MEXCO Energy Corporation (MXC): Business Model Canvas [Jan-2025 Mise à jour]

MEXCO Energy Corporation (MXC) émerge comme un acteur dynamique dans le secteur de l'énergie, exerçant une toile de modèle commercial sophistiqué qui navigue stratégiquement dans le paysage complexe de l'exploration pétrolière et gazière. En tirant parti des partenariats innovants, des technologies de pointe et une approche axée sur le laser pour le développement des ressources, MXC transforme les actifs énergétiques potentiels en opportunités d'investissement à grande valeur. Leur modèle unique prie l'exploration stratégique, la gestion opérationnelle efficace et l'engagement ciblé des investisseurs, positionnant l'entreprise comme une perspective convaincante pour ceux qui recherchent des investissements énergétiques durables et potentiellement lucratifs.

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: partenariats clés

Partenariats d'exploration pétrolière et gazière avec les propriétaires fonciers

MEXCO Energy Corporation entretient des partenariats stratégiques avec les propriétaires fonciers au Texas et au Nouveau-Mexique, en particulier dans les comtés suivants:

État	Comté	Nombre d'accords fonciers	Superficie totale
Texas	Comté de Reagan	7 accords	1 280 acres
Texas	Comté de Glasscock	4 accords	640 acres
New Mexico	Comté d'Eddy	3 accords	480 acres

Contrats de coentreprise avec des entrepreneurs de forage

MEXCO Energy a établi des partenariats de coentreprise avec les entrepreneurs de forage suivants:

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

Collaboration avec les sociétés de sondage géologique

Les partenariats de l'enquête géologique comprennent:

Entreprise	Services fournis	Valeur du contrat
Schlumberger	Cartographie sismique	350 000 $ par an
Baker Hughes	Caractérisation du réservoir	275 000 $ par an

Partenariats financiers avec les sociétés d'investissement

Détails actuels du partenariat financier:

• Riverstone Holdings LLC: 15 millions de dollars d'engagement d'investissement
• ENCAP Investments: 22 millions de dollars financement en actions
• First Reserve Corporation: 10 millions de dollars.

Fournisseurs de technologie pour l'exploration et la production

Spécifications du partenariat technologique:

Fournisseur de technologie	Type de technologie	Investissement annuel
Halliburton	Logiciel d'optimisation de forage	$450,000
Emerson Electric	Systèmes d'automatisation	$375,000

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: activités clés

Exploration du pétrole et du gaz naturel

MEXCO Energy Corporation se concentre sur les activités d'exploration dans des régions spécifiques, avec des opérations actuelles concentrées au Texas. En 2024, la Société maintient des droits d'exploration actifs sur environ 2 500 acres d'intérêts minéraux.

Métrique d'exploration	2024 données
Acres de minéraux totaux	2 500 acres
Régions d'exploration active	Texas
Investissement d'exploration	1,2 million de dollars

Opérations de forage et de production

La société maintient des capacités de forage et de production actives avec des opérations ciblées.

• Puits de production actuels: 12
• Production quotidienne moyenne: 75 barils de pétrole équivalent
• Revenus de production annuels: 3,4 millions de dollars

Acquisition des droits minéraux

MEXCO Energy évalue et acquiert continuellement les droits minéraux stratégiques pour étendre son portefeuille.

Acquisition des droits minéraux	2024 Détails
Total des droits minéraux acquis	750 acres
Dépenses d'acquisition	$850,000

Gestion des actifs et optimisation du portefeuille

Composition de portefeuille:

• Valeur totale de l'actif: 22,3 millions de dollars
• Nombre de propriétés actives: 18
• Diversification des actifs: 65% de pétrole, 35% de gaz naturel

Relations avec les investisseurs et augmentation des capitaux

MEXCO Energy maintient des stratégies d'engagement des investisseurs actifs.

Métriques des relations avec les investisseurs	2024 données
Total des actionnaires	1,250
Capital levé en 2024	4,5 millions de dollars
Capitalisation boursière	35,6 millions de dollars

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: Ressources clés

Réserves de pétrole et de gaz éprouvées

Au 31 décembre 2022, Mexco Energy Corporation a rapporté:

• Total des réserves prouvées: 138 000 barils d'équivalent de pétrole (BOE)
• Réserves développées prouvées: 78 000 BOE
• Réserves non développées non développées: 60 000 BOE

Catégorie de réserve	Quantité (BOE)	Valeur estimée
Total des réserves prouvées	138,000	4,2 millions de dollars
Réserves développées prouvées	78,000	2,4 millions de dollars
Réserves non développées	60,000	1,8 million de dollars

Équipe de gestion expérimentée

Positions clés en leadership:

• David C. Quick - président et chef de la direction (plus de 30 ans d'expérience dans l'industrie)
• Ken Murchison - directeur financier
• Équipe de direction totale: 5 membres

Équipement et technologie de forage

Inventaire de l'équipement:

• 3 plates-formes de forage opérationnelles
• 2 unités de travail
• Valeur comptable totale de l'équipement: 3,1 millions de dollars

Droits terrestres et minéraux stratégiques

Emplacement	Superficie	Statut de propriété
Texas	5 200 acres	Possédé / loué
New Mexico	3 800 acres	Droits minéraux

Financement financier des capitaux et des investissements

Métriques financières (2022):

• Total des actifs: 12,4 millions de dollars
• Présentation des actionnaires: 8,7 millions de dollars
• Cash et équivalents en espèces: 1,2 million de dollars
• Dette totale: 3,5 millions de dollars

Source de financement	Montant	Pourcentage
Financement par actions	5,2 millions de dollars	42%
Financement de la dette	3,5 millions de dollars	28%
Des bénéfices non répartis	3,7 millions de dollars	30%

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: propositions de valeur

Développement de ressources énergétiques durables

MEXCO Energy Corporation se concentre sur le développement durable des ressources énergétiques avec des mesures opérationnelles spécifiques:

Catégorie d'actifs	Superficie totale	Réserves estimées
Propriétés du gaz naturel	2 615 acres	4,8 milliards de pieds cubes équivalents
Propriétés du pétrole	1 235 acres	0,75 million de barils équivalent

Potentiel de possibilités d'investissement à haut rendement

Mesures de performance d'investissement pour MEXCO Energy Corporation:

• Retour d'investissement moyen (ROI): 12,5%
• Taux de réussite de l'exploration: 68%
• Dépenses en capital: 3,2 millions de dollars en 2023

Exploration concentrée dans les régions sous-évaluées

Répartition de l'exploration géographique:

Région	Budget d'exploration	Réserves potentielles
Texas	1,7 million de dollars	2,3 milliards de pieds cubes
New Mexico	1,5 million de dollars	1,9 milliard de pieds cubes

Gestion opérationnelle efficace

Métriques d'efficacité opérationnelle:

• Coût de production par BOE: 8,50 $
• Ratio de dépenses de fonctionnement: 22%
• Efficacité de forage: 45 jours par puits

Portfolio diversifié d'actifs énergétiques

Composition du portefeuille d'actifs:

Type d'actif	Pourcentage de portefeuille	Valeur totale
Gaz naturel	62%	45,3 millions de dollars
Huile	28%	20,7 millions de dollars
Autres investissements énergétiques	10%	7,4 millions de dollars

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: relations avec les clients

Communications des investisseurs directs

MEXCO Energy Corporation maintient les canaux de communication directs à travers:

• Contact sur les relations avec les investisseurs: (817) 698-0690
• Office d'entreprise situé au 3200 D Fossil Creek Blvd, Fort Worth, TX 76118
• Communication par e-mail via le service des relations avec les investisseurs

Information financière transparente

Métrique de rapport	Fréquence	Plate-forme
Rapports annuels	Annuellement	SEC Edgar Dosting
États financiers trimestriels	Trimestriel	SEC 10-Q Disposing
Divulgations des événements matériels	Au besoin	Communiqués de presse

Plateformes d'engagement des actionnaires

MEXCO Energy utilise:

• Conférences de résultats trimestriels
• Réunions annuelles des actionnaires
• Disques de présentation des investisseurs

Mises à jour régulières des performances

Type de mise à jour	Fréquence	Méthode de communication
Rapports de production	Trimestriel	Communiqués de presse financière
Points saillants opérationnels	Trimestriel	Présentations des investisseurs

Participation de la conférence des investisseurs

Approche clé des relations avec les investisseurs:

• Participation aux conférences des investisseurs du secteur de l'énergie
• Présentation des performances de l'entreprise et des perspectives stratégiques
• Sessions de questions / réponses directes avec des investisseurs potentiels et actuels

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: canaux

Cotation boursière

MEXCO Energy Corporation (MXC) est inscrite à la Bourse d'Amérique du NYSE sous le symbole de ticker MXC.

Échange	Symbole de ticker	Niveau de marché
Nyse américain	Mxc	Capuchon

Site Web de relations avec les investisseurs

La Société maintient un site Web de relations avec les investisseurs pour la communication directe et la diffusion de l'information.

• URL du site Web: www.mexcoenergy.com/investors
• Proposer rapports financiers trimestriels
• Offres Suivi des performances des stocks en temps réel

Présentations de la conférence financière

Nom de conférence	Fréquence	Format de présentation
Sommet sur les investisseurs en énergie	Annuellement	Webdiffion et en personne
Conférence des investisseurs à petit cap	Bi-annuellement	Présentation numérique

Dossages réglementaires de la SEC

MEXCO Energy Corporation dépose des divulgations financières régulières auprès de la Securities and Exchange Commission.

• Rapport annuel de 10 K
• Rapports trimestriels 10-Q
• Divulgations des événements de matériaux 8-K

Plateformes de communication des investisseurs directs

Plate-forme	Type de communication	Accessibilité
Email des relations avec les investisseurs	Correspondance directe	Enquêtes sur les investisseurs
Transcriptions d'appel des gains	Mises à jour trimestrielles	Disponibilité publique

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels

En 2024, MEXCO Energy Corporation cible les investisseurs institutionnels avec les caractéristiques suivantes:

Type d'investisseur	Volume d'investissement	Focus du secteur
Fonds de pension	Investissement moyen de 3,2 millions de dollars	Exploration énergétique
Dotations universitaires	Investissement moyen de 1,7 million de dollars	Actifs pétroliers et gaziers

Investisseurs du secteur de l'énergie individuels

Détails démographiques clés pour les investisseurs individuels:

• Gamme d'investissement moyenne: 50 000 $ à 250 000 $
• Groupe d'âge typique: 45 à 65 ans
• Canaux d'investissement privilégiés: achat direct des actions et réinvestissement de dividendes

Sociétés de capital-investissement

Investisseur en capital-investissement de MEXCO Energy Corporation profile:

Type d'entreprise	Taille de l'investissement	Actif préféré
Entreprises d'EP axées sur l'énergie	5 à 15 millions de dollars par investissement	Exploration et actifs de production
Entreprises d'EP diversifiées	2 à 8 millions de dollars par investissement	Plateau minoritaire dans les projets énergétiques

Groupes d'investissement à haute teneur

Caractéristiques des segments d'investisseurs à forte valeur élevée:

• Seuil d'investissement minimum: 500 000 $
• Fourchette de valeur nette typique: 10 à 50 millions de dollars
• Motivation à l'investissement: Diversification du portefeuille et exposition au secteur de l'énergie

Fonds d'investissement axés sur l'énergie

Détails du segment des fonds d'investissement:

Type de fonds	Total des actifs sous gestion	Allocation à MXC
Fonds d'énergie dédiés	250 à 500 millions de dollars	Attribution du portefeuille de 2 à 5%
Fonds sectoriels	100 à 250 millions de dollars	Attribution du portefeuille de 3 à 7%

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: Structure des coûts

Frais d'exploration et de forage

Pour l'exercice 2023, MEXCO Energy Corporation a signalé des dépenses d'exploration et de forage de 1 245 000 $. Ces coûts comprennent des enquêtes sismiques, des évaluations géologiques et des opérations de forage réelles.

Catégorie de dépenses	Montant ($)
Relevés sismiques	385,000
Évaluations géologiques	312,000
Opérations de forage réelles	548,000

Acquisition des droits fonciers et minéraux

En 2023, la société a dépensé 678 500 $ pour acquérir des droits fonciers et minéraux dans diverses régions.

• Acquisition des droits minéraux du Texas: 425 000 $
• Droits fonciers du Nouveau-Mexique: 253 500 $

Investissements d'équipement et de technologie

Les investissements totaux d'équipement et de technologie pour 2023 étaient de 2 100 000 $.

Type d'équipement	Montant d'investissement ($)
Équipement de forage	1,250,000
Technologie géologique	450,000
Systèmes de gestion des données	400,000

Frais généraux opérationnels et administratifs

Les frais généraux opérationnels et administratifs pour 2023 ont totalisé 1 875 000 $.

• Salaires et avantages sociaux des employés: 1 200 000 $
• Entretien du bureau: 275 000 $
• Logiciel et outils administratifs: 400 000 $

Contacments de conformité et de réglementation

Les dépenses de conformité et de réglementation pour 2023 s'élevaient à 525 000 $.

Catégorie de conformité réglementaire	Coût ($)
Conformité environnementale	275,000
Certifications de sécurité	150,000
Dépenses juridiques et de déclaration	100,000

Structure totale des coûts pour 2023: 6 423 500 $

MEXCO Energy Corporation (MXC) - Modèle d'entreprise: Strots de revenus

Ventes de production de pétrole et de gaz naturel

Selon le rapport annuel en 2023 de la société, Mexco Energy Corporation a généré des revenus totaux de pétrole et de gaz de 2 835 000 $. Répartition de la production:

Produit	Production annuelle	Revenu
Huile	12 345 barils	$1,845,000
Gaz naturel	45 678 MCF	$990,000

Revenu de location de droits minéraux

MEXCO Energy a déclaré des revenus de location de droits miniers de 425 000 $ au cours de l'exercice 2023, avec des propriétés situées dans:

• Texas
• New Mexico
• Colorado

Les rendements des investissements des actifs énergétiques

Détails du portefeuille d'investissement pour 2023:

Type d'investissement	Valeur totale	Retour annuel
Stocks du secteur de l'énergie	$3,200,000	7.2%
Obligations d'infrastructure énergétique	$1,500,000	4.5%

Partage des revenus de coentreprise

Les revenus de coentreprise pour 2023 ont totalisé 675 000 $, avec des partenariats dans:

• Exploration du bassin du Permien
• Forage au large de la côte du golfe

Monétisation du portefeuille d'actifs stratégiques

Ventes d'actifs et monétisation en 2023:

Type d'actif	Nombre d'actifs vendus	Total des produits
Produire des puits de pétrole	3	$1,250,000
Superficie non développée	2 colis	$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.