Mexco Energy 11/8/2023 Earnings Report

Mexco Energy EPS Results

• Actual EPS: $0.12
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Mexco Energy Revenue Results

• Actual Revenue: $1.41 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Mexco Energy Announcement Details

• Date: 11/8/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Mexco Energy (NYSE:MXC) Inc. is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on identifying and developing onshore unconventional and conventional reservoirs to optimize hydrocarbon recovery and maintain a balanced portfolio of production assets. Its operations encompass both drilling new wells and acquiring producing properties to support steady production growth.

Mexco’s core assets are concentrated in key Texas basins, including the Fort Worth Basin—home to Barnett Shale formations—and select positions in the Permian Basin. The company targets liquids-rich zones and employs horizontal drilling combined with multi-stage fracture stimulation to enhance well performance. Production volumes are comprised of crude oil, condensate, natural gas and natural gas liquids, which Mexco markets through regional midstream and marketing partners.

Incorporated in Delaware in 2004 and headquartered in Dallas, Texas, Mexco Energy seeks to manage costs while advancing its development program. The company’s leadership team emphasizes operational efficiency, reserve replacement and capital discipline, aiming to deliver value through prudent asset management and strategic acquisitions.

To support its operations, Mexco invests in infrastructure and completion technologies designed to reduce cycle times and improve environmental performance. By focusing on scalable production projects and maintaining flexibility in its development plans, the company works to strengthen its position within competitive U.S. oil and gas plays.