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Stock impact report

Mexco Energy Corporation Reports Financial Results for Third Quarter [Yahoo! Finance]

Mexco Energy Corporation (MXC) 
Company Research Source: Yahoo! Finance
diluted share, for the Company's third quarter of fiscal 2024, an increase of 28% compared to $269,433, or $0.12 per diluted share, for the second quarter of fiscal 2024. Operating revenues in the third quarter of fiscal 2024 were $1,656,443. The average sales price of oil and natural gas for the three months ending December 31, 2023 was $78.65 per barrel and $1.82 per Mcf, respectively. Net income for the nine months ending December 31, 2023 was $1,080,657, or $0.50 per diluted share, a decrease of 71% compared with the same nine-month period of fiscal 2023. Operating revenues in the first nine months of fiscal 2024 decreased 35% to $4,811,472. This decrease resulted from a 2% decrease in barrels of oil equivalent (“BOE”) production volumes as well as the average sales price of oil and natural gas for the nine months ending December 31, 2023 to $77.06 per barrel (an 18% decrease) and $2.12 per Mcf (a 66% decrease), respectively. The Company currently expects to participate in the Show less Read more
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