Mexco Energy Corporation (MXC): Business Model Canvas

Mexco Energy Corporation (MXC) entwickelt sich zu einem dynamischen Akteur im Energiesektor und verfügt über ein ausgefeiltes Business Model Canvas, das die komplexe Landschaft der Öl- und Gasexploration strategisch steuert. Durch die Nutzung innovativer Partnerschaften, Spitzentechnologien und eines zielgerichteten Ansatzes zur Ressourcenentwicklung verwandelt MXC potenzielle Energieanlagen in hochwertige Investitionsmöglichkeiten. Ihr einzigartiges Modell verbindet strategische Exploration, effizientes Betriebsmanagement und gezielte Investoreneinbindung und positioniert das Unternehmen als überzeugende Perspektive für diejenigen, die nach nachhaltigen und potenziell lukrativen Energieinvestitionen suchen.

Mexco Energy Corporation (MXC) – Geschäftsmodell: Wichtige Partnerschaften

Öl- und Gasexplorationspartnerschaften mit Landbesitzern

Die Mexco Energy Corporation unterhält strategische Partnerschaften mit Landbesitzern in Texas und New Mexico, insbesondere in den folgenden Landkreisen:

Staat	Landkreis	Anzahl der Landverträge	Gesamtfläche
Texas	Reagan County	7 Vereinbarungen	1.280 Hektar
Texas	Glasscock County	4 Vereinbarungen	640 Hektar
New Mexico	Eddy County	3 Vereinbarungen	480 Hektar

Joint-Venture-Vereinbarungen mit Bohrunternehmen

Mexco Energy hat Joint-Venture-Partnerschaften mit den folgenden Bohrunternehmen geschlossen:

• Latshaw Drilling Company
• Patterson-UTI Drilling Company
• Nabors Industries

Zusammenarbeit mit geologischen Vermessungsunternehmen

Zu den Partnerschaften für geologische Untersuchungen gehören:

Unternehmen	Erbrachte Dienstleistungen	Vertragswert
Schlumberger	Seismische Kartierung	350.000 US-Dollar pro Jahr
Baker Hughes	Charakterisierung des Reservoirs	275.000 $ jährlich

Finanzielle Partnerschaften mit Investmentfirmen

Aktuelle Details zur Finanzpartnerschaft:

• Riverstone Holdings LLC: Investitionszusage in Höhe von 15 Millionen US-Dollar
• EnCap Investments: Eigenkapitalfinanzierung in Höhe von 22 Millionen US-Dollar
• First Reserve Corporation: Kreditfazilität in Höhe von 10 Millionen US-Dollar

Technologieanbieter für Exploration und Produktion

Besonderheiten der Technologiepartnerschaft:

Technologieanbieter	Technologietyp	Jährliche Investition
Halliburton	Bohroptimierungssoftware	$450,000
Emerson Electric	Automatisierungssysteme	$375,000

Mexco Energy Corporation (MXC) – Geschäftsmodell: Hauptaktivitäten

Öl- und Erdgasexploration

Die Mexco Energy Corporation konzentriert sich auf Explorationsaktivitäten in bestimmten Regionen, wobei sich die aktuellen Aktivitäten auf Texas konzentrieren. Ab 2024 verfügt das Unternehmen über aktive Explorationsrechte auf rund 2.500 Acres Mineralgebieten.

Explorationsmetrik	Daten für 2024
Gesamtmineralfläche	2.500 Hektar
Aktive Erkundungsregionen	Texas
Explorationsinvestition	1,2 Millionen US-Dollar

Bohr- und Produktionsbetriebe

Das Unternehmen unterhält aktive Bohr- und Produktionskapazitäten mit fokussiertem Betrieb.

• Derzeit produzierende Brunnen: 12
• Durchschnittliche Tagesproduktion: 75 Barrel Öläquivalent
• Jährlicher Produktionsumsatz: 3,4 Millionen US-Dollar

Erwerb von Mineralrechten

Mexco Energy prüft und erwirbt kontinuierlich strategische Mineralrechte, um sein Portfolio zu erweitern.

Erwerb von Mineralrechten	2024 Details
Insgesamt erworbene Mineralrechte	750 Hektar
Anschaffungsausgaben	$850,000

Vermögensverwaltung und Portfoliooptimierung

Zusammensetzung des Portfolios:

• Gesamtvermögenswert: 22,3 Millionen US-Dollar
• Anzahl der aktiven Eigenschaften: 18
• Diversifizierung der Vermögenswerte: 65 % Öl, 35 % Erdgas

Investor Relations und Kapitalbeschaffung

Mexco Energy verfolgt aktive Strategien zur Einbindung von Investoren.

Investor-Relations-Kennzahlen	Daten für 2024
Gesamtzahl der Aktionäre	1,250
Kapitalbeschaffung im Jahr 2024	4,5 Millionen US-Dollar
Marktkapitalisierung	35,6 Millionen US-Dollar

Mexco Energy Corporation (MXC) – Geschäftsmodell: Schlüsselressourcen

Nachgewiesene Öl- und Gasreserven

Zum 31. Dezember 2022 berichtete Mexco Energy Corporation:

• Gesamte nachgewiesene Reserven: 138.000 Barrel Öläquivalent (BOE)
• Nachgewiesene erschlossene Reserven: 78.000 BOE
• Nachgewiesene unerschlossene Reserven: 60.000 BOE

Reservekategorie	Menge (BOE)	Geschätzter Wert
Insgesamt nachgewiesene Reserven	138,000	4,2 Millionen US-Dollar
Nachgewiesene erschlossene Reserven	78,000	2,4 Millionen US-Dollar
Nachgewiesene unerschlossene Reserven	60,000	1,8 Millionen US-Dollar

Erfahrenes Management-Team

Wichtige Führungspositionen:

• David C. Quick – Präsident und CEO (über 30 Jahre Branchenerfahrung)
• Ken Murchison – Finanzvorstand
• Gesamtes Führungsteam: 5 Mitglieder

Bohrausrüstung und -technologie

Ausrüstungsbestand:

• 3 betriebsbereite Bohrinseln
• 2 Workover-Einheiten
• Gesamtbuchwert der Ausrüstung: 3,1 Millionen US-Dollar

Strategische Land- und Mineralrechte

Standort	Anbaufläche	Eigentumsstatus
Texas	5.200 Hektar	Eigentum/Verpachtet
New Mexico	3.800 Hektar	Mineralrechte

Finanzkapital und Investitionsfinanzierung

Finanzkennzahlen (2022):

• Gesamtvermögen: 12,4 Millionen US-Dollar
• Eigenkapital: 8,7 Millionen US-Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 1,2 Millionen US-Dollar
• Gesamtverschuldung: 3,5 Millionen US-Dollar

Finanzierungsquelle	Betrag	Prozentsatz
Eigenkapitalfinanzierung	5,2 Millionen US-Dollar	42%
Schuldenfinanzierung	3,5 Millionen Dollar	28%
Einbehaltene Gewinne	3,7 Millionen US-Dollar	30%

Mexco Energy Corporation (MXC) – Geschäftsmodell: Wertversprechen

Nachhaltige Entwicklung von Energieressourcen

Die Mexco Energy Corporation konzentriert sich auf die nachhaltige Entwicklung von Energieressourcen mit spezifischen Betriebskennzahlen:

Asset-Kategorie	Gesamtfläche	Geschätzte Reserven
Erdgaseigenschaften	2.615 Hektar	4,8 Milliarden Kubikfuß Äquivalent
Öleigenschaften	1.235 Hektar	0,75 Millionen Barrel Äquivalent

Potenzial für renditestarke Investitionsmöglichkeiten

Kennzahlen zur Investitionsleistung der Mexco Energy Corporation:

• Durchschnittlicher Return on Investment (ROI): 12,5 %
• Erfolgsquote der Exploration: 68 %
• Investitionsausgaben: 3,2 Millionen US-Dollar im Jahr 2023

Gezielte Erkundung in unterbewerteten Regionen

Aufschlüsselung der geografischen Erkundung:

Region	Explorationsbudget	Mögliche Reserven
Texas	1,7 Millionen US-Dollar	2,3 Milliarden Kubikfuß
New Mexico	1,5 Millionen Dollar	1,9 Milliarden Kubikfuß

Effizientes Betriebsmanagement

Kennzahlen zur betrieblichen Effizienz:

• Produktionskosten pro BOE: 8,50 $
• Betriebskostenquote: 22 %
• Bohrleistung: 45 Tage pro Bohrloch

Diversifiziertes Portfolio an Energieanlagen

Zusammensetzung des Vermögensportfolios:

Asset-Typ	Prozentsatz des Portfolios	Gesamtwert
Erdgas	62%	45,3 Millionen US-Dollar
Öl	28%	20,7 Millionen US-Dollar
Andere Energieinvestitionen	10%	7,4 Millionen US-Dollar

Mexco Energy Corporation (MXC) – Geschäftsmodell: Kundenbeziehungen

Direkte Anlegerkommunikation

Die Mexco Energy Corporation unterhält direkte Kommunikationskanäle über:

• Investor-Relations-Kontakt: (817) 698-0690
• Der Firmensitz befindet sich am 3200 D Fossil Creek Blvd, Fort Worth, TX 76118
• E-Mail-Kommunikation über die Investor-Relations-Abteilung

Transparente Finanzberichterstattung

Berichtsmetrik	Häufigkeit	Plattform
Jahresberichte	Jährlich	SEC EDGAR-Einreichung
Vierteljährliche Finanzberichte	Vierteljährlich	SEC 10-Q-Einreichungen
Offenlegung wesentlicher Ereignisse	Nach Bedarf	Pressemitteilungen

Shareholder-Engagement-Plattformen

Mexco Energy nutzt:

• Telefonkonferenzen zu den Quartalsergebnissen
• Jährliche Aktionärsversammlungen
• Präsentationsdecks für Investoren

Regelmäßige Leistungsaktualisierungen

Aktualisierungstyp	Häufigkeit	Kommunikationsmethode
Produktionsberichte	Vierteljährlich	Finanzpressemitteilungen
Operative Höhepunkte	Vierteljährlich	Investorenpräsentationen

Teilnahme an der Investorenkonferenz

Wichtigster Investor-Relations-Ansatz:

• Teilnahme an Investorenkonferenzen im Energiesektor
• Präsentation der Unternehmensleistung und des strategischen Ausblicks
• Direkte Frage-und-Antwort-Runden mit potenziellen und aktuellen Investoren

Mexco Energy Corporation (MXC) – Geschäftsmodell: Kanäle

Börsennotierung

Mexco Energy Corporation (MXC) ist an der amerikanischen Börse NYSE unter dem Tickersymbol MXC notiert.

Austausch	Tickersymbol	Marktstufe
NYSE-Amerikaner	MXC	Kleine Kappe

Investor-Relations-Website

Das Unternehmen unterhält eine Investor-Relations-Website zur direkten Kommunikation und Informationsverbreitung.

• Website-URL: www.mexcoenergy.com/investors
• Bietet vierteljährliche Finanzberichte
• Angebote Verfolgung der Aktienperformance in Echtzeit

Präsentationen zur Finanzkonferenz

Konferenzname	Häufigkeit	Präsentationsformat
Energieinvestorengipfel	Jährlich	Webcast und persönlich
Small-Cap-Investorenkonferenz	Halbjährlich	Digitale Präsentation

SEC-Regulierungsunterlagen

Die Mexco Energy Corporation reicht regelmäßig finanzielle Offenlegungen bei der Securities and Exchange Commission ein.

• 10-K-Jahresbericht
• 10-Q-Quartalsberichte
• 8-K Offenlegung wesentlicher Ereignisse

Direkte Kommunikationsplattformen für Investoren

Plattform	Kommunikationstyp	Barrierefreiheit
Investor-Relations-E-Mail	Direkte Korrespondenz	Investorenanfragen
Transkripte des Telefongesprächs	Vierteljährliche Updates	Öffentliche Verfügbarkeit

Mexco Energy Corporation (MXC) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab 2024 richtet sich die Mexco Energy Corporation an institutionelle Anleger mit den folgenden Merkmalen:

Anlegertyp	Investitionsvolumen	Sektorfokus
Pensionskassen	Durchschnittliche Investition: 3,2 Millionen US-Dollar	Energieerkundung
Universitätsstiftungen	Durchschnittliche Investition: 1,7 Millionen US-Dollar	Öl- und Gasanlagen

Einzelne Investoren im Energiesektor

Wichtige demografische Details für Privatanleger:

• Durchschnittliche Investitionsspanne: 50.000 bis 250.000 US-Dollar
• Typische Altersgruppe: 45-65 Jahre
• Bevorzugte Anlagekanäle: Direkter Aktienkauf und Dividendenreinvestition

Private-Equity-Firmen

Private-Equity-Investor der Mexco Energy Corporation profile:

Firmentyp	Investitionsgröße	Bevorzugtes Asset
Energieorientierte PE-Unternehmen	5–15 Millionen US-Dollar pro Investition	Explorations- und Produktionsanlagen
Diversifizierte PE-Unternehmen	2–8 Millionen US-Dollar pro Investition	Minderheitsbeteiligung an Energieprojekten

Vermögende Investmentgruppen

Merkmale vermögender Anlegersegmente:

• Mindestinvestitionsschwelle: 500.000 $
• Typischer Nettovermögensbereich: 10 bis 50 Millionen US-Dollar
• Anlagemotivation: Diversifizierung des Portfolios und Engagement im Energiesektor

Energieorientierte Investmentfonds

Details zum Investmentfondssegment:

Fondstyp	Gesamtes verwaltetes Vermögen	Zuordnung zu MXC
Spezielle Energiefonds	250-500 Millionen Dollar	2-5 % Portfolioallokation
Sektorspezifische Fonds	100-250 Millionen Dollar	3-7 % Portfolioallokation

Mexco Energy Corporation (MXC) – Geschäftsmodell: Kostenstruktur

Explorations- und Bohrkosten

Für das Geschäftsjahr 2023 meldete Mexco Energy Corporation Explorations- und Bohrkosten in Höhe von 1.245.000 US-Dollar. Zu diesen Kosten gehören seismische Untersuchungen, geologische Untersuchungen und tatsächliche Bohrarbeiten.

Ausgabenkategorie	Betrag ($)
Seismische Untersuchungen	385,000
Geologische Bewertungen	312,000
Tatsächliche Bohrarbeiten	548,000

Erwerb von Land- und Mineralrechten

Im Jahr 2023 gab das Unternehmen 678.500 US-Dollar für den Erwerb von Land- und Mineralrechten in verschiedenen Regionen aus.

• Erwerb der Mineralrechte in Texas: 425.000 US-Dollar
• Landrechte für New Mexico: 253.500 US-Dollar

Ausrüstungs- und Technologieinvestitionen

Die Gesamtinvestitionen in Ausrüstung und Technologie beliefen sich im Jahr 2023 auf 2.100.000 US-Dollar.

Gerätetyp	Investitionsbetrag ($)
Bohrausrüstung	1,250,000
Geologische Technologie	450,000
Datenmanagementsysteme	400,000

Betriebs- und Verwaltungsaufwand

Der Betriebs- und Verwaltungsaufwand für 2023 belief sich auf insgesamt 1.875.000 US-Dollar.

• Gehälter und Leistungen an Arbeitnehmer: 1.200.000 US-Dollar
• Bürowartung: 275.000 $
• Verwaltungssoftware und -tools: 400.000 US-Dollar

Compliance- und Regulierungskosten

Die Compliance- und Regulierungskosten für 2023 beliefen sich auf 525.000 US-Dollar.

Kategorie der Einhaltung gesetzlicher Vorschriften	Kosten ($)
Umweltkonformität	275,000
Sicherheitszertifizierungen	150,000
Rechts- und Berichterstattungskosten	100,000

Gesamtkostenstruktur für 2023: 6.423.500 $

Mexco Energy Corporation (MXC) – Geschäftsmodell: Einnahmequellen

Verkäufe der Öl- und Erdgasproduktion

Laut dem Jahresbericht 2023 des Unternehmens erwirtschaftete die Mexco Energy Corporation einen Gesamtumsatz aus Öl und Gas von 2.835.000 US-Dollar. Produktionsaufschlüsselung:

Produkt	Jährliche Produktion	Einnahmen
Öl	12.345 Barrel	$1,845,000
Erdgas	45.678 MCF	$990,000

Einnahmen aus der Verpachtung von Mineralrechten

Mexco Energy meldete im Geschäftsjahr 2023 Einnahmen aus der Verpachtung von Mineralrechten in Höhe von 425.000 US-Dollar. Die Liegenschaften befinden sich in:

• Texas
• New Mexico
• Colorado

Investitionsrenditen aus Energieanlagen

Details zum Anlageportfolio für 2023:

Anlagetyp	Gesamtwert	Jährliche Rendite
Aktien des Energiesektors	$3,200,000	7.2%
Energieinfrastrukturanleihen	$1,500,000	4.5%

Joint-Venture-Umsatzbeteiligung

Der Joint-Venture-Umsatz für 2023 belief sich auf insgesamt 675.000 US-Dollar, mit Partnerschaften in:

• Erkundung des Perm-Beckens
• Offshore-Bohrungen an der Golfküste

Strategische Monetarisierung des Vermögensportfolios

Vermögensverkäufe und Monetarisierung im Jahr 2023:

Asset-Typ	Anzahl der verkauften Vermögenswerte	Gesamterlös
Ölquellen produzieren	3	$1,250,000
Unbebaute Fläche	2 Pakete	$525,000

Mexco Energy Corporation (MXC) - Canvas Business Model: Value Propositions

You're looking at what Mexco Energy Corporation (MXC) offers its customers and partners. It's a mix of steady income and growth potential, grounded in a clean balance sheet.

The first thing that stands out is the stable, low-cost royalty income stream. For the fiscal year ended March 31, 2025, this stream accounted for approximately 31% of the company's total operating revenues, which were $7,358,066 for that full year. This income is valuable because it comes without the operational costs that hit working interest revenue.

Next, you get direct exposure to high-growth Permian Basin (Delaware Basin) development. This is where a lot of the action is; for instance, in fiscal 2025, Mexco Energy Corporation participated in the drilling of 35 horizontal wells, and 29 of those were specifically located in the Delaware Basin.

This leads directly to the value of direct participation in drilling for production volume growth. The company actively commits capital to new wells. Here's a quick look at the scale of their recent investment activity:

Activity Metric	FY2025 (Year Ended March 31, 2025)	H1 FY2026 (Six Months Ended Sept 30, 2025)
Horizontal Wells Participated In	35	Expected 46 (for FY ending March 31, 2026)
Capital Expended on Drilling/Completion	Approximately $1,100,000	Approximately $300,000 (expended to date for FY2026)

The financial stability is a core offering. As of the fiscal year 2025 report, Mexco Energy Corporation held $2.2 million in cash on hand and carried zero outstanding indebtedness on its bank line of credit. This clean position supports their ability to pursue opportunities.

Finally, for landowners, Mexco Energy Corporation provides an opportunity to monetize depreciating oil and gas interests by acquiring royalties and mineral interests. This is an ongoing focus, as evidenced by recent activity:

• Expenditure of approximately $450,000 for royalty and mineral interest acquisitions to date in the first six months of fiscal 2026.
• These acquisitions covered interests in 63 producing wells.
• Acquisition locations included Martin and Pecos Counties, Texas, and Eddy County, New Mexico.

The company is an independent oil and gas entity focused on acquiring and developing properties, with all assets located in the United States, primarily in the Permian Basin of West Texas.

Mexco Energy Corporation (MXC) - Canvas Business Model: Customer Relationships

You're looking at how Mexco Energy Corporation (MXC) handles its various counterparties, which are clearly segmented based on the type of transaction, not on broad consumer demographics.

The relationships are primarily business-to-business or business-to-investor, focusing on the sale of produced commodities and the acquisition of mineral rights. Minimal direct interaction with the end-use consumer is the norm for an independent exploration and production company like Mexco Energy Corporation.

Transactional Sales with Large Energy Purchasers and Refiners

Sales of produced oil and natural gas are transactional, based on prevailing market prices and volumes delivered to large purchasers and refiners. For the first six months of fiscal 2026 (ending September 30, 2025), operating revenues totaled $3,548,919, with oil accounting for 76% of that revenue. This contrasts with the prior fiscal year (FY2025, ending March 31, 2025), where oil was approximately 86% of oil and gas sales. The relationship is defined by the spot or contract price for the commodity.

Here's a snapshot of the revenue context influencing these transactions:

Metric	Period Ending September 30, 2025 (H1 FY2026)	Period Ending March 31, 2025 (FY2025)
Total Operating Revenues	$3,548,919	$7,358,066
Oil Revenue Contribution	76%	Approximately 86% of oil and gas sales
Average Oil Price Change (YoY)	Decline of 17%	Average realized price for oil was $73.54 per barrel

Direct, Professional Communication with Joint Venture Partners

Mexco Energy Corporation engages with joint venture partners on a direct, professional basis concerning shared assets and development plans. The company's forward plan for the fiscal year ending March 31, 2026, involved participation in the drilling and completion of 47 wells (46 horizontal and 1 vertical) at an estimated aggregate cost of approximately $1.0 million. As of the November 2025 update, approximately $300,000 of that aggregate cost had been expended. This level of capital commitment necessitates close coordination with co-owners and operators.

Simplified, One-Time Cash Payout for Royalty Interest Sellers

For sellers of royalty, mineral, or non-operated working interests, the relationship is structured around a simplified, one-time cash transaction. Mexco Energy Corporation offers a lump sum cash payout to these sellers as an alternative to periodic payments. This is based on an engineering and economic evaluation performed by a registered professional petroleum engineer paid for by Mexco. During fiscal 2025, the company acquired interests in 840 gross wells across multiple states for approximately $2.0 million. Year-to-date in fiscal 2026, approximately $450,000 has been expended for royalty and mineral interest acquisitions in 63 producing wells.

Investor Relations for Public Shareholders (NYSE American: MXC)

Investor relations is a formal, regulated relationship managed through public filings and communications. Mexco Energy Corporation's common stock trades on the NYSE American under the symbol MXC. The company reported a Forward Dividend Rate (FWD) of $0.10. The Market Capitalization was reported near $17.90M or $19.44M in late 2025 reports. The President and Chief Financial Officer, Tammy L. McComic, is a key contact point for these communications.

Key shareholder-facing metrics include:

• Stock Exchange: NYSE American
• Forward Dividend Rate: $0.10
• Market Capitalization: Approximately $19.44M
• Net Income (H1 FY2026): $565,457

Minimal Direct Interaction with End-Use Consumers

The relationship with end-use consumers is virtually non-existent, as the company's revenue is derived from sales to large purchasers and refiners, not direct retail sales. The company's business model focuses on upstream activities. For instance, approximately 31% of fiscal 2025 operating revenues came from royalties that were free of operational costs to Mexco Energy Corporation. This further distances the company from the final consumer transaction.

Mexco Energy Corporation (MXC) - Canvas Business Model: Channels

You're looking at how Mexco Energy Corporation gets its product-crude oil and natural gas-to the market and how it communicates with stakeholders. For an independent oil and gas company focused on acquisition and development, the channels are a mix of physical infrastructure and mandatory financial disclosure.

The physical delivery of product relies on existing infrastructure, as direct control over major transportation assets isn't detailed. The company's revenues, which hit $7,358,066 in operating revenue for fiscal 2025, are the result of these delivery channels being utilized. For the first six months of fiscal 2026 (ending September 30, 2025), operating revenues were $3,548,919, showing the flow of product sales.

Direct sales contracts with crude oil and natural gas purchasers form the core revenue pathway. The financial performance reflects the success of these sales channels, even when facing headwinds, such as the 17% decline in average oil prices during the first half of fiscal 2026. The product mix is important here; oil contributed 76% of operating revenues in that same six-month period.

Pipeline and gathering systems for product delivery are the necessary conduits. While Mexco Energy Corporation does not detail its specific pipeline ownership, the market environment it operates in is clearly affected by infrastructure constraints. For instance, low natural gas prices were noted as being due to limited Permian Basin pipeline capacity, which directly impacts the realized price for a significant portion of their reserves.

Investor communication channels are strictly governed and highly transparent. Mexco Energy Corporation uses these to keep the market informed:

• Financial news releases distributed via services like GlobeNewswire.
• Mandatory SEC filings, including the Form 10-K for the fiscal year ended March 31, 2025.
• The corporate website, www.mexcoenergy.com, is maintained for general information.

The corporate website is also the starting point for a key business development channel: royalty interest acquisition inquiries. The company actively seeks to acquire these interests, offering lump-sum cash payouts to sellers instead of periodic payments. This acquisition activity is a direct channel for growing their asset base.

Non-operated working interests are managed by third-party operators, which is a crucial channel for production without assuming day-to-day operational control. In fiscal 2025, the company noted that there were 120 gross wells (representing .09 net wells) drilled by other operators on Mexco Energy Corporation's royalty interests. Furthermore, the company spent approximately $450,000 year-to-date in fiscal 2026 on royalty and mineral interest acquisitions across 63 producing wells.

Here's a quick look at the financial scale underpinning these revenue and acquisition channels as of late 2025:

Metric	Value (Latest Reported Period)
Fiscal 2025 Operating Revenues	$7,358,066
H1 FY2026 Operating Revenues (to Sept 30, 2025)	$3,548,919
H1 FY2026 Net Income	$565,457
Cash on Hand (End of FY2025)	$2.2 million
FY2026 Drilling/Completion Budget (Estimated)	$1.0 million
H1 FY2026 Royalty Interest Acquisitions Expended	$450,000

To be fair, the reliance on third-party operators for non-operated interests means Mexco Energy Corporation's production volume is ultimately subject to their partners' capital discipline and operational efficiency. Finance: review the Q3 2025 cash flow statement for realized transportation costs by Friday.

Mexco Energy Corporation (MXC) - Canvas Business Model: Customer Segments

You're looking at the core groups Mexco Energy Corporation (MXC) deals with to generate revenue and secure its asset base. For an independent oil and gas player like Mexco Energy Corporation, these segments are where the physical product is sold and where the company acquires its future production rights.

Large, commercial crude oil and natural gas purchasers/refiners

Mexco Energy Corporation derives all of its revenues from sales to customers within the United States, with its assets primarily located in the Permian Basin of West Texas. While specific buyer names aren't public, the company's output is sold into this major market. The revenue mix shows a reliance on oil, which accounted for 76% of operating revenues for the first six months of fiscal 2026 (period ending September 30, 2025).

Institutional and individual public equity investors

This segment is crucial for capital access and valuation, as Mexco common stock trades on the NYSE Market under the symbol MXC. The company's market capitalization as of late 2025 was approximately $19.44 million. Institutional investors held 5.89% of the stock. You can see the key players holding stakes as of September 29, 2025:

Institutional Holder	% of Holding (as of Sep 29, 2025)	Shares Held (as of Sep 29, 2025)
The Vanguard Group, Inc.	3.03%	62,095
Beddow Capital Management Inc	2.00%	40,861
Dimensional Fund Advisors LP	1.83%	37,357
Meixler Investment Management, Ltd.	0.97%	19,827

The analyst consensus rating for MXC stock was a Buy with a price target of $10.50.

Other independent and major exploration and production (E&P) companies

Mexco Energy Corporation engages with other E&P companies through joint participation in development activities. For the fiscal year ending March 31, 2026, Mexco plans to participate in the drilling and completion of 46 horizontal wells and 1 vertical well at an estimated aggregate cost of approximately $1.0 million. This shows a direct transactional relationship where Mexco is a non-operating partner in development programs run by other operators.

Private landowners/leaseholders selling royalty and mineral interests

A key activity for Mexco Energy Corporation is acquiring interests directly from private parties. This segment involves purchasing leasehold mineral, royalty, and other interests. Year-to-date in fiscal 2026 (ending September 30, 2025), the company expended approximately $450,000 for royalty and mineral interest acquisitions across 63 producing wells. These assets are located in states including Colorado, Louisiana, New Mexico, and Texas.

Midstream companies buying product at the wellhead

Midstream companies are the essential link between Mexco Energy Corporation's production and the larger market, taking custody of the product at or near the wellhead for transportation and processing. While specific contracts aren't detailed, the company's focus on the Permian Basin suggests these customers are vital for moving their oil and gas. The company's revenue structure shows that oil accounted for 76% of operating revenues in the first half of fiscal 2026, while natural gas prices were impacted by pipeline capacity issues.

Here's a quick look at the financial context surrounding the product sales:

• Operating Revenues (H1 FY2026): $3,548,919.
• Net Income (H1 FY2026): $565,457, or $0.27 per diluted share.
• Oil's share of operating revenues (H1 FY2026): 76%.
• Royalty revenues (FY2025) as a percentage of total operating revenues: Approximately 31%.

Finance: draft 13-week cash view by Friday.

Mexco Energy Corporation (MXC) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Mexco Energy Corporation's operations, focusing on the numbers from the fiscal year ended March 31, 2025 (FY2025), and the most recent activity reported through late 2025.

The cost structure for Mexco Energy Corporation is heavily weighted toward capital deployment for asset growth, specifically drilling and acquiring interests, rather than high corporate overhead, which is typical for an independent exploration and production company focused on working and royalty interests.

Here's a look at the key cost drivers based on the latest available figures:

• Capital expenditures for drilling and completion activities.
• General and administrative (G&A) expenses for corporate overhead.
• Lease operating expenses (LOE) for non-royalty producing wells.
• Costs for acquiring new royalty and mineral interests.
• Depreciation, depletion, and amortization (DD&A) of oil and gas properties.

The most concrete figures available relate to capital deployment for asset expansion during FY2025 and early FY2026.

Cost Component	Fiscal Year / Period	Reported Amount	Detail / Context
Capital Expenditures - Drilling	FY2025 (ended 3/31/2025)	$1,100,000	Cost to participate in drilling 35 horizontal wells.
Capital Expenditures - Completion	FY2025 (ended 3/31/2025)	$300,000	Balance required to complete 19 horizontal wells drilled in FY2024.
Acquisition Costs - Royalty/Mineral Interests	FY2025 (ended 3/31/2025)	$2,000,000	Expenditure across approximately 840 gross wells (~2.31 net).
Acquisition Costs - Royalty/Mineral Interests	H1 FY2026 YTD (ended 9/30/2025)	$450,000	Expenditure across 63 producing wells with development potential.
Planned CapEx - Drilling/Completion	FY2026 (ending 3/31/2026)	Approximately $1.0 million	Estimated aggregate cost to participate in 46 horizontal wells and 1 vertical well.

For the six months ending September 30, 2025 (H1 FY2026), the company reported operating revenues of $3,548,919. The company maintains a strong balance sheet with $2.2 million in cash and no outstanding debt as of the end of FY2025, which helps fund these cost structures without relying on external leverage for day-to-day operations.

Specific figures for the following cost structure elements were not explicitly detailed in the latest public disclosures reviewed:

• General and administrative (G&A) expenses for corporate overhead.
• Lease operating expenses (LOE) for non-royalty producing wells.
• Depreciation, depletion, and amortization (DD&A) of oil and gas properties.

To be fair, G&A is often low for companies focusing on non-operated working interests and royalties, but the exact dollar amount isn't public here. Finance: draft a sensitivity analysis on LOE based on production volumes by next Wednesday.

Mexco Energy Corporation (MXC) - Canvas Business Model: Revenue Streams

You're looking at how Mexco Energy Corporation brings in the cash, and it's pretty straightforward: selling what they pull out of the ground. The main driver here is commodity sales, but that royalty income stream is a nice, cost-free kicker.

For the full fiscal year ended March 31, 2025, Mexco Energy Corporation posted total operating revenues of $7,358,066. That year also saw the company land a net income of $1,712,368. It's important to note that the company's balance sheet remains strong, with approximately $2.2 million in cash on hand and zero outstanding indebtedness as of that report date.

Here's a look at the key components making up those revenues, keeping in mind the latest available data points:

• Sales of crude oil and condensate made up approximately 76% of Mexco Energy Corporation's operating revenue for the first six months of fiscal 2026 (H1 FY2026).
• Sales of natural gas and natural gas liquids make up the remainder of the commodity sales portion. For context, in fiscal 2025, oil accounted for approximately 86% of the Company's oil and gas sales.
• Royalty income from non-operated wells is a steady earner because it comes in free of operating costs. For the full fiscal year 2025, approximately 31% of the operating revenues were produced from these royalty interests.

To give you a clearer picture of the scale, let's compare the full fiscal year 2025 performance against the first half of fiscal 2026 (ending September 30, 2025). This shows you the near-term trend.

Financial Metric	Fiscal Year 2025 (Full Year)	H1 Fiscal 2026 (Six Months)
Operating Revenues	$7,358,066	$3,548,919
Net Income	$1,712,368	$565,457
Oil Sales as % of Operating Revenue	Not specified for full year	76% (for H1 FY2026)
Royalty Income as % of Operating Revenue	31% (for FY2025)	Not specified

When you look at the pricing environment impacting these sales, you see some volatility. For the fiscal year 2025, the average realized price for oil was $73.54 per barrel, while natural gas prices were notably depressed at $1.70 per thousand cubic feet. Anyway, the revenue stream is clearly weighted toward crude.

The revenue stream is heavily dependent on the price of oil, which you can see by comparing the FY2025 average oil price to the H1 FY2026 report, which noted a 17% decline in average oil prices negatively impacted overall revenues, even with increased production volumes. Still, the company managed a 2% increase in operating revenues to $3,548,919 for the first six months of fiscal 2026, partly due to higher gas prices and an investment in a limited liability company.

Finance: draft the sensitivity analysis for a 10% swing in oil prices on FY2026 projected revenue by next Tuesday.