MEXCO ENERGY CORP
For the period ended Mar 31, 2024. Filed Jun 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 27, 2024
MXC$8.86-0.6%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
Years ended March 31,
| 2024 | 2023 | |
|---|---|---|
| Operating revenues: | ||
| Oil sales | $5,348,257 | $6,522,163 |
| Natural gas sales | 1,114,390 | 2,858,460 |
| Other | 142,237 | 176,666 |
| Total operating revenues | 6,604,884 | 9,557,289 |
| Operating expenses: | ||
| Production | 1,526,472 | 1,719,719 |
| Accretion of asset retirement obligation | 29,869 | 30,532 |
| Depreciation, depletion and amortization | 1,969,742 | 1,854,047 |
| General and administrative | 1,243,547 | 1,120,691 |
| Total operating expenses | 4,769,630 | 4,724,989 |
| Operating income | 1,835,254 | 4,832,300 |
| Other income (expenses): | ||
| Interest income | 135,476 | 8,009 |
| Interest expense | (5,234) | (13,097) |
| Net other expense | 130,242 | (5,088) |
| Income before provision for income taxes | 1,965,496 | 4,827,212 |
| Income tax expense: | ||
| Current | 308,883 | 164,510 |
| Deferred | 311,661 | - |
| Total income tax expense | 620,544 | 164,510 |
| Net income | $1,344,952 | $4,662,702 |
| Income per common share: | ||
| Basic: | $0.64 | $2.17 |
| Diluted: | $0.62 | $2.11 |
| Weighted average common shares outstanding: | ||
| Basic: | 2,114,360 | 2,146,491 |
| Diluted: | 2,161,010 | 2,208,663 |
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