Form 8-K
8-K — MEXCO ENERGY CORP
Accession: 0001493152-26-030388
Filed: 2026-06-29
Period: 2026-06-29
CIK: 0000066418
SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)
Item: Results of Operations and Financial Condition
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-99.1 (ex99-1.htm)
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8-K
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934.
Date
of Report: June 29, 2026
(Date
of earliest event reported)
Mexco
Energy Corporation
(Exact
name of registrant as specified in its charter)
CO
1-31785
84-0627918
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
415
W. Wall Street,
Suite
475
Midland,
TX
79701
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code: 432-682-1119
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.13e-4(c))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.50 per share
MXC
NYSE
American
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
2.02 Results
of Operations and Financial Condition.
On
June 29, 2026, Mexco Energy Corporation (the “Registrant”) issued a news release to announce its financial results
for the year ended March 31, 2026.
Item
8.01 Other
Events
On
June 29, 2026, Mexco Energy Corporation issued a news release to announce further development of properties.
Copy
of the news release is filed as Exhibit 99.1.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Document
99.1
News
release dated June 29, 2026.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
MEXCO
ENERGY CORPORATION
Dated:
June 29, 2026
By:
/s/
Tammy McComic
Tammy
McComic
President
and Chief Financial Officer
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit 99.1
June
29, 2026
FOR
IMMEDIATE RELEASE
MEXCO
ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2026
MIDLAND,
TX – 06/29/2026 – Mexco Energy Corporation (NYSE American: MXC) 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.
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.
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.
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.
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.
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.
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.”
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.
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 www.mexcoenergy.com.
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’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’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.
For
additional information, please contact: Tammy L. McComic, President and Chief Financial Officer of Mexco Energy Corporation, (432) 682-1119.
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