Mexco Energy Corporation reported a 67% increase in net income to $945,152 for the first six months ending September 30, 2026, driven by a 21% rise in operating revenues to $4.1 million. The revenue growth was mainly due to a 43% increase in average oil prices, which offset a 23% drop in natural gas prices and a 7% decline in oil production. The company plans to drill and complete 75 horizontal wells in fiscal 2027 with an estimated cost of $1.8 million and continues to explore additional drilling opportunities. Mexco also invested $3.2 million in acquiring oil and gas royalty interests as part of its growth strategy.
Mexco Energy Corporation's net income rose 67% to $945,152 in the first half of 2026, providing context for energy market activity. For readers following energy stocks, here is Pluang's market snapshot as of Nov 13, 2026 04:21 WIB: Among 79 priced US energy stocks, 52 advanced and 27 declined. Notable movers include LEU at USD 104.39 with a 6.94% drop and 67% sell order activity, KOS at USD 2.17 up 6.62% with 100% buy orders, and SM at USD 32.92 up 5.65% also with 100% buy orders.
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