MEXCO ENERGY CORP
For the period ended Mar 31, 2025. Filed Jun 27, 2025.
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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.
FY2025 · Filed Jun 27, 2025
MXC$8.86-0.6%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
Years ended March 31,
| 2025 | 2024 | |
|---|---|---|
| Operating revenues: | ||
| Oil sales | $6,145,674 | $5,348,257 |
| Natural gas sales | 970,811 | 1,114,390 |
| Other | 241,581 | 142,237 |
| Total operating revenues | 7,358,066 | 6,604,884 |
| Operating expenses: | ||
| Production | 1,605,096 | 1,526,472 |
| Accretion of asset retirement obligation | 29,983 | 29,869 |
| Depreciation, depletion and amortization | 2,452,694 | 1,969,742 |
| General and administrative | 1,320,074 | 1,243,547 |
| Total operating expenses | 5,407,847 | 4,769,630 |
| Operating income | 1,950,219 | 1,835,254 |
| Other income (expenses): | ||
| Interest income | 72,629 | 135,476 |
| Interest expense | (6,150) | (5,234) |
| Net other income (expense) | 66,479 | 130,242 |
| Income before provision for income taxes | 2,016,698 | 1,965,496 |
| Provision for income taxes | 304,330 | 620,544 |
| Net income | $1,712,368 | $1,344,952 |
| Income per common share: | ||
| Basic: | $0.83 | $0.64 |
| Diluted: | $0.81 | $0.62 |
| Weighted average common shares outstanding: | ||
| Basic: | 2,064,147 | 2,114,360 |
| Diluted: | 2,107,775 | 2,161,010 |
| Dividends declared per share | $0.10 | $0.10 |
The accompanying notes to the consolidated financial statementsare an integral part of these statements.
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