MEXCO ENERGY CORP
For the period ended Mar 31, 2026. Filed Jun 29, 2026.
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FY2026 · Filed Jun 29, 2026
MXC$9.01+1.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Years ended March 31,
| 2026 | 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $1,305,722 | $1,712,368 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Deferred income tax expense | 213,069 | 8,943 |
| Stock-based compensation | 174,000 | 205,639 |
| Depreciation, depletion and amortization | 2,523,827 | 2,452,694 |
| Accretion of asset retirement obligations | 32,168 | 29,983 |
| Amortization of debt issuance costs | 4,343 | 4,299 |
| Changes in operating assets and liabilities: | ||
| Increase in accounts receivable | (217,796) | (170,644) |
| Decrease (increase) in right-of-use asset | 51,003 | (107,262) |
| Increase in prepaid expenses | (7,866) | (4,788) |
| (Decrease) increase in accounts payable and accrued expenses | (33,087) | 69,059 |
| (Decrease) increase in operating lease liability | (51,003) | 107,262 |
| (Decrease) increase in income tax payable | (175,599) | 3,548 |
| Settlement of asset retirement obligations | (39,629) | (41,480) |
| Net cash provided by operating activities | 3,779,152 | 4,269,621 |
| Cash flows from investing activities: | ||
| Additions to oil and gas properties | (2,189,426) | (3,416,616) |
| Additions to other property and equipment | (3,575) | - |
| Drilling refund | 54,368 | 59,471 |
| Investment in limited liability companies at cost | (427,429) | (1,000,000) |
| Proceeds from sale of oil and gas properties and equipment | 25,901 | 202,570 |
| Net cash used in investing activities | (2,540,161) | (4,154,575) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | - | 77,641 |
| Proceeds from long-term debt | - | 650,000 |
| Debt issuance costs | (12,370) | - |
| Dividends paid | (204,600) | (209,000) |
| Acquisition of treasury stock | - | (703,216) |
| Reduction of long-term debt | - | (650,000) |
| Net cash used in financing activities | (216,970) | (834,575) |
| Net increase (decrease) in cash and cash equivalents | 1,022,021 | (719,529) |
| Cash and cash equivalents at beginning of year | 1,753,955 | 2,473,484 |
| Cash and cash equivalents at end of year | $2,775,976 | $1,753,955 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $36 | $1,852 |
| Cash paid for income taxes | $362,802 | $228,487 |
| Accrued capital expenditures included in accounts payable | $144,047 | $38,417 |
| Non-cash investing and financing activities: | ||
| Asset retirement obligations | $9,592 | $5,231 |
MEXCO ENERGY CORPORATION AND SUBSIDIARIES
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