt limit liquidity risk.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Fiscal 2026 net income: $1,305,722; diluted EPS $0.64 (down 24% YoY).</li><li>Fiscal 2026 operating revenues: $6,561,324; down 8% YoY.</li><li>Oil price realized: $64.25/bbl; natural gas: $1.86/Mcf in 2026.</li><li>Capital activity: 57 horizontal + 1 vertical wells; cost about $1.25M; 20 wells due this year.</li><li>PV of proved reserves: ~$21M as of Mar 31, 2026; oil 659k bbl (-2%), gas 4.67 Bcf (+7%).</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>MXC likely drifts near current levels over the next 6–12 months as drilling activity stabilizes.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">MIDLAND, TX, June  29, 2026  (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MXC">MXC</a>) reported results in its Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended March 31, 2026. The Company reported net income of $1,305,722, or $0.64 per diluted share, a 24% decrease compared to fiscal 2025.</p>  <p align="justify">Operating revenues for fiscal 2026 were $6,561,324, an 8% decrease compared to fiscal 2025. This decrease was primarily attributable to lower average realized oil prices and reduced oil production volumes, partially offset by higher average realized natural gas prices, increased natural gas production volumes, and increased income from one of the Company’s limited liability company investments. For the year ended March 31, 2026, the average realized price for oil was $64.25 per barrel, and the average realized price for natural gas was $1.86 per thousand cubic feet.</p>  <p align="justify">During fiscal 2026, the Company participated in the development of 57 horizontal wells and one vertical well at a cost of approximately $1.25 million, of which 20 wells are expected to be completed during the current fiscal year. Fifty-one of these wells are located in the Delaware Basin, in the western portion of the Permian Basin, in Eddy and Lea Counties, New Mexico. The Company also expended approximately $150,000, representing the remaining amount required to complete 17 horizontal wells that were drilled during fiscal 2025.</p>  <p align="justify">In addition to the working interest activity described above, other operators drilled 177 gross wells (.07 net wells) on the Company’s royalty interests. Approximately 49% of the fiscal 2026 operating revenues were derived from royalties and were therefore free of operating costs to Mexco.</p>  <p align="justify">For the fiscal year ending March 31, 2027, the Company currently expects to participate in the drilling and completion of 33 horizontal wells, as well as the completion of 20 horizontal wells that were drilled during fiscal 2026. The estimated aggregate cost of these activities is approximately $1.8 million, of which approximately $500,000 has been expended to date. The Company continues to evaluate other prospects for participation during the current fiscal year.</p>  <p align="justify">The estimated present value of the Company’s proved reserves at March 31, 2026, was approximately $21 million, based on estimated future net revenues discounted at 10% per annum, pricing and other assumptions set forth in "Item 2 – Properties" of Form 10-K. Estimated proved oil reserves at March 31, 2026, decreased 2% to 659 thousand barrels, while natural gas reserves increased 7% to 4.67 billion cubic feet compared to the prior fiscal year. For fiscal 2026, oil represented approximately 46% of the Company’s total proved reserves and approximately 81% of its oil and gas sales.</p>  <p align="justify">The President and Chief Financial Officer of the Company said, "We have approximately $1.4 million cash on hand, no outstanding indebtedness under our bank line of credit and are actively seeking opportunities."</p>  <p align="justify">Throughout the year, the Company acquired various royalty and mineral interests in 262 gross wells (0.12 net wells) located in Weld County, Colorado; Eddy County, New Mexico; and multiple counties throughout Louisiana and Texas, for an aggregate purchase price of approximately $800,000. These and other related expenditures were funded from cash on hand.</p>  <p align="justify">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 <a href="https://www.globenewswire.com/Tracker?data=o0J9p__sq0j4E0ez_PJ2rhC6DB_1sOcQrjT8KA09lR1H2yu40FvtboRPZLaCpxORW_y-AOhYjrdRHTAW1rt-J0EIzha07-L3MwZ5Xt-9aTQ=" rel="nofollow" target="_blank">www.mexcoenergy.com</a>.</p>  <p align="justify"><i>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&#39;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&#39;s Form 10-K for the fiscal year ended March 31, 2026. Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.</i></p>  <p align="justify">For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer of Mexco Energy Corporation, (432) 682-1119.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1Mzk1MiM3NjgyMzczIzIwOTEwMjg="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MDZmMDJmMzktZmQ5ZS00NzIyLWJhN2MtMDQ0ZDU5YWY3YWE2LTExMDI1OTktMjAyNi0wNi0yOS1lbg==/tiny/Mexco-Energy-Corp-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/a7afc121-72f5-4acc-b382-5bc85a2829d2"><img src="https://ml.globenewswire.com/media/a7afc121-72f5-4acc-b382-5bc85a2829d2/small/mexco-banner-jpg.jpg" border="0" width="132" height="120" alt="Primary Logo"></img></a></p>

Mexco Energy reported 2026 results: net income $1.31M and revenues $6.56M, declines from 2025. It plans 33 new horizontal wells in 2027 with about $1.8M capex, while holding roughly $1.4M in cash and no debt on its bank line facility.

MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Earnings

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