Mexco Energy Corporation has reported a 27% increase in net income for the fiscal year ending March 31, 2025, reaching $1.7 million compared to $1.3 million in the previous year. This growth was primarily driven by a rise in operating revenues, although partially offset by increased operating expenses. The company's revenue from oil and natural gas sales increased by 10% to $7.1 million, up from $6.5 million the previous fiscal year. This rise was attributed to higher production volumes, despite a decrease in oil and natural gas prices. Mexco Energy Corporation continues to participate in various projects and is evaluating additional opportunities, with funding anticipated to come from existing cash balances, operational cash flow, and potentially through borrowings on the credit facility or sales of non-core properties. The company noted that crude oil and natural gas prices remained volatile over the past year, making future price movements difficult to predict.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mexco Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-016966), on June 27, 2025, and is solely responsible for the information contained therein.
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