Mexco Energy Sees 107% Net Income Surge on Higher Oil Prices

Mexco Energy Corporation's net income soared by 107% in Q1 fiscal 2027, reaching $501,065 or $0.24 per diluted share.

The increase was largely driven by a 52% rise in average oil prices, which offset decreases in oil and natural gas production and prices.

The company plans to invest approximately $2.1 million in royalty property acquisitions during the quarter, reflecting its ongoing strategy of acquiring oil and gas royalty interests with development potential.