MXC news

Mexco Energy reported fiscal 2026 net income of $1.31 million, a 24% decrease driven by lower oil prices. Despite the decline, the company maintains liquidity with no debt and $1.4 million in cash while planning fiscal 2027 drilling activities.

Mexco Energy Corporation's Board of Directors declared a regular annual cash dividend of $0.10 per common share to shareholders of record as of June 15, 2026. The dividend announcement reflects the independent oil and gas company's capital allocation strategy amid operations in the Permian Basin.