Mexco Energy Corporation
Description
Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio. It also owns leasehold mineral, royalty, and other interests. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was incorporated in 1972 and is based in Midland, Texas.
About
CEO
Mr. Nicholas C. Taylor
Employees
3
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas E&P
MIC code
XASE
Address
415 West Wall, Midland, TX 79701, United States
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Oscillators
No data available
Summary
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Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 30, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| Jun 26, 2025 | — | — | — | — |
| Feb 7, 2025 | — | — | — | — |
| Feb 10, 2023 | — | 0.56 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr.
—
Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total reported revenue | 6.60M | 9.56M | 6.59M | 2.80M | 2.74M |
| Cost of revenue | 3.50M | 3.57M | 2.63M | 1.78M | 1.77M |
| Gross profit | 3.11M | 5.98M | 3.96M | 1.02M | 970,090 |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 1.24M | 1.12M | 949,079 | 833,431 | 1.01M |
| Other operating expenses | 29,869 | 30,532 | 28,560 | 28,548 | 27,235 |
| Operating income | 1.84M | 4.83M | 2.98M | 158,701 | -63,676 |
| Non operating interest income | |||||
| Income | 135,476 | 8,009 | 340 | 706 | 1,854 |
| Expense | 5,234 | 13,097 | 26,512 | 53,232 | 37,656 |
| Other income expense | — | — | — | 49,757 | — |
| Pretax income | 1.97M | 4.83M | 2.96M | 155,932 | -99,478 |
| Tax provision | 620,544 | 164,510 | 102,356 | — | — |
| Net income | 1.34M | 4.66M | 2.86M | 155,932 | -99,478 |
| Basic EPS | 0.64 | 2.17 | 1.36 | 0.08 | -0.05 |
| Diluted EPS | 0.62 | 2.11 | 1.32 | 0.08 | -0.05 |
| Basic average shares | 2.11M | 2.15M | 2.10M | 2.05M | 2.04M |
| Diluted average shares | 2.11M | 2.15M | 2.10M | 2.05M | 2.04M |
| EBITDA | 3.94M | 6.69M | 4.33M | 1.07M | 791,979 |
| Net income from continuing op. | 1.34M | 4.66M | 2.86M | 155,932 | -99,478 |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 19.06M | 17.82M | 13.28M | 10.83M | 10.07M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 2.47M | 2.24M | 1.37M | 57,813 | 34,381 |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 1.01M | 1.37M | 1.31M | 651,786 | 284,697 |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 204,941 | 124,453 | 52,636 | 47,895 | 50,188 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 96.75M | 90.98M | 81.00M | 77.47M | 75.12M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -34.18M | -32.22M | -30.36M | -29.02M | -28.11M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 1.10M | 700,000 | 275,000 | 200,000 | 150,000 |
| Other non current assets | 8,597 | 12,156 | 13,156 | 83,389 | 2,200 |
| Total liabilities | 1.43M | 987,802 | 1.06M | 2.01M | 1.71M |
| Current liabilities | |||||
| Accounts payable | 221,603 | 201,897 | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 19,263 | 56,366 | 54,294 | 21,965 | 65,721 |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 189,254 | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | -1 | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | 19,263 | 75,629 | 1.15M | 768,405 |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 311,661 | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 1.11M | 1.11M | 1.11M | 1.07M | 1.05M |
| Retained earnings | 9.12M | 7.99M | 3.33M | 473,361 | 317,429 |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 17.63M | 16.83M | 12.22M | 8.82M | 8.36M |
| Additional paid in capital | 8.57M | 8.32M | 8.13M | 7.62M | 7.34M |
| Treasury stock | 1.18M | 590,495 | 346,001 | 346,001 | 346,001 |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | 1.34M | 4.66M | 2.86M | 155,932 | -99,478 | -12,946 | -321,489 | -694,553 | -3.98M | -340,986 | 301,113 | -176,374 | 329,993 | 155,696 | 400,839 | 1.17M | 713,644 | 608,385 | 788,805 | 577,527 | 429,846 | 672,808 | 189,291 | 1.54M | 393,647 | -425,774 | -1.32M | 377,867 | 200,606 |
| Depreciation | 1.97M | 1.85M | 1.35M | 906,361 | 853,801 | 802,425 | 880,419 | 1.18M | 1.57M | 1.36M | 1.15M | 1.10M | 996,205 | 1.05M | 1.11M | 1.05M | 779,618 | 652,826 | 658,365 | 582,268 | 633,443 | 641,827 | 448,422 | 377,761 | 426,102 | 909,965 | 2.81M | 477,830 | 262,392 |
| Deferred Taxes | 311,661 | — | — | — | — | — | — | — | -660,870 | -197,499 | 5,250 | -31,504 | -27,960 | 9,906 | -282,737 | -10,786 | 217,594 | -28,050 | 291,452 | 196,012 | 137,489 | 171,139 | 71,096 | 185,495 | — | — | -341,181 | 94,890 | 2,573 |
| Stock-Based Compensation | 229,799 | 142,783 | 87,573 | 55,678 | 34,303 | 22,656 | 20,753 | 52,864 | 116,953 | 153,386 | 152,448 | 138,303 | 120,124 | 51,350 | 26,030 | 54,688 | 85,877 | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 9,100 | -37,618 | 25,387 | 21,694 | 21,719 | 13,126 | 5,851 | -68,626 | 35,155 | 27,932 | 44,366 | 39,376 | 36,251 | 11,603 | -33,797 | -4,135 | 111,039 | 150,420 | 239,314 | — | — | — | — | — | — | 817 | -55,278 | 40,093 | -38,148 |
| Accounts Receivable | 362,920 | -63,678 | -658,351 | -367,089 | 64,903 | 482,640 | -437,083 | -117,133 | 171,044 | 197,173 | -90,901 | -117,123 | 63,052 | 186,157 | -84,393 | 355,960 | -411,139 | 26,896 | 14,167 | -43,706 | 181,386 | -193,089 | 114,896 | -218,054 | -97,247 | 24,851 | 83,354 | -182,671 | -27,476 |
| Accounts Payable | 16,198 | -33,475 | — | — | — | — | 303,831 | -124,002 | -65,577 | 98,494 | 43,289 | -17,358 | 10,257 | -79,840 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | — | — | -1,103 | 530 | 106,933 | -10,404 | -25,609 | -25,219 | — | — | 109,215 | -116,454 | — | — | — | — | 43,924 | -50,146 | -116,341 | 25,020 | -22,340 | 14,080 | -1,422 | -58,553 | -1,421 | — | — | — | — |
| Operating Cash Flow | 4.24M | 6.52M | 3.65M | 773,106 | 982,181 | 1.30M | 426,673 | 200,753 | -2.81M | 1.30M | 1.72M | 819,291 | 1.53M | 1.38M | 1.14M | 2.61M | 1.54M | 1.36M | 1.88M | 1.34M | 1.36M | 1.31M | 822,283 | 1.83M | 721,081 | 509,859 | 1.17M | 808,009 | 399,947 |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -3.04M | -5.31M | -1.88M | -1.47M | -1.59M | -655,395 | 2.07M | 2.43M | 184,059 | -4.77M | -1.19M | -1.24M | -1.17M | -2.43M | -811,169 | -2.94M | -3.03M | -1.53M | -614,094 | -1.49M | -983,706 | -1.63M | -2.25M | -937,307 | -136,574 | -644,999 | -2.10M | -1.30M | -969,271 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | -1.15M | — | -478,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -400,000 | -425,000 | -75,000 | -50,000 | -150,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 18,700 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -3.42M | -5.44M | -1.71M | -1.39M | -1.74M | -655,395 | 2.18M | 2.51M | 132,427 | -4.76M | -1.31M | -2.40M | -1.17M | -2.91M | -811,169 | -2.92M | -3.03M | -1.53M | -614,094 | -1.77M | -983,706 | -1.63M | -2.25M | -937,307 | -136,574 | -639,321 | -2.10M | -2.64M | -945,271 |
| Financing Activities | |||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 275,000 | 675,000 | 275,000 | 1.00M | 1.29M | — | — | — | 400,000 | 3.68M | 850,000 | 1.60M | 1.10M | 2.50M | 75,000 | 1.65M | 2.43M | — | — | — | — | — | — | — | — | — | 685,000 | 1.64M | — |
| Long-Term Debt Payments | -275,000 | -675,000 | -1.46M | -550,000 | -490,000 | -700,000 | -2.20M | -2.68M | -770,000 | -150,000 | -1.38M | -350,000 | -1.20M | -1.40M | -775,000 | -2.85M | -525,000 | — | — | — | — | — | — | — | — | -38,000 | -500,000 | — | — |
| Other Financing Charges | -750 | 17,979 | — | — | -12,266 | -39,532 | — | — | — | — | — | — | — | -25,502 | 25,502 | 539,048 | 1,100 | 19,026 | 18,488 | 39,677 | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -799,385 | -226,515 | -1.18M | 453,574 | 782,734 | -739,532 | -2.20M | -2.68M | -370,000 | 3.52M | -525,000 | 1.23M | -145,560 | 1.05M | -674,498 | -660,952 | 1.79M | 123,316 | 70,988 | 23,027 | 1,561 | -127,536 | -91,231 | -84,934 | — | -38,000 | 1.19M | 1.64M | 500,000 |
| Other Cash Details | |||||||||||||||||||||||||||||
| End Cash Position | 2.47M | 2.24M | 1.37M | 57,813 | 34,381 | 128,252 | 492,610 | 73,451 | 34,013 | 96,084 | 156,082 | 166,406 | 498,681 | 179,071 | 160,439 | 223,583 | 303,617 | 72,537 | 52,768 | 85,209 | 92,795 | 68,547 | 44,958 | 378,816 | 97,712 | 96,198 | 241,348 | 40,813 | 172,112 |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | 13,032 | — | — | — | — | — | — | — | — | 88,551 | 12,269 | 50,000 | 117,056 | 92,675 | — | — | — | — | — | — |
| Interest Paid | 925 | 528 | 14,834 | 39,269 | 23,276 | 21,120 | 94,880 | 156,142 | 167,885 | 91,264 | 67,170 | 49,158 | 27,920 | 35,738 | 34,535 | 89,490 | 97,163 | 22,736 | 102,669 | 84,662 | 83,196 | 94,792 | 55,022 | 99,044 | 109,255 | — | — | — | — |
| Free Cash Flow | 1.08M | 1.20M | 1.86M | -885,191 | -831,181 | 194,629 | -651,633 | -594,599 | -963,297 | -3.61M | -340,007 | -497,165 | -66,830 | -1.10M | 247,195 | -143,560 | -1.60M | -231,563 | 1.22M | -119,495 | 533,773 | -263,932 | -1.35M | 966,038 | -82,178 | -112,828 | -984,529 | -431,416 | -572,862 |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 44,605 | 539,274 | 2.18% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 17,490 | 211,454 | 0.85% |
| RBC Fds Tr-RBC Micro Cap Value Fd | Sep 30, 2024 | 11,700 | 141,453 | 0.57% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 11,067 | 133,800 | 0.54% |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | Sep 30, 2024 | 8,000 | 96,720 | 0.39% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 4,583 | 55,408 | 0.22% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 4,558 | 55,106 | 0.22% |
| DFA U.S. Core Equity 1 Portfolio | Oct 31, 2024 | 4,333 | 52,385 | 0.21% |
| DFA U.S. Vector Equity Portfolio | Oct 31, 2024 | 4,035 | 48,783 | 0.20% |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | Oct 31, 2024 | 3,788 | 45,796 | 0.19% |
Article
Mexco Energy Corporation Reports Financial Results for Third Quarter
MIDLAND, TX, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $1,077,370, or $0.51 per diluted share, for the nine months ending December 31, 2024.
Feb 7, 2025
Article
Mexco Energy Corporation Reports Financial Results for first Six Months
MIDLAND, TX, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $608,237, or $0.29 per diluted share, for the six months ending September 30, 2024.
Nov 7, 2024
Article
Mexco Energy Corporation Reports Financial Results for First Quarter
MIDLAND, TX, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $291,039, or $0.14 per diluted share, for the quarter ending June 30, 2024, the Company's first quarter of fiscal 2025.
Aug 8, 2024
