Mexco Energy Share Price Today

Mexco Energy Q1 net profit jumps 107% YoY to $501,065

Mexco Energy's Q1 FY27 results show a 107% surge in net profit to $501,065, driven by rising oil prices despite lower production volumes. Revenue grew 13% to $1.98 million. The company invested $2.1 million in royalty acquisitions and plans further drilling activities.

Mexco Energy Q1 sales fall to $1.629M, FY26 net income drops 24%

Mexco Energy reported Q1 sales of $1.629M, down from $1.814M YoY. For FY26, net income fell 24% to $1.3M as revenue dropped 8% to $6.56M, driven by lower oil prices. The company holds $1.4M in cash and plans $1.8M in drilling costs for FY27.